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Income investors have spent much of the past month dealing with a market that refuses to make life simple. Equities remain resilient, but they are also increasingly concentrated in a handful of large technology companies. Credit markets remain open and broadly functional, but the easy money has been made in many of the
The Federal Reserve says all 32 large US banks passed its latest stress test, demonstrating they could withstand a severe recession and absorb over $700 billion in hypothetical losses.
US banks remain well-positioned to withstand a severe recession and continue lending, according to Fed stress tests.