June 28, 2024
Federal Reserve's Annual Stress Test Passed by Top 31 US Banks
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The Federal Reserve’s annual “stress tests,” which are meant to reassure regulators that the major 31 US banks are robust enough to endure a hypothetical situation in which unemployment increases to 10% during a severe recession, were all passed by the banks.
Matthew Bisanz was quoted in this article.
Matthew Bisanz was quoted in this article.