The Beat Goes On; America’s 23 Biggest Banks Pass Federal Reserve Stress Tests
The Federal Reserve on Wednesday announced the 23 largest US lenders had passed the Central Banks Stress Tests. The banks showed they can withstand a severe global recession and turmoil in real estate markets. The Fed released the hypothetical scenarios for its annual bank stress tests back in March before the New York and California regional bank turmoil. The 23 banks were tested against a severe global recession with heightened stress in both commercial and residential real estate markets, as well as in corporate debt markets.
The Beat Goes On; America’s 23 Biggest Banks Pass Federal Reserve Stress Tests