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Fed Stress Test Finds Big Banks Can Weather Severe Recession

Fed Stress Test Finds Big Banks Can Weather Severe Recession #Fed #Stress #Test #Finds #Big #Banks #Weather #Severe #Recession Welcome to Lopoid

The Federal Reserve gave the biggest U.S. banks a clean bill of health in its annual stress test, saying they would be able to continue lending to households and businesses even in severe recession.

This year’s stress test measured the 34 biggest banks’ ability to maintain strong capital levels in a hypothetical recession marked by sharply higher unemployment and a steep decline in stock prices.

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