All 23 banks pass Federal Reserve's stress test on capital levels (NYSE:USB)
All 23 banks met minimum capital requirements under a hypothetical recession in the Federal Reserve's 2023 bank stress tests and would still be able to lend in a severe recession, the U.S.'s central bank said Wednesday. While the U.S.'s largest banks passed the test, it was only a few months ago…
#federalreserve #michaelsbarr #cre #bankofnewyorkmellon #bk #jpmorganchase #jpm #bankofamerica #bac #wellsfargo
