Large US banks can weather hypothetical downturn, several raise dividends: Fed - The Business Times
• The US Federal Reserve announced on June 24 that 32 of the nation's largest banks are well-positioned to continue lending despite a severe hypothetical economic downturn. • The annual "stress test" revealed that while banks' capital levels dropped by 1.6 percentage points, they remained above the minimum regulatory requirements. • These results indicate that the banking sector could absorb over US$700 billion in hypothetical losses without failing.
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