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The largest U.S. banks on Thursday easily cleared the U.S. Federal Reserve's annual health check, in a vote of confidence for the sector amid signs the U.S. economy could tip into a recession in the months ahead. The results of the Fed's annual "stress test" exercise showed the banks have enough capital to to weather a severe economic downturn and paves the way for them to issue share buybacks and dividends.
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Fed says U.S. banks can weather severe downturn comfortably
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Devdiscourse Fed says U.S. banks can weather severe downturn comfortably The largest U.S. banks on Thursday easily cleared the U.S. Federal Reserve's annual health check, in a vote of confidence for the sector amid signs the U.S. economy could tip into a recession in the months ahead. The results of the Fed's annual "stress test" exercise showed the banks have enough capital to to weather a severe economic downturn and paves the way for them to issue share buybacks and dividends.
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