Fed says U.S. banks can weather severe downturn comfortably
Written by Black Hot Fire Network on June 23, 2022
WASHINGTON, June 23 (Reuters) - The largest U.S. banks on Thursday easily cleared the 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 . . .
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