US banks shrug off turmoil to ace Fed’s annual health checks
Written by Black Hot Fire Network on June 28, 2023
WASHINGTON, June 28 (Reuters) - Big U.S. banks sailed through the Federal Reserve's annual health check on Wednesday, in a vote of confidence for a sector still recovering from turmoil earlier this year and facing an uncertain economic outlook.
The Fed's "stress test" exercise showed lenders, including JPMorgan Chase