Biggest US banks weather severe stress test
The Federal Reserve’s latest stress test results, published on June 22, indicate the largest US banks would remain well capitalised, even under the severe scenario.
The results point to aggregate loan losses of $383 billion across the 34 bank holding companies that participated in the tests. Aggregate common equity tier 1 capital fell from 12.5%, its level in the fourth quarter of 2016, to a minimum of 9.2% during the hypothetical stressed period.
Ally Financial, which has struggled in past
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