Federal Reserve Stress Test Projects $685 Billion in Losses for Large Banks

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Federal Reserve Stress Test Projects $685 Billion in Losses for Large BanksThe Federal Reserve Board’s annual stress test results reveal that large banks are expected to face nearly $685 billion in projected losses during a severe recession scenario. These losses are significantly higher than last year due to increased risks in bank balance sheets and higher expenses. The aggregate common equity tier 1 (CET1) capital ratio […]

Source: Bitcoin News

#NewsBytes, #Banks, #Fed, #FederalReserve, #Losses, #NewsBytes2, #StressTest

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