The Federal Reserve annual stress tests are done, all the banks it tested passed.
Results in summary:
- banks continue to have strong capital levels
- all banks remain above minimum capital requirements in a hypothetical downturn
- 34 large US banks have strong capital levels, and could continue lending in an economic downturn
- banks suffered slightly more hypothetical losses in 2022 severe test than last year, posting $612 bln in projected losses as capital ratios fell to 9.7%
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