All 31 banks pass stress test, can withstand severe recession scenario

From CNBC: 2024-06-26 16:36:35

Federal Reserve Vice Chair Michael Barr testifies about bank failures at a House hearing. The Fed reports that all 31 banks in a recent stress test can withstand a severe recession scenario. Banks would lose $685 billion but still exceed capital requirements. Aggregate capital levels fell by 2.8 percentage points due to consumer credit and corporate bond exposure. Top banks are set to announce share repurchase plans soon.



Read more at CNBC: All 31 banks pass annual exercise