Goldman Sachs challenges increased capital requirement from Federal Reserve stress test

From Investing.com: 2024-07-14 09:06:00

Goldman Sachs appeals U.S. Federal Reserve’s stress test results, facing increased capital requirement following the regulator’s recent assessment. The annual stress test showed U.S. banks could withstand economic turmoil, but Goldman Sachs saw a 25.4% loss on credit card loans, leading to a 94 basis points increase in stress capital buffer. CEO David Solomon questions the accuracy of the results. The Federal Reserve and Goldman Sachs have not commented on the matter.



Read more at Investing.com: Goldman challenges Fed’s demand it hold more capital after stress test, FT reports By Reuters