US Goldman objects to FRB soundness review = FT
July 15, 2024 at 12:35 PM GMT+9 (some excerpts)
The English Financial Times (FT) reported on the 14th that US financial giant Goldman Sachs (GS.N), opens new tab filed an objection to the stress test (soundness review) of the US Federal Reserve (FRB) requesting an increase in equity capital as a matter of interest.
The stress test indicated that banks have sufficient capital to withstand serious economic and market turbulence, while this year's companies are facing more rapid hypothetical losses against the backdrop of high-risk portfolios.
The banks that were examined as a whole experienced a 17.6% loss on credit card loan balances. Goldman was 25.4%.
The stress test indicated that banks have sufficient capital to withstand serious economic and market turbulence, while this year's companies are facing more rapid hypothetical losses against the backdrop of high-risk portfolios.
The banks that were examined as a whole experienced a 17.6% loss on credit card loan balances. Goldman was 25.4%.
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