The largest American banks were less than thrilled with the outcomes of the Federal Reserve's 2024 Stress Tests, designed to measure the resilience of financial institutions' capital in the event of a deep recession.
Although the 2024 Stress Tests confirmed that all 31 banks analyzed would meet the minimum capital requirements even during a severe crisis, the potential losses these banks would face are projected to be higher than the previous year.
Goldman Sachs analyst Richard Ramsden noted that the Stress Test results "were broadly worse than expected for the banks."
Ramsden explained that the year-over-year change in results was...
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