Reported about 6 hours ago
The Federal Reserve's recent stress tests confirmed that the largest US banks, including JPMorgan Chase and Bank of America, can withstand a severe economic downturn while maintaining adequate capital. All 22 banks tested demonstrated resilience, with capital levels well above the required minimum, even amidst projected substantial losses. This positive outcome may support the Trump administration's efforts to relax capital regulations, as regulators consider adjustments to financial rules aimed at boosting lending and promoting economic growth.
Source: YAHOO