Big Banks Stay Cautious as Stress Doesn’t End With a Test: WSJ
July 4, 2023
Largest banks brace for looming challenges as stress test results fall short. Concerns arise as buybacks remain conservative, signaling anticipated difficulties ahead. The Federal Reserve plans to impose a significant 20% increase in capital requirements for these banks, indicating a lack of confidence in their resilience. Uncertain times lie ahead for the banking industry.
[ad_2]
Source link