Major Banks Pass Fed Stress Tests, Paving Way for Dividend Increases
TL;DR
The Federal Reserve's recent stress test shows that the largest U.S. banks are well-capitalized and capable of surviving a severe recession, although the test was less rigorous than previous ones due to economic conditions and methodological adjustments. Major banks like JPMorgan Chase and Goldman Sachs passed the test, enabling them to resume dividend payments and share buybacks, supporting the ongoing deregulation efforts.
- Biggest Banks Pass Stress Test Newser
- Big banks all pass the Federal Reserve's stress tests, but the tests were less vigorous this year CNBC
- Fed says banks can withstand economic downturn, clears way for dividend hikes Reuters
- Big Banks Pass Fed’s Stress Test, Setting Stage for Payouts Bloomberg.com
- Fed Says Banks Can Weather Severe Downturn as Stress Tests Become Latest Political Football Barron's
Want the full story? Read the original reporting
Read on Newser