top 33 banks pass first stage of us stress tests
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Top 33 banks pass first stage of US stress tests

Arab Today, arab today

Arab Today, arab today Top 33 banks pass first stage of US stress tests

Britain
Washington - Arab Today

 Thirty-three large US and foreign banks passed the first stage of annual stress tests to test their financial mettle in crises, the Federal Reserve reported Thursday.

While the banks registered "substantial losses" in hypothetical scenarios of both severe and extremely severe economic downturns, the Fed said that in the aggregate the 33 had stronger balance sheets and better credit quality than a year ago.

 
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