Big US banks would lose $541 billion in doomsday scenario
Posted By Peter Coyne | 2023-07-02 04:32:37
The largest US banks would lose $541bn in a hypothetical doomsday economic scenario, according to annual stress tests conducted by the Federal Reserve.
- Despite this, they would still have more than enough capital to absorb the losses.
- The results will also help determine how much capital banks have to hold in the next 12 months.
