WASHINGTON: The US Federal Reserve announced today how much each large bank that underwent its 2020 stress tests will have to hold in additional capit...
The US Federal Reserve announced today how much each large bank that underwent its 2020 stress tests will have to hold in additional capital.
The custom capital requirements follow stress test results released in June, which found that banks would weather heavy capital losses should the economic fallout from the coronavirus pandemic drag on or worsen. The Fed ordered banks to cap dividend payments and bar share repurchases until at least the fourth quarter to ensure they have sufficient cushions.
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