The Federal Reserve will test the country's banks' ability to withstand shocks

Breakings ·  Feb 17 10:08
According to a report by Bloomberg on February 15, after several regional banks in the US went out of business, the Federal Reserve will test the ability of banks to withstand a wider range of potential shocks this year. This anti-stress test is the first annual test conducted since the Bank of America's Silicon Valley and Signature Bank went out of business in March last year. The report said that the 2024 Federal Reserve's anti-stress test will cover 32 banks with assets as low as 100 billion US dollars, and will focus on examining how banks cope with the unemployment rate rising by nearly 6.5 percentage points. The tests will take place over the next few months, and the results will be announced in June. (CCTV News)

The translation is provided by third-party software.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment