All but one US top bank pass Fed stress test
Zions Bancorporation comes in below one of the central bank's main capital thresholds
Washington
THE Federal Reserve's annual stress tests found 29 of the 30 largest US banks could withstand a deep recession and still pay dividends, fuelling speculation about which firms will win approval next week to raise payouts.
Zions Bancorporation is the only lender that came in below one of the Fed's main capital thresholds in results released on Thursday by the US central bank that simulated a severe economic slump.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients
Prudential’s Q1 new business profit down 2% at S$743 million