Wednesday Federal Reserve says 23 biggest banks weathered severe recession scenario in stress test. The results confirm that the banking system remains strong and resilient. The rate of total loan losses varied considerably across the banks, from a low of 1.3% at Charles Schwab to 14.7% at Capital One; credit cards were easily the most problematic loan product.
👀What's the Fed's bank stress tests?
The Fed established the tests following the 2007-2009 ...

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