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Banks to wait until market close on June 29 to talk about impact of Fed stress tests on their cap
The Federal Reserve will release the results of its annual stress tests on the nation’s largest banks next Thursday but has asked the firms to refrain from discussing how the results will impact their own plans until after the market closes on June 29, a top U.S. central banker said Friday. The Fed has conducted stress tests on the biggest banks every year since 2009 and this year is particularly important in the wake of the coronavirus pandemic. Fed officials have said banks entered the crisis in a strong position, but analysts have said the length of the pandemic could erode the balance sheets of some banks as ... (full story)
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