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Cryptopolitan 2024-06-27 15:25:21

All major US banks deemed resilient against severe recession

The largest US banks have proven their resilience against a severe recession by passing the Federal Reserve’s annual stress tests. All 31 major banks, including JPMorgan Chase, Goldman Sachs, and Bank of America, met the regulatory standards despite a hypothetical scenario where unemployment rose to 10%. The banks faced potential losses nearing $685 billion, which

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