Fed stress tests says banks reported higher losses than in 2023 tests ...Middle East

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Fed stress tests says banks reported higher losses than in 2023 tests
Fed: Banks reported higher losses than in 2023 stress test as bank balance sheets are riskier and expenses are higher.US Federal Reserve stress test shows large US banks are well positioned to weather severe recession and stay above minimum capital requirements.Fed: Thirty-one large US banks reported nearly $685 billion in losses under 2024 Fed stress test, but capital remained well above regulatory minimums.Fed: Bank corporate credit portfolios have become riskier as banks downgrade loans, driving higher test losses.Fed: Higher expenses and lower fee income also contributed to steeper stress test losses.Fed: Increases in bank credit card balances and higher delinquency rates drove greater h

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