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US Fed says all 23 big banks subjected to stress tests still have strong capital

( June 24, 2021, 20:48 GMT | Official Statement) -- MLex Summary: The US Federal Reserve said all 23 large banks subjected to annual stress tests remained well above their risk-based minimum capital requirements and could continue lending during a severe recession. "Over the past year, the Federal Reserve has run three stress tests with several different hypothetical recessions and all have confirmed that the banking system is strongly positioned to support the ongoing recovery," said Vice Chair for Supervision Randal Quarles. The central bank said it will end temporary limits on dividend payments and share buybacks.Statement and document follow below:...

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