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US Senator Warren says proposed Fed rule weakens megabank stress tests, rolls back safeguards

( July 3, 2025, 15:46 GMT | Official Statement) -- MLex Summary: US Senator Elizabeth Warren said that the Federal Reserve’s proposed to weaken bank stress tests supports Wall Street executives and shareholders at the expense of the American public. “It would weaken the stringency of the Fed’s stress testing framework and reduce loss-absorbing capital levels at the largest banks in the country – making the banking system more fragile at a moment when President Trump’s chaos has the economy on the brink. It should be withdrawn, and the Fed should abandon its broader tear down of the stress testing regime,” Warren said in a statement.Statement follows in full. ...

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