Federal Reserve Stress Test Shows JPMorgan Chase and Major US Banks Can Withstand Severe Economic Crisis

The Federal Reserve has completed its annual stress test, one year after major US bank failures. The Fed’s stress test indicates that 31 of the largest banks in the US can endure a “highly stressful scenario”. “This year’s test shows that banks have enough capital to withstand significant economic shocks,” stated the Federal Reserve. Discover

Source: CoinOtag