The Federal Reserve's annual 'stress test' exercise showed last month that the biggest U.S. banks would have enough capital to withstand severe economic and ...
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange in New York City - Goldman Sachs has lodged an appeal with the U.S. Federal Reserve challenging its result in the regulator's most recent " stress test ", which is set to force the bank to hold a greater amount of capital, the Financial Times reported on Sunday, citing people familiar with the matter.
The tested banks overall saw losses of 17.6% to existing loan balances on credit cards and among them Goldman Sachs recorded 25.4% in losses.How well a bank performs on the stress tests dictates the size of its stress capital buffer - an extra cushion of capital the Fed requires banks to hold to weather a hypothetical economic downturn.
Stocks could face the steepest correction since the 2022 bear market as earnings kick off, analysts say. Here's what investors should watch for.
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