The Federal Reserve Board's annual bank stress test revealed that all of the large US banks under evaluation are 'positioned to weather a severe recession...
revealed that all of the large US banks under evaluation are"positioned to weather a severe recession and stay above minimum capital requirements ," according to a press release from the Federal Reserve.
"The pressure from kind of stressing the credit card portfolio was a little bit of a drag for them . And so I would point to that is kind of one component of it. Again, these are really small dynamics and we're much more focused on what this all implies for capital return. I think from a capital position, they're still in a very strong position, as we saw in the test last night, even these very severe scenarios...Goldman Sachs shares taking a hit.
So let's talk about the Goldman of it all then that banks capital strength that is for our viewers that their solvency, their ability to withstand financial distress that declined.Um And, and not overly surprising, uh if you look at this year's test, it wasn't dramatically different than last year. Talk to us just about what you think we could potentially see from that given that there are certain, I guess, uncertain factors or uncertainty because we don't exactly know what exactly puzzle the end game is going to look like.So the initial proposal came out and I think um you made a lot of us and, and some of the bank executives a bit nervous in terms of where the starting point was for that conversation.
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