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The Independent UK
The Independent UK
National
Ken Sweet

The largest US banks would survive a severe recession, the Fed's 'stress tests' show

Copyright 2018 The Associated Press. All rights reserved.

The nation's 23 largest banks passed the Federal Reserve's so-called stress tests this year, a sign that the nation's banking system remains resilient despite the recent banking crisis that led to the failure of Silicon Valley Bank, Signature Bank and First Republic Bank.

The Fed's report issued Wednesday did show some relative weakness among the midsize banks and "super regional" banks, with some getting a passing grade with a smaller cushion than usual. Those results could raise eyebrows among investors and policymakers.

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