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CNN Business
The biggest US banks are more vulnerable than they were last year, Fed’s stress test shows
America’s biggest banks are well positioned to survive a severe recession while continuing to lend to households and businesses, the Federal Reserve said Wednesday in its annual bank resilience test, commonly referred to as a stress test. However, banks could suffer higher losses, if a significant economic downturn were to hit now versus a year ago.
Yahoo Finance
Big banks pass Fed stress test as they fight stricter capital rules
The biggest US banks proved to the Fed they would all be able to withstand a severe global recession, demonstrating strength while they push regulators to adjust a set of proposed capital rules.
Business Wire
New Capital One Study Finds Consumer Spending at Downtown Richmond Small Businesses Has Grown Nearly 50% Since 2019
MCLEAN, Va., June 26, 2024--Capital One releases new study examining small business consumer spend volume in Richmond, Virginia.