Major banks in the United States (US) increased their dividends after successfully passing the annual stress test that was held last week. The Fed said last Thursday that major US banks had passed the stress test.
These banks could easily overcome the severe economic slowdown. It shows that banks have sufficient capital to deal with a severe economic crisis with soaring unemployment, falling real estate prices and plunging stock prices.
Major banks in the United States (US) increased their dividends after successfully passing the annual stress test that was held last week. The Fed said last Thursday that major US banks had passed the stress test.
These banks could easily overcome the severe economic slowdown. It shows that banks have sufficient capital to deal with a severe economic crisis with soaring unemployment, falling real estate prices and plunging stock prices.
The Fed’s statement effectively gave the banks the green light … Read the rest