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 and stay above minimum capital requirements," according to a press release from the Federal Reserve.
JMP Securities Director of Financial Technology Research Devin Ryan gives insight into the Fed’s stress test and what it ultimately means for Goldman Sachs’ capital strength:
"The pressure from kind of stressing the credit card portfolio was a little bit of a drag for them [Goldman Sachs]. 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…
#youtube #news #FederalReserve
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