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Big Banks Could Keep Lending In Big Recession, Fed Says

Law360 (June 21, 2018, 10:16 PM EDT) -- The latest round of supervisory stress testing shows the nation’s nearly three dozen biggest banks would see significant losses during a severe global recession but would be able to keep credit flowing to households and businesses, the Federal Reserve said Thursday.

The Fed said the 35 banks in this year’s Dodd-Frank Act stress tests, or DFAST, would experience projected aggregate losses of $578 billion under the most drastic downturn in economic conditions simulated in the tests, but none of the banks’ capital levels would fall below...
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