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The Nexus
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recession scenario

Coverage of recession scenario in the Nexus archive.

Earliest in view: Jun 27 · 21:57 UTCMost recent: Jun 27 · 21:57 UTC
Co-mentioned in this coverage
Bank of Americaorganization1Truist Financialorganization1Wells Fargo & Companyorganization1Federal Reserveorganization1
Recent coverage
  • BUSINESSJun 27 · 21:57 UTCWSOC ABC CHARLOTTE
    Charlotte’s big banks clear Fed’s recession scenario

    Bank of America Corp., Truist Financial Corp., and Wells Fargo & Co. passed the Federal Reserve’s annual stress test, indicating they can withstand a severe recession with minimal capital decline. The 32 large U.S. banks absorbed $708 billion in hypothetical loan losses, but aggregate capital dropped only 1.6 percentage points, remaining above minimum requirements.