The Federal Reserve said on Thursday that the nation’s largest banks continue to build their capital levels and improve their credit quality. The Fed announced the results of the first part of the annual stress test that large banks must endure annually. All 33 banks that went through the stress test seem to have faired well. The Fed found the 33 banks would total $385 billion in loan losses during the nine quarters tested in the most severe hypothetical scenario. The "severely adverse" scenario…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/06/23/bank-of-america-wells-fargo-please-the-federal.html?ana=RSS%26s=article_search
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