WASHINGTON: Big US banks sailed through the Federal Reserve's annual health check on Wednesday (Jun 28), in a vote of confidence for a sector still recovering from turmoil earlier this year and facing an uncertain economic outlook. The Fed's 'stress test' exercise showed lenders, including JPMorgan Chase,
WASHINGTON: Big US banks sailed through the Federal Reserve's annual health check on Wednesday , in a vote of confidence for a sector still recovering from turmoil earlier this year and facing an uncertain economic outlook.
"This is dangerous, misleading, incomplete, and results in false comfort," said Dennis Kelleher, president and CEO of the advocacy group Better Markets. The average capital ratio - a measure of the cushion banks have to absorb potential losses - for the country's eight"globally systemically important banks" stood at 10.9 per cent, up slightly from last year, according to a Reuters analysis.
Shares of major banks rose in extended trade following the Fed's upbeat report card, with Bank of America and Wells Fargo gaining around 2 per cent each, while JPMorgan and Charles Schwab both added more than 1 per cent. "Recognizing this year’s scenario was the most difficult on record, these outcomes are the best antidote to any lingering anxiety surrounding recent bank failures," said Lindsey Johnson, president and CEO of the Consumer Bankers Association.SPOTLIGHT ON REGIONAL LENDERS
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
US Fed Chair Powell leaves door open to two straight rate hikes aheadWASHINGTON: US Federal Reserve Chair Jerome Powell said on Wednesday (Jun 28) that the central bank is leaving open the possibility of consecutive interest rate hikes
続きを読む »
Congestion pricing plan in New York City clears final federal hurdleThe programme would charge drivers a fee to enter Manhattan south of 60th Street. Read more at straitstimes.com.
続きを読む »
Breaking: LA Knight’s Next Big WWE Rival Revealed!LA Knight's meteoric rise in WWE has fans buzzing, and a potential program with John Cena has ignited excitement. From being a forgotten act to a people's favor
続きを読む »
EU countries, lawmakers reach deal on data rules targeting Big TechBRUSSELS :EU countries and EU lawmakers on Tuesday agreed on rules that govern how Big Tech and other companies use European consumer and corporate data, with safeguards against non-EU governments gaining illegal access.The European Commission proposed the Data Act last year to cover data generated in smart g
続きを読む »
Seroja restaurant scores big at Michelin awards ceremonyEight-month-old Seroja, a fine-dining restaurant serving food inspired by the Malay Archipelago, and made with ingredients sourced from South-east Asia, scored a hat-trick at the Michelin awards ceremony – the restaurant gained its first star; was named Singapore’s first Green...
続きを読む »
EU countries, lawmakers reach data rule deal targeting Big TechThe new legislation gives both individuals and businesses more control over their data. Read more at straitstimes.com.
続きを読む »