Unlike in other industries, large banks cannot make share distributions without first passing a strenuous stress test to prove they are able to maintain a strong capital position
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Financial Services Forum President and CEO Kevin Fromer issued the following statement today after the Federal Reserve issued results from its latest round of stress tests.
The largest banks in the United States remain strong, well-capitalized and a source of strength during the current global health pandemic, continuing to support American consumers and businesses.
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