Fun Fact of the Day, July 22, 2019

July 22, 2019

What If The Worst Happens? – All 18 major US banks subject to review passed the Federal Reserve’s “stress test” in 2019, the annual evaluation completed on Thursday 6/27/19 to determine a bank’s financial strength under a severe economic downturn. The examination focuses on the banks’ ability to continue to lend money to businesses and individuals under a “worst-case” economic scenario. Fed “stress tests” have been conducted annually since 2009 (source: Federal Reserve).

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