- Published on Wednesday, 14 March 2012 03:57
- Written by Bloomberg.com
The Federal Reserve said 15 of the 19 largest U.S. banks could maintain adequate capital levels even in a severe recession that assumes they keep paying dividends and buying back stock.
Today’s results of the central bank’s stress tests show that nearly three years of economic expansion have helped U.S. banks raise profits, rebuild capital, and increase liquidity after the collapse of Lehman Brothers Holdings Inc. in 2008 nearly toppled the financial system. Full story