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Federal Reserve to Test Ability of Largest Banks to Weather Recession
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WASHINGTON—The Federal Reserve said it would test the ability of the largest U.S. banks to weather a hypothetical recession in which markets deteriorate markedly and unemployment jumps above 10%.
The so-called stress test, conducted annually to see how banks would react to drastic market and economic shocks, will feature a scenario in which a severe global recession leads to “heightened stress” in commercial real estate and corporate debt markets, the Fed said.
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