Banking Sector on the Brink?
This week, the Federal Reserve will report the results of its annual "stress tests" to determine if major U.S. lenders have sufficient capital to withstand economic turmoil. Analysts predict banks will pass, but payouts may decrease. Results influence banks' capital planning and follow a recent banking crisis. 23 lenders, including Citigroup, Bank of America, and Wells Fargo, will be closely watched. Analysts expect all to exceed regulatory minimums.
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