While the 2010 Dodd-Frank Act requires the Fed to stress test major banks, the central bank has used its discretion to come up with hypothetical economic situations to test the banks against.

In parallel, the ECB will conduct its own stress tests on a group of banks that are not covered by the EBA. The EBA said it would test the banks' resilience to a worst-case scenario in which ...

Real estate and technology sectors gain. We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold ...

The US Federal Reserve on Wednesday introduced the hypothetical scenarios for its annual stress test, which determines that large banks can lend to individuals and companies even during a recession.

SALT LAKE CITY, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKP, the “Bank”), an FDIC-insured bank specializing in consumer loans for the purchase of recreational vehicles ...

Fourth-quarter 2024 profits at Bank of America (BAC) and Morgan Stanley (MS) more than doubled, cementing a Wall Street revival that has dealmakers optimistic about the coming Trump era in 2025.

WASHINGTON (Reuters) - The Federal Reserve announced on Wednesday it would be testing big banks against heightened stress in commercial and residential real estate markets as part of the U.S ...

1 Interest income/expense is divided by actual number of days in the period times 360 days to correspond to stated interest rate terms, where applicable. 2 Yields on available-for-sale securities ...

Bank of America Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of ...

Bank of America reported Thursday that net income applicable to common shareholders for the fourth quarter soared to $6.4 billion from $2.84 billion in the prior-year quarter. Ameer Al Mohammedaw/dpa ...

Includes provision for credit losses related to overdrawn deposit accounts from a single customer in the third quarter of 2024.