The major American banks will be facing the Federal Reserve’s annual stress tests this week, to see if they have enough capital in a potential crisis to make the grade.
Despite the recent bank crisis this year, the lenders are are believed to have enough capital to weather a severe economic downturn., say analysts, but investor payouts are expected to dip slightly.
Major Wall Street institutions like Citigroup, Bank of America, JPMorgan Chase, Goldman Sachs Group, Wells Fargo, and Morgan Stanley are all in the spotlight.
However, smaller lenders including Capital One, U.S. Bancorp, and Citizens Bank, are also receiving attention from worried investors….