New York, Dec 24, 2024 (AFP) - US banks sue Fed over 'opaque' stress tests

NAMPA / AFP

2024-12-24

A business coalition led by large US banks filed suit Tuesday against the Federal Reserve, criticizing the central bank's annual stress test implementation as "opaque" and detrimental to economic growth. "For years, we have highlighted serious concerns about the stress testing framework and the need for reform," said the Bank Policy Institute, which represents US banking giants, large regional lenders and international banks operating in the Unit......

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