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banking system

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federal reserve

Fed says top 23 banks could absorb losses and lending despite unemployment hitting 10% and stock market falling 45%

Per Fed The Federal Reserve is assuring the public regarding the performance of the top 23 banks, saying they are capable of withstanding major unemployment and stock market plunge. The agency says these large banks would handle a 45% stock market drop and 10% unemployment. This came as Michael S.
29 Jun 2023 1 min read
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