by Fed “stress tests” have compliant US big banks planning for up to 55% equity price reduction:NEW: Wells Fargo hits session high after saying it had a prime broker relationship with Archegos, but "did not experience losses related to closing out our exposure."" https://t.co/2FzfWush4B pic.twitter.com/HLz2IK2rL6— CNBC Now (@CNBCnow) March 30, 2021 While looks like this foreign bank allegedly taking large losses in the Archegos liquidation has been in the Fed’s doghouse for a while:Credit Suisse is the sole bank tripped up by Fed stress test as rest get approval to boost payouts https://t.co/65aL69ixmU— CNBC International (@CNBCi) June 28, 2019 Don’t fight the Fed....
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Matias Vernengo writes What is heterodox economics?
Fed “stress tests” have compliant US big banks planning for up to 55% equity price reduction:
NEW: Wells Fargo hits session high after saying it had a prime broker relationship with Archegos, but "did not experience losses related to closing out our exposure."" https://t.co/2FzfWush4B pic.twitter.com/HLz2IK2rL6
— CNBC Now (@CNBCnow) March 30, 2021
While looks like this foreign bank allegedly taking large losses in the Archegos liquidation has been in the Fed’s doghouse for a while:
Credit Suisse is the sole bank tripped up by Fed stress test as rest get approval to boost payouts https://t.co/65aL69ixmU
— CNBC International (@CNBCi) June 28, 2019
Don’t fight the Fed....