The result: $541 billion of losses, but still-sufficient capital at all 23 lenders. unemployment hit 10% and house prices plunged nearly 40%, among other things. This year’s checkup, the first overseen by the Fed’s new supervisory chief Michael Barr, modeled what would happen if U.S. banks are strong enough to withstand a sharp recession without their capital ratios – essentially equity as a percentage of risk-weighted assets – dipping into the danger zone. Judging by Wednesday’s test results, U.S. Now firms like JPMorgan (JPM.N), State Street (STT.N), Goldman Sachs (GS.N) and Citigroup (C.N) are bracing for new rules that fortify them against future catastrophes, at a punishingly high cost. Large lenders just breezed through annual stress tests administered by their main regulator, the Federal Reserve. banks, the nerves this year come after the exam. NEW YORK, June 29 (Reuters Breakingviews) - For the biggest U.S.
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