All 32 of America's largest banks passed the Federal Reserve's 2026 stress test, simulating a severe economic downturn with 10% unemployment, 39% drop in commercial real estate prices, and $708 billion in losses. Despite the banks' resilience, the results will not affect capital requirements due to a regulatory freeze until 2027.
All 32 of the largest U.S. banks successfully passed the Federal Reserve's annual stress test, demonstrating their ability to withstand a severe economic contraction. This outcome, mandated by the Dodd-Frank Act, signals financial system stability and allows banks like JPMorgan Chase to increase dividends and stock buybacks.
The Federal Reserve's annual stress test revealed that 32 major U.S. banks could absorb over $708 billion in losses during a severe global recession, maintaining lending capacity. Despite positive results, the findings will not immediately alter capital requirements as regulators rework the methodology, with industry focus shifting to the upcoming Basel III Endgame proposal.
The US Department of Justice is reportedly investigating Iranian Supreme Leader Mojtaba Khamenei for alleged money laundering and corruption, examining his global investment portfolio's exposure to Wall Street banks like JPMorgan Chase and Citigroup.
Coinbase is reportedly exploring a loophole in the CLARITY Act, which aims to ban passive interest on stablecoins. By integrating with Ethena, a synthetic dollar protocol, Coinbase could offer activity-based rewards, potentially bypassing regulations and frustrating traditional banks.
Moody's reports US banks anticipate a gradual start followed by rapid acceleration in the transition to a digitized financial system through tokenization, with broad asset tokenization seen as inevitable but timing uncertain.
The Treasury Department wants US banks and other financial institutions to monitor for suspected Iranian money-laundering networks that use their funds to smuggle sanctioned oil through shell companies and cryptocurrency networks. The move, which effectively deputises the global financial system to help disrupt Iran’s sanctions-evasion infrastructure, comes as the US and Iran reached another impasse over how to end their war while their ceasefire has grown increasingly shaky. US President Donald...
The Treasury Department wants US banks and other financial institutions to monitor for suspected Iranian money-laundering networks that use their funds to smuggle sanctioned oil through shell companies and cryptocurrency networks. The move, which effectively deputises the global financial system to help disrupt Iran’s sanctions-evasion infrastructure, comes as the US and Iran reached another impasse over how to end their war while their ceasefire has grown increasingly shaky. US President Donald...
A senior White House official has accused major banking trade leaders of refusing to join earlier talks on stablecoin rewards, escalating a dispute that has become one of the final pressure points ahead of the Senate Banking Committee taking up the CLARITY Act this week. In a May 11 post on the social media platform […] The post White House reveals US banks ‘refused’ to attend meetings to resolve stablecoin rewards issue in CLARITY Act appeared first on CryptoSlate.
US banks are mounting an aggressive lobbying effort to stall the CLARITY Act, even as key US lawmakers signal a fast-tracked timeline to put the bill on the president’s desk before July 4. The legislative clash centers on the Digital Asset Market Clarity Act, a sweeping regulatory framework that cleared the House with bipartisan support […] The post Banking lobby attempts to kill Clarity Act’s stablecoin progress as markup is scheduled for next week appeared first on CryptoSlate.
US Senator Thom Tillis said the current text of the CLARITY Act offers a compromise for the crypto industry and banks and provides a bipartisan path for the bill’s passage.
Iranian intelligence is allegedly using criminal intermediaries to recruit teenagers for low-level hybrid warfare attacks across Europe and the UK, targeting Jewish community sites and US interests to sow discord and anxiety.
