Bank ‘stress tests’ by Fed may have overlooked weaknesses in system

Sam Wood

07/14/2023

THE FEDERAL RESERVE recently announced that all 23 of the biggest U.S. banks passed its "stress test," but some say that doesn't mean banks are prepared for an economic crisis. / AP FILE PHOTO/ANDREW HARNIK

The 23 largest banks in the U.S. – including Providence-based Citizens Financial Group Inc. – recently passed the Federal Reserve’s “stress test,” but some are questioning whether the scenarios set up for those tests give an accurate picture of whether banks of all sizes will be able to shrug off a major economic crisis. That

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