For the first time since the financial crisis, the Fed isn’t handing out any Fs.
On Thursday, the Federal Reserve released the results of its annual bank stress tests. Of the 31 banks the Fed tested—which included the largest U.S. banks, like Bank of America, Citi, and Wells Fargo—as well as some sizable regional banks and the U.S. divisions of large international banks, all were deemed strong enough to weather a severe economic meltdown without any help from the government.
Still, a number of banks, including Goldman Sachs, weren’t far above levels that the Fed requires to pass its test. Regional bank Zions Bancorp, too, just cleared the Fed’s minimum on certain accounts. Zion was the only U.S. bank to fail the stress test last year.
Still, as was the case a year ago, the banks collectively cleared the test by a wider margin than they did in 2014…
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