Official Federal Reserve announcements or policy documents

Goldman Sachs Challenges Fed's Capital Demand After Stress Test, FT Reports

Jul 14, 2024, 12:36 PM

Goldman Sachs is challenging the Federal Reserve's demand to hold more capital following the latest stress test, the Financial Times reports. The Federal Reserve's stress tests are designed to assess the financial stability and resilience of major banks. However, there are concerns that the tests fail to account for unrealized losses across some of the nation's largest bank holding companies. Goldman Sachs is appealing the requirement to hold more capital.