Goldman Sachs challenges US Federal Reserve's demand for increased capital after stress test.

Goldman Sachs has challenged the US Federal Reserve's demand that it hold more capital following the Fed's stress test, which revealed that major US banks would have sufficient capital to withstand economic turmoil, but firms faced increased hypothetical losses due to riskier portfolios. Goldman Sachs recorded the largest increase in stress capital buffers at 94 basis points. The bank will engage with its regulators.

July 14, 2024
3 Articles