Fed Announces June 28 Release Date for Banks' Stress Test Results

The US Federal Reserve will unveil on June 28 the results of its annual stress tests, which examine banks’ ability to withstand crises.

The yearly exams are being closely watched this time after three US lenders failed since March, and questions linger about the ability of other institutions to withstand extreme stress. The tests were put in place after the 2008 financial crisis to ensure the US banking system could withstand tumult.

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