WASHINGTON (AP) The Federal Reserve said Friday that the 33 largest U.S. banks are in strong shape despite the pandemic’s economic shock.
The banks have ample capital cushions girding them against unexpected losses and that will also enable them to keep lending even under the most severe straits, the central bank said.
The Fed disclosed the results from a special second round of “stress tests” that it added this year because of damage to the economy from the virus outbreak. The pandemic has killed more than 300,000 Americans, closed hundreds of thousands of businesses and pushed unemployment to levels not seen since the Great Depression.
FILE - This Monday, Nov. 16, 2020 file photo shows the Federal Reserve in Washington. The Federal Reserve said Friday, Dec. 18, 2020 that the 33 largest U.S. banks are in strong shape despite the pandemic’s economic shock. (AP Photo/J. Scott Applewhite, File)
Fed finds big US banks in solid shape; keeps dividend limits By Associated Press Washington, D.C. PUBLISHED 8:07 PM ET Dec. 18, 2020
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WASHINGTON (AP) The Federal Reserve said Friday that the 33 largest U.S. banks are in strong shape despite the pandemic’s economic shock.
The banks have ample capital cushions girding them against unexpected losses and that will also enable them to keep lending even under the most severe straits, the central bank said.
“A gender quota does not make the talent pool any bigger or better”
Deutsche Bank’s CEO Americas talks about women on management boards, uncomfortable discussions and her plans for more racial and ethnic diversity.
Ms. Riley, when Citigroup became the first major American bank to appoint a woman, Jane Fraser, as CEO, you called that great news”. You are the only woman on the Management Board of Deutsche Bank. How long will it take for a woman to become CEO of Deutsche Bank?
We are getting off to a good start, my goodness (laughs). Look: Deutsche Bank is committed to attracting and promoting the best talent at every level and to being an attractive employer. Appointing the CEO is, of course, a matter for the Supervisory Board. It is our responsibility to ensure that there’s a deep enough pool of women eligible for roles on the Management Board. We have more work to do in that respect.