Federal Reserve states 23 major financial institutions weathered critical economic downturn situation in anxiety take a look at

Key Points

All 23 of the U.S. banking institutions provided in the Federal Reserve’s yearly pressure test weathered a severe economic downturn scenario though continuing to lend to consumers and organizations, the regulator claimed Wednesday.
The banking institutions had been able to maintain minimal funds stages, despite $541 billion in projected losses for the team, the Fed said in a launch.
Financial institutions together with JPMorgan Chase and Wells Fargo are predicted to disclose current strategies for buybacks and dividends Friday just after the near of standard buying and selling.

Resource

Finance

Trump targets credit card rates. What’s at stake for Capital One and other banks

January 12, 2026

Capital One shares dropped more than 6% on Monday after President Donald Trump targeted a key way that our favorite credit card issuer makes money. The weakness in Capital One followed Trump’s call for a one-year, 10% cap on credit card rates to take effect on Jan. 20. In his Truth Social post late Friday […]

Finance

Stocks making the biggest moves midday: Citigroup, Abercrombie, Vistra, Duolingo and more

January 12, 2026

Check out some of the companies making the biggest moves in midday trading. Bank stocks — The group fell broadly after President Donald Trump called for credit card rates to be capped at 10% for one year . Capital One slid 6%, Synchrony Financial tumbled 8% and Citigroup dropped 3%. Bank of America , Wells […]

Finance

Republican Sen. Thom Tillis vows to block Trump’s Fed nominees following Powell probe

January 12, 2026

Key Points Sen. Thom Tillis, R-N.C., said he will block any Trump Fed nominees, including for chair, in light of revelations that the Justice Department is investigating Jerome Powell for potential perjury charges. That position substantially complicates the road to replacing Powell, whose term as chair expires in May. While Powell’s term as chair ends […]