Stress Test Results Reveal Surprising Strength in U.S. Banks, Expert Says
San Francisco, CA – Stress test results released yesterday by the Federal Reserve have shown that U.S. banks are in a favorable position, according to Wells Fargo’s top bank analyst, Mike Mayo. Mayo expressed confidence in the resilience of U.S. banks, stating that they are in a very good place despite the challenging hypothetical scenario presented by the stress test, which was even described as worse than the 2008 global financial crisis. Mayo also highlighted …