US Fed Corrects its Stress Test Results

The United States Federal Reserve issued on Friday a corrected version of its recent stress test results, which were initially published in June 2020.

According to the new recalculated results, Goldman Sachs and Morgan Stanley will see lower capital requirements, Reuters reported, as the errors led to miscalculated assumed losses for five leading banks, namely Citigroup, Goldman Sachs, Morgan Stanley, Wells Fargo, and HSBC.