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- Federal Reserve Board releases results of annual bank stress test
The results of the Federal Reserve Board's annual bank stress test showed that large banks are well positioned to weather a severe recession, while staying above minimum capital requirements and continuing to lend to households and businesses Under this year's hypothetical recession, the aggregate decline in the common equity tier 1 (CET1) capital ratio, which provides a cushion against losses,
- US: ADP says the economy lost jobs for the first time since 2023 due to . . .
From morningstar com Private sector eliminated 33,000 jobs in June Privately run businesses reduced jobs in June for the first time in more than two years, ADP said, as U S trade wars created a "hesitancy to hire and a reluctance to replace departing workers " Companies eliminated 33,000 jobs last month, the payroll processor said, marking the first decline since March 2023 Economists
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- Billion-dollar money laundering case: MAS slaps 9 financial . . .
The Monetary Authority of Singapore (MAS) has imposed S$27 45 million (US$21 55 million) in penalties on nine financial institutions for breaches related to the 2023 money laundering case involving more than S$3 billion in assets Action has also been taken against 18 individuals involved in
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