Federal Reserve stress tests show improved capital levels

Capital levels at 33 US banks, including Morgan Stanley, Wells Fargo, Citigroup and JP Morgan, have shown continued improvement as the Federal Reserve conducts its annual stress tests. The Federal Reserve, however, has also announced that the same banks would face up to $385bn in losses under the most severe scenario posed by the Dodd-Frank Act. 

By Evan Weinberger (June 23, 2016, 4:34 PM EDT) -- Thirty-three U.S. banks would face up to $385 billion in losses under stress tests required by the Dodd-Frank Act, but the overall capital levels at those banks continue to improve across the industry, the Federal Reserve said on Thursday....

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