in a severe economic downturn, according to European stress tests that also delivered relatively weak results for Deutsche Bank and Société Générale.
FT 30 July 2021
Mario Draghi Has to Explain One Last Thing. So what happened, exactly, at Monte Paschi?
European Banking Authority
Twenty-three banks, including JPMorgan Chase and Goldman Sachs, underwent “stress tests” by the Fed that modelled the financial damage from a series of doomsday scenarios.
These included a US stock market crash, a steep drop in economic output and substantial distress in commercial real estate.
The results, released on Thursday, pave the way for billions of dollars in stock buybacks and dividends, which bank investors have been eagerly anticipating.
FT 25 June 2021