May 25, 2020

Stress tests: Can U.S. banks weather coronavirus crisis?

JPMorgan CEO Jamie Dimon, last week, said that he sees a “bad recession” coming in 2020. However, the CEO also assured that the largest U.S. bank would stay strong even in the worst-case scenario. Credit Suisse applied a similar worst-case scenario to other large U.S. banks to know whether or not their capital adequacy is enough to survive the coronavirus induced financial crisis.