Fed adds coronavirus scenarios to this year’s bank stress tests
People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020.
Ting Shen | Xinhua via Getty Images
Historically unique financial conditions brought on by the coronavirus have changed the way the Federal Reserve is stress-testing banks this year.
In addition to the usual rigors that measure how well institutions are prepared for sharp downturns,…