Fed adds coronavirus scenarios to this year’s bank stress tests

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,…

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