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DS News Webcast: Monday 7/11/2016

Recently, The Board of Governors of the Federal Reserve System completed another iteration of the Dodd-Frank Act Stress Test as well as the Comprehensive Capital Analysis and Review stress tests. The results of these tests indicate that the thirty-three participating U.S. bank holding companies would be able to incur 526 billion dollars in losses while being under a potential adversative scenario, according to a report from Kroll Bond Rating Agency

While the tests may have shown that the largest bank holding companies are capitalized enough to withstand the Fed’s hypothetical severely adverse economic scenarios, KBRA believes investors should take note of the quote, harsh, verbiage contained in the results of the stress tests as well as that liquidity rather than capital should be used to measure a bank’s ability to stand up during an economic shock.

The BLS reported 287 thousand jobs added in June. One economist said the June report will, quote, allay fears, that a recession is imminent and another called the report a, quote, sigh of relief. Overall, 414 thousand people were added to the workforce in June, which raised the labor force participation rate up by 10 basis points to 62 point 7 percent.

About Author: Brian Honea

Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.

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