Goldman Sachs (GS.N), opens new tab has lodged an appeal with the U.S. Federal Reserve challenging its result in the regulator’s most recent “stress test,” which is set to force the bank to hold a greater amount of capital, the Financial Times reported on Sunday, citing people familiar with the matter.
The Federal Reserve’s annual “stress test” exercise showed last month that the biggest U.S. banks would have enough capital to withstand severe economic and market turmoil but firms faced steeper hypothetical losses this year due to riskier portfolios.
Source: REUTER
