Stress Tests Suggest U.S. Heading For Crisis

Results of recent stress tests by the Federal Reserve on the banking industry suggests that the U.S. is heading back into crisis, according to Institutional Risk Analytics, reports Housing Wire.

Results of recent stress tests by the Federal Reserve on the banking industry suggests that the U.S. is heading back into crisis, according to Institutional Risk Analytics. IRA based its speculation on deflation in the housing sector, and noted in its report that the Fed did not allow Bank of America, Citigroup, Capital One, Morgan Stanley or Ally Financial to make changes in dividends.

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