As the Federal Reserve issues its annual stress test results for big banks, the question is do they have enough cash to survive a deep recession, a 50 percent stock market fall and 12 percent unemployment?
Big U.S. banks passed a round of stress tests conducted by the Fed. Meanwhile, one former Goldman Sachs employee is speaking out on the corporate culture there, which he claims leaves much to be desired.
The stock market had its best day of the year yesterday, in large part due to a pleasant surprise, in the form of a report card on stress tests that were taken by the big banks.
