CCAR losses concentrated at four US banks

BAML, Citi, JP Morgan and Wells Fargo account for more than half of total CCAR projected losses

US dealers JP Morgan, Bank of America Merrill Lynch (BAML), Citi and Wells Fargo would suffer the most losses in a severe recession, according to the Federal Reserve’s stress tests.

The four banks were projected to lose $306 billion in aggregate under the severely adverse scenario used in the 2018 Comprehensive Capital Analysis and Review (CCAR). That is more than half of the total projected losses across all 35 firms that were subject to the tests.

JP Morgan would bear the brunt of a

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