Discover, Capital One loans ravaged by Fed stress test
Discover Financial Services’ loan book took the biggest beating under the Federal Reserve’s latest Dodd-Frank Act stress test (DFAST), with a projected loss rate of 17%, equal to $16.3 billion, when subjected to the regulator’s severely adverse scenario.
The aggregate loan-loss rate across the 33 participating banks was 6.3% over the nine quarter horizon of the simulation. Among top US lenders – those designated as category one, two or three – Capital One was the worst affected by the Fed
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
7 days in 60 seconds
SA-CCR, SOFR lending and model approval
The week on Risk.net, November 21-27, 2020
Receive this by email