Foreign banks and Fed at odds on stress test impacts

- By Lorenzo Migliorato and Louie Woodall
- 01 Jul 2020

The US units of HSBC and TD Bank drastically undershot the Federal Reserve’s estimates of how much of their loan books would go up in smoke in a financial crisis, stress test disclosures show.

Under the severely adverse scenario of this year’s Dodd-Frank Act stress test (DFAST), the six large non-US bank participants forecast a loan-loss rate of 3.8% on average through the nine quarters of the

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