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Sunday, July 14, 2024

Goldman Sachs Challenges Result of Fed Stress Test

 

Goldman Sachs Group Inc. is appealing its result in the Federal Reserve’s latest stress test, which would require the bank to hold more capital, according to the Financial Times.

The move comes after Chief Executive Officer David Solomon said two weeks ago the result didn’t reflect Goldman’s efforts to make its business more stable, the newspaper reported on Sunday, citing people familiar with the matter.

https://www.bloomberg.com/news/articles/2024-07-14/goldman-sachs-challenges-result-of-fed-stress-test-ft-says

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