Goldman’s key capital ratio performs better in own stress test
NEW YORK (Reuters) - Goldman Sachs Group Inc's key capital ratio would be higher in its own stress test compared with a projection released by the Federal Reserve, according to a document posted on the bank's website on Thursday. Goldman said its Tier 1 common ratio would drop to a minimum of 8.6 percent under extremely stressed economic conditions, whereas the Fed projected that ratio would drop as low as 5.8 percent for the Wall Street bank. In order to pass the Fed's stress test, 18 large U.S. banks had to meet a minimum Tier 1 common ratio of 5 percent. ...
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