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The Federal Reserve said major US banks met the requirements of its yearly stress test and could keep on providing lending even in the event of financial downfall.
The central bank unveiled Thursday that 34 of the big American banks have hugely boosted their shields since the financial collapse nearly a decade ago, as seen in the first series of its yearly tests.
A Fed official disclosed major banks concluded the challenging theoretical situation with a higher capital than they had ahead of the 2008 crisis.
It was the third straight year the preliminary outcome showed all large banks meeting the Fed's standard of good health.
Results of the more critical stress tests will be announced this Wednesday and the central bank's decision whether to authorize or reject banks' plan to give back capital to investors by giving dividend payments or repurchasing shares.
