First Horizon Announces Results of its 2020 Company-Run Stress Test

MEMPHIS, Tenn., Dec. 28, 2020 (GLOBE NEWSWIRE) — First Horizon Corporation (NYSE: FHN or the “Company”) today announced the results of its 2020 Bank Holding Company-run capital stress test results which demonstrate the ability to successfully navigate periods of economic stress and maintain capital ratios well above regulatory minimums. These internal results, which utilized the 2020 Severely Adverse Scenario published by...

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Wells Fargo Comments on Federal Reserve’s Stress Test Results

SAN FRANCISCO–(BUSINESS WIRE)–Dec 18, 2020– Wells Fargo & Company (NYSE: WFC) today commented on the Federal Reserve’s stress test results. In light of the impact on the global economy from the COVID-19 pandemic, the Federal Reserve required the nation’s largest banks, including Wells Fargo, to update and resubmit their capital plans in November 2020. The Federal Reserve released their stress...

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BNY Mellon Statement on the Results of the Second Round of 2020 Stress Tests

NEW YORK, Dec. 18, 2020 /PRNewswire/ — On December 18, 2020, the Federal Reserve released the results of the second round of bank holding company stress tests during 2020, further demonstrating the resiliency and strength of BNY Mellon’s business model and capital position in times of stress. The restriction on open market common share repurchases applicable to BNY Mellon during...

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Bank of England consults on its proposals for stress testing the financial stability implications of climate change

The objective of the BES is to test the resilience of the largest banks and insurers (‘firms’) to the physical and transition risks associated with different possible climate scenarios, and the financial system’s exposure more broadly to climate-related risk. Whilst climate-related risks will materialise over decades, actions today will affect the size of those future risks.  It is therefore important...

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