The Federal Reserve gave 18 big banks stress tests. SunTrust is one of the ones that didn’t meet the Fed’s requirements. However, the Atlanta-based bank says its account holders shouldn’t worry.
SunTrust declined WABE’s interview request. But, in an email, bank spokesman Michael McCoy said the test results have “no direct implications for our clients”. He also said the test did not reflect current conditions.
That was the whole point.
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