The results of the Federal Reserve’s stress test Wednesday are likely to show that US banks are in “very, very good shape,” Keefe, Bruyette & Woods Chief Executive Officer Tom Michaud said Monday in a Bloomberg Surveillance Television interview. The banking industry is “very well capitalized” given the challenges it’s had, he said, with only a few regional banks trailing behind due to high commercial real estate exposureSee omnystudio.com/listener for privacy information.
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