The Federal Reserve reports that major US banks can withstand a severe economic downturn. These banks maintain strong capital levels even after significant losses. The central bank’s stress test indicates resilience against recession and market instability. This positive outcome may lead to increased shareholder payouts through dividends or buybacks. Banks are expected to announce capital plans soon.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The