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.
Ind-Ra downgrades Jana Capital, Jana Holdings NCDs to default
India Ratings downgraded Jana Capital and Jana Holdings’ NCDs to default after both entities extended debt repayments by six months due to refinancing challenges. Jana