Stress test results show hit to capital from tax reform.

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  • Additional Information
    • Subject Terms:
      UNITED States
    • Subject Terms:
      BOARD of Governors of the Federal Reserve System (U.S.) ; BARCLAYS PLC ; UBS AG 022700199 UBS
    • Abstract:
      The article discusses the 2018 Dodd-Frank Act Stress Test results for 35 banks issued by the U.S. Federal Reserve System in June. Several U.S.-based holding companies for foreign-owned banks, which include Barclays, UBS and Credit Suisse, performed well in terms of capital retention. Their results were not as stellar as the previous year due to the larger losses among more complex banks to a combination of higher credit card exposures and changes to the tax code.