Bank Exposure, Market Liquidity, and Impact of Passive Investing

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 exposure

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