Nearly one-third of Florida-based banks failed a “stress test” for an economic downturn by Trepp LLC, the South Florida Business Journal reports. The New York-based firm analyzed banks based on whether they could maintain the minimum capital ratios amid economic trouble. The federal Dodd-Frank financial reform requires many banks to plan for such downturns. Trepp’s test ran through 12 macroeconomic variables that would severely impact the economy. It tested 6,000 banks nationwide, including…
Nearly one-third of Florida banks fail Trepp’s stress test
