DFAST severe adverse scenario didn't capture immediacy of the decline, but cumulative output decline by Q3 2020, decline in stock prices, etc, holding up so far.
There's no way regulators and banks could have prepared for this specific shock, but not bad all things considered.
There's no way regulators and banks could have prepared for this specific shock, but not bad all things considered.
Evercore stress tests the banks under Severely Adverse DFAST scenario and the hit to TBV is minimal for everyone but GS/MS
Citi trades at .6x TBV adjusting for the hit to Severely Adverse scenario. Muscle memory of the GFC.
