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Spotlight: U.S. economy at risk of double-dip recession amid COVID-19 resurgence

The resurgence of COVID-19 cases across the United States is raising the risk of a double-dip recession if the country is unable to reign in the pandemic, economists h

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U.S. Fed caps bank dividend payments, suspends share repurchases after stress tests

The U.S. Federal Reserve Board on Thursday voted to require large banks to preserve capital by suspending share repurchases and capping dividend payments in the third

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U.S. Fed incorporates COVID-19 scenarios into stress tests for banks: official

The U.S. Federal Reserve is incorporating three different recovery scenarios related to COVID-19 into this year's stress tests for large banks amid "unprecedented unce