close video FOX Business Flash top headlines for June 23
Check out what’s clicking on FoxBusiness.com
Big U.S. lenders will see if they made the grade this week as the Federal Reserve reports the results of its annual "stress tests."
Despite this past Spring's turmoil in the sector, the institutions are expected to show they have ample capital to weather any fresh trouble.
Although investor payouts are likely to dip slightly, analysts said.
The central bank on Wednesday will release the results of its bank health checks which assess how much capital banks would need to withstand a severe economic downturn.
FED EXPLORING WAYS TO SPEED UP BANK OVERSIGHT, STRENGTHEN STRESS TESTS
Big U.S. lenders will see if they made the grade this week as the Federal Reserve reports the results of its annual “stress tests.” (REUTERS/File Photo)
The results help decide a banks' capital planning, dictating how much cash they can return to shareholders via dividends and share buybacks.
The Fed instituted the annual exercise following the 2007-2009 financial crisis.Ticker Security Last Change Change % C CITIGROUP INC. 46.03 -0.60 -1.29%BAC BANK OF AMERICA CORP. 27.76 -0.19 -0.68%JPM JPMORGAN CHASE & CO. 138.82 -0.76 -0.54%
This year's tests come after the recent banking crisis in which Silicon Valley Bank and two other lenders failed.
FED WARNS TIGHTER CREDIT CONDITIONS COULD SLOW US GROWTH
The central bank will release the results of its bank health checks on Wednesday, which assesses how much capital banks would need to withstand a severe economic downturn. (Yasin Ozturk/Anadolu Agency via Getty Images / Getty Images)
Wall Street lenders including Citigroup Inc, Bank of America , JPMorgan Chase, Goldman Sachs Group, Wells Fargo, and Morgan Stanley usually attract the most attention.
Also in focus will be smaller lenders including Capital One, U.S. Bancorp, and Citizens.Ticker Security Last Change Change % GS THE GOLDMAN SACHS GROUP INC. 314.71 -4.88 -1.53%MS MORGAN STANLEY 83.58 -0.92 -1.09%WFC WELLS FARGO & CO. 40.60 -0.45 -1.10%
SVB CUSTOMERS WHO LOST DEPOSITS UNDER PRESSURE TO REPAY LOANS
Banks will be scrutinized a little tougher this year, but analysts and executives expect the 23 lenders being tested will show capital in excess of regulatory minimums.
SpaceX successfully launched NROL-48 on Sept. 22, 2025, for the U.S. National Reconnaissance Office. The mission deployed small satellites into orbit, supporting the “proliferated architecture,” a strategy to boost resilience by using many small spacecraft for surveillance and intelligence.
The government will underwrite a £1.5bn loan guarantee to Jaguar Land Rover (JLR) after a mass cyber attack forced a shutdown.
JLR suspended production at its UK factories following the attack on 31 August. The shutdown is expected to last until 1 October, leaving the largest UK carmaker’s suppliers in limbo.
The loan is expected to give suppliers some certainty amid the continued shutdown, as the £1.5bn will help bolster JLR’s cash reserves as it pays back companies in its supply chain.
The government will give its backing to the loan through the Export Development Guarantee (EDG), a financial support mechanism aimed at helping British companies that sell their goods overseas.
Please use Chrome browser for a more accessible video player
4:27
JLR shutdown extended
The £1.5bn loan, from a commercial bank, will be paid back over five years.
“Following our decisive action, this loan guarantee will help support the supply chain and protect skilled jobs in the West Midlands, Merseyside and throughout the UK,” Business Secretary Peter Kyle said.
Chancellor Rachel Reeves added: “Jaguar Land Rover is an iconic British company which employs tens of thousands of people – a jewel in the crown of our economy.
More on Cyber Attacks
Related Topics:
“Today we are protecting thousands of those jobs with up to £1.5bn in additional private finance, helping them support their supply chain and protect a vital part of the British car industry.”
Image: Rachel Reeves, during a visit to Jaguar Land Rover in Birmingham with Prime Minister Sir Keir Starmer. File pic: PA
As a result of the attack, production was halted across the car-making supply chain, with thousands of staff off work.
More than 33,000 people work directly for JLR in the UK, many of them on assembly lines in the West Midlands, the largest of which is in Solihull, and a plant at Halewood on Merseyside.
An estimated 200,000 more are employed by several hundred companies in the supply chain, who have faced business interruption with their largest client out of action.
Please use Chrome browser for a more accessible video player
2:28
Inside factory affected by Jaguar Land Rover shutdown
Ministers have had daily contact with JLR and cyber experts following the attack as the company attempts to restart production at its UK factories.
Unions and politicians have warned that small suppliers producing parts for JLR could collapse as a result of the shutdown unless they receive urgent financial support.
This week, Mr Kyle met workers and bosses at Webasto, which makes sunroofs for JLR.
Spotify
This content is provided by Spotify, which may be using cookies and other technologies.
To show you this content, we need your permission to use cookies.
You can use the buttons below to amend your preferences to enable Spotify cookies or to allow those cookies just once.
You can change your settings at any time via the Privacy Options.
Unfortunately we have been unable to verify if you have consented to Spotify cookies.
To view this content you can use the button below to allow Spotify cookies for this session only.
Image: Peter Kyle visits the JRL supplier Webasto in Sutton Coldfield in the West Midlands. Pic: PA
The brand has the largest supply chain in the UK automotive sector, which employs around 120,000 people and is largely made up of small and medium-sized businesses.
The government’s promise of underwriting the JLR loan has been praised by the Unite union, whose general secretary Sharon Graham said the loan was “an important first step and demonstrates that the government has listened to the concerns raised in meetings with Unite over recent days”.
Please use Chrome browser for a more accessible video player
3:53
Are we in a cyber attack ‘epidemic’?
She added: “This is exactly what the government should be doing, taking action to protect jobs.
“The money provided must now be used to ensure job guarantees and to also protect skills and pay in JLR and its supply chain.”
It was one sentence among the many words Donald Trump spoke this week that caught my attention.
Midway through a jaw-dropping news conference where he sensationally claimed to have “found an answer on autism”, he said: “Bobby (Kennedy) wants to be very careful with what he says, but I’m not so careful with what I say.”
The US president has gone from pushing the envelope to completely unfiltered.
Last Sunday, moments after Charlie Kirk‘s widow Erika had publicly forgiven her husband’s killer, Mr Trump told the congregation at his memorial service that he “hates his opponents”.
Image: President Donald Trump embraces Charlie Kirk’s widow Erika. Pic: AP
The president treats professional disapproval not as a liability but as evidence of authenticity, fuelling the aura that he is a challenger of conventions.
Please use Chrome browser for a more accessible video player
“I’m really good at this stuff. Your countries are going to hell,” he told his audience, deriding Europe’s approach to immigration as a “failed experiment of open borders”.
Image: Mr Trump addresses the UN General Assembly in New York. Pic: Reuters
Then came a U-turn on Ukraine, suggesting the country could win back all the land it has lost to Russia.
Most politicians would be punished for inconsistency, but Mr Trump recasts this as strategic genius – framing himself as dictating the terms.
It is hard to keep track when his expressed hopes for peace in Ukraine and Gaza are peppered with social media posts condemning the return of Jimmy Kimmel to late-night television.
Please use Chrome browser for a more accessible video player
2:29
Trump’s major shift in Ukraine policy
Perhaps most striking of all is his reaction to the indictment of James Comey, the FBI director he fired during his first term.
In theory, this should raise questions about the president’s past conflicts with law enforcement, but he frames it as vindication, proof that his enemies fall while he survives.
Please use Chrome browser for a more accessible video player
0:49
Ex-FBI chief: ‘Costs to standing up to Trump’
Mr Trump has spent much of his political career cultivating an image of a man above the normal consequences of politics, law or diplomacy, but he appears to feel more invincible than ever.