Stress test projects $5.7B in loan losses at SunTrust in severe recession


A deep and prolonged recession in the United States could lead to $5.7 billion in loan losses at SunTrust Banks Inc., the bank's (NYSE: STI) latest annual stress test found.

SunTrust and other banks are required to conduct semi-annual stress tests under the Dodd-Frank Act in which they calculate what would happen under certain hypothetical economic scenarios.

SunTrust reported Thursday that in the most adverse hypothetical scenario — a deep and prolonged recession in the United States in which…

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