U.S. large banks have strong capital levels after this year's second round of stress test: Fed

WASHINGTON, Dec. 18 (Xinhua) -- The U.S. Federal Reserve Board on Friday released a second round of bank stress test results this year, which showed that large banks had strong capital levels under two separate hypothetical scenarios with severe global recessions.

The first scenario featured an unemployment rate that spiked to 12.5 percent and then declined to about 7.5 percent, while the second scenario included a peak unemployment rate of 11 percent followed by a more modest decline to 9 percent, according to the Fed.