Latest stress test results released: $2.9B pre-tax loss in a Severely Adverse Scenario (https://www.bamsec.com/filing/4072917000321/2?cik=40729&hl=14411:14480&hl_id=ekhvkfk3x). A bit better than our $3.1B back of the envelope severe downside case estimate. Just another datapoint others might be interested
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