01:19 PM EST, 02/06/2025 (MT Newswires) -- The Federal Reserve told six big banks they will not need to submit climate stress test data in 2025 as the program has been shut down, Bloomberg reported Thursday, citing people familiar with the matter.

The central bank told JPMorgan Chase ( JPM ) , Citigroup ( C ) , Goldman Sachs (GS) and three other banks, Bloomberg reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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