The Federal Reserve on Friday said that the financial system’s biggest banks had the wherewithal to withstand a severe economic shock from the pandemic, and that they would be able to return more money to shareholders early next year as long as they show that they are profitable.In June, the Fed put temporary caps on shareholder payouts by the nation’s biggest banks, including JPMorgan Chase, Bank of America and Wells Fargo, barring them from buying back their own stocks or increasing dividend payments. Regulators were trying to ensure that banks remained strong enough to keep lending as …
