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No Failures in Fed’s Annual Bank Stress Tests
Time: For the first time since the financial crisis, the Fed isn’t handing out any Fs.
On Thursday, the Federal Reserve released the results of its annual bank stress tests. Of the 31 banks the Fed tested—which included the largest U.S. banks, like Bank of America, Citi, and Wells Fargo—as well as some sizable regional banks and the U.S. divisions of large international banks, all were deemed strong enough to weather a severe economic meltdown without any help from the government.
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