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All but a handful of the nation’s largest banks have passed stress tests administered by the Federal Reserve. The tests sought to see how many of 19 financial institutions could withstand another recession. Fifteen banks were cleared, and four were reported to not have enough capital to stay afloat in another downturn, including Citigroup, the […]
All but a handful of the nation’s largest banks have passed stress tests administered by the Federal Reserve. The tests sought to see how many of 19 financial institutions could withstand another recession. Fifteen banks were cleared, and four were reported to not have enough capital to stay afloat in another downturn, including Citigroup, the nation’s third largest.