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Fed details next round of big banks' stress tests

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WASHINGTON (AP) — The Federal Reserve says the nation's biggest banks will be tested next year on their ability to survive not only a severe U.S. recession but also a global downturn. The latest round of "stress tests" will test how the banks would handle recessions in Europe and Japan and severe slowdowns in other Asian countries including China. Under the Fed's most severe scenario, the...

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