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Federal Reserve: Banks better positioned to withstand crisis, even with huge losses

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U.S. megabanks are better poised now to survive a crisis than they were in 2008, the Federal Reserve announced Thursday, despite the fact that they would suffer massive losses in another panic. The Fed announced the results of the stress tests it conducts as required by the Dodd-Frank financial reform law, in which it assesses how banks would perform in the case of a crisis. In a scenario in...

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