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NO STRESS

Banks Pass Stress Test

Critics say it was too easy.

No worries, says the Federal Reserve. Stress tests on the nation’s largest banks showed they would survive a harsh recession and market crash—backing up multiple years of government work to strengthen the financial system. However, critics argue that the tests were not tough enough and undersold potential losses as well as the systemic risk of multiple collapses. Notably, Morgan Stanley and JPMorgan Chase produced some of the worst results during the tests, whose results were released Thursday.

Read it at The New York Times

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