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The Federal Reserve announced on Thursday that the most prominent US banks could withstand a severe recession. According to results from the Fed’s annual stress test, all the 23 banks were “well above” the required minimum capital levels in a hypothetical economic crunch, CNBC reported Fed tested for a ‘severe’ recession The Fed said that […] The post Federal Reserve: US banking system ‘strongly positioned to support the ongoing recovery’ appeared first on Invezz.
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