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KRWG.ORG-The Region's Home Page
Economy
2:00 am
Wed March 14, 2012
Major Banks Pass Fed's Recession Test
By Annie Baxter
The Federal Reserve says most of the nation's largest banks are healthy enough to survive a severe recession. Fifteen of 19 large banks passed the latest round of so-called stress tests. Some financial institutions responded by rewarding shareholders with higher dividends. But were the tests rigorous enough?