17 of 18 US banks pass stress tests | Bangkok Post: news

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17 of 18 US banks pass stress tests

All but one of 18 top US banks passed tough stress tests aimed at seeing if the financial industry could weather a new deep crisis, the Federal Reserve announced Thursday.

A police officer guards the Federal Reserve building on September 10, 2011 in Washington, DC. All but one of 18 top US banks passed tough stress tests aimed at seeing if the financial industry could weather a new deep crisis, the Federal Reserve announced Thursday.

Government-controlled Ally Financial, the rescued former finance arm of General Motors, was the only bank to fail the test of capital strength.

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  • twodogs

    United StatesPost : 117

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    Discussion 1 : 08 Mar 2013 at 09.451

    U.S. Banks are sitting on mountains of cash and refuse to make even the most secure loans to solvent companies. They are adding to the economic swamp we are all in.

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