October 14, 2014
Citigroup, Other Big Banks Pass Midterm Stress Test
The nation largest banks continue to prepare for exams to be conducted by the Federal Reserve next year. These exams are to determine whether they have the financial strength to handle a severe downturn akin to the 2008 financial crisis. Under the 2010 Dodd-Frank financial law, the nation too-big-to-fail banks are required to run themselves …
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