29 Big Banks Pass Fed's Stress Test, But Zions Fails

Law360, Washington (March 20, 2014, 6:08 PM EDT) -- The Federal Reserve on Thursday released the results of its annual bank “stress test,” designed to test whether the biggest U.S. financial institutions have enough capital reserves to withstand a severe economic downturn, with 29 of the top 30 banks passing.

The test is part of a Dodd-Frank Act-mandated program designed to determine whether the largest U.S. bank holding companies — as well as certain other nonbank financial firms, which will not, however, be included until future tests — could survive a financial shock worse than...
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