Fed gives mostly high marks in bank stress tests

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(Reuters) - Most of the largest banks passed their annual stress test, according to the Federal Reserve, in a conservative report card that underscored the recovery of the financial sector but called out a few laggards, including Citigroup. The Fed announced the results in an earlier-than-expected release on Tuesday. JPMorgan Chase pulled the trigger on announcing its own glowing marks before the Fed's release, and helped lift the stock market. But the failing grade for Citigroup, the nation's third-largest bank, was a shock. ...

Source: http://finance.yahoo.com/news/fed-gives-mostly-high-grades-022230927.html

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