Banks Must Weather China Slump in Fed’s Worst-Case Stress Test

The Federal Reserve announced scenarios for its annual stress tests of the 30 largest banks, overhauling one to assume a “sharp” slowdown in China coupled with a deep U.S. recession. In the worst of three scenarios, U.S. gross domestic product plunges 6.1 percent in the first quarter of 2013 and…

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Banks Must Weather China Slump in Fed’s Worst-Case Stress Test

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