Most big U.S. banks pass Fed's stress test, boosting shareholder payouts

June 29, 2016 10:35 PM

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NEW YORK/WASHINGTON Nearly all of the largest U.S. banks are on steady enough footing to increase payouts to shareholders, the U.S. Federal Reserve said on Wednesday, with just two subsidiaries of foreign banks failing its annual stress test.

The results show that big U.S. banks have not only built up significant capital since the 2007-2009 financial crisis but that management teams have largely proven the merit of their internal disaster planning to the Fed.

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