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URGENT ¥¥¥ 17 of 18 US bank pass Fed stress tests

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(Globalpost/GlobalPost)

All but one of 18 top US banks passed tough stress tests aimed at seeing if the financial industry could weather a new deep crisis, the Federal Reserve announced Thursday.

Government-controlled Ally, the rescued former finance arm of General Motors, was the only bank to fail the test of capital strength.

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http://www.globalpost.com/dispatch/news/afp/130307/urgent-17-18-us-bank-pass-fed-stress-tests