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Stress test 2016: Fed says all 33 banks can survive 70 VIX without needing outside capital

JUNE 28, 2016 | by Tyler Durden | ZERO HEDGE

Includes "… The Fed’s annual confidence boosting exercise is now a tradition ever since the 2008 meltdown; in prior years a few banks have "failed" and were forced to build up capital or withhold dividends. The exams subject banks to Fed-invented hardships and are the cornerstone of the regulator’s efforts to ensure lenders can sustain another financial crisis…"

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