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All 23 US banking companies that participated in a brand new Federal Reserve anxiety exam might be capable to resist a severe world recession, demonstrating the power of the greatest fiscal establishments at any given time when the banking field still is on unsure floor.

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The Fed’s exam, an yearly rite from the field Because the 2008 fiscal disaster, is the 1st for being produced due to the fact turmoil roiled the banking planet following the failure of To start with Republic, Silicon Valley Financial institution, and Signature Lender this spring.

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