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Fed rejects two banks’ capital plans in annual ‘stress tests’

Fed fails US units of Deutsche and Santander for 'qualitative' deficiencies including ability to model losses and identify risks

Fed rejects two banks’ capital plans in annual ‘stress tests’

Twenty-eight of 31 large banks received Federal Reserve approval to return capital to investors on Wednesday but only after some of the biggest Wall Street firms came perilously close to failing the regulator’s annual “stress test.”

Twenty-eight of 31 large banks received Federal Reserve approval to return capital to investors on Wednesday but only after some of the biggest Wall Street firms came perilously close to failing the regulator's annual "stress test."

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