Tuesday, March 13, 2012

CNBC: Fed Unveils Doomsday Scenario for Bank

The Federal Reserve released its "worst-case scenario" bank stress test criteria Monday and said it will release full results Thursday at 4:30 p.m. ET.
The Fed will look at how the nation's 19 largest banks would survive a  world with a 13 percent jobless rate, a 50-percent drop in stocks, a  21-percent decline in housing prices and a significant contraction of other  major world economies.
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