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Fed Corrects Stress Test Results

The U.S. Federal Reserve on Friday revised several banks' capital levels under stress a day after results of its closely watched industry health check were published.The revisions did not cause any additional banks to dip below the 5 percent minimum for top-tier capital in the Fed's annual stress tests on the country's biggest banks.Analysts pay close attention to the stress tests both because they help show the industry's strength and because regulators use the results to determine whether banks can return capital to shareholders.Most of the 30 banks in the test either had no change in their capital ratios under stress or at most a 0.1 percentage point difference between Thursday's release and the corrected figures, the Fed said.The biggest change was for American Express (NYSE:AXP), whose minimum capital ratio under stress declined by 0.5 percentage point to 12.1 percent.The one bank that fell under the minimum on Thursday, Zions Bancorp (NASDAQ:ZION), saw its capital ratio revised u...

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  1. Federal Reserve Corrects Stress-test Results

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