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Fed Wants Banks To Test For Severe 2015 Recession

By Evan Weinberger ( October 23, 2014, 5:11 PM EDT) -- The Federal Reserve on Thursday said that banks will have to show how a severe global recession featuring a steep rise in the unemployment rate, soaring gas prices and, for the largest institutions, a large corporate default would affect their balance sheets in their 2015 stress tests....

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