Fed Acknowledges Error Grading Bank Stress Test

Peter Eavis The New York Times 3/16/2012 The Federal Reserve made an error in its stress test of Citigroup that led it to overstate a key measurement of losses on the bank’s mortgages, the central bank acknowledged on Friday.

The Fed also issued corrections for Bank of America, Ally Financial, MetLife and Wells Fargo. It […]

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