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30 banks test well, gain Fed leeway

Capital plans win stress clearance

By MARCY GORDON THE ASSOCIATED PRESS

This article was published June 30, 2016 at 2:13 a.m.

The Federal Reserve has given the green light to major banks in the U.S. to raise dividends and buy back shares, judging them to have a sturdy enough financial foundation to withstand a major economic downturn.

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