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Big banks, business groups sue US Federal Reserve over annual 'stress tests'

  • Big banks and business groups have sued the U.S. Federal Reserve over the annual 'stress tests'.
  • The lawsuit claims that the stress tests are unfair and impose unnecessary burdens on financial institutions.
  • Plaintiffs include major banking organizations subject to the Fed's stress testing requirements.
  • The outcome could have significant implications for the regulatory framework governing U.S. Banks.
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