accountFederal Reserve acknowledges that it made an error in its stress test of Citigroup that led it to overstate a crucial measurement of losses on the bank's mortgages; also issues corrections for Bank of America, Ally Financial, MetLife and Wells Fargo; contends corrections do not change the capital ratios projected by the stress tests, which estimated the losses that a bank could bear amid...
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Reactions to DEALBOOK; Fed Revises Its Numbers On Stress Test For Citigroup
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