Fed clears capital plans from 25 banks, rejects 5

The Federal Reserve approved the capital plans of 25 major banks but rejected proposals from five, including Citigroup. The decisions are part of the Fed's annual health check of big banks. "Looking more broadly at qualitative factors, the [Fed] is making the tests far more rigorous and demanding -- a good thing since capital models are complex and don't always stand up under real stress," said Karen Shaw Petrou of Federal Financial Analytics.

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