All big US banks but one pass stress tests

New York

ALL but one of the US's largest banks earned an unconditional passing grade from federal regulators on their annual stress tests, which measure their preparedness to weather a financial crisis.

The one US-based institution that did not pass unconditionally was Morgan Stanley, a Wall Street bank that has been struggling to regain its footing after the financial crisis of 2008. Regulators raised concerns over the company's internal controls and processes.