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US banks flex capital muscles in annual Fed stress test

But results don't indicate if banks can use more capital for dividends and stock buybacks

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NEGATIVE RATE FALLOUT: Wells Fargo improved less than Citi (which racked up big gains), possibly because it relies more on consumer deposits for funding.

Washington

BIG US banks are proving themselves to be stronger and sounder in an annual regulatory stress test, even as the Federal Reserve changes doomsday scenarios to keep them on their toes.

On Thursday, the Fed said each of the 33 US banks that underwent its standardised stress