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Banks unleash surprisingly big payouts after passing Fed's stress tests

JPMorgan Chase & Co, Citigroup and Bank of America led the move while Capital One was the lone bank to stumble through the exam

The annual review is a cornerstone of the Fed's strategy to prevent a repeat of the financial crisis and taxpayer-funded bailouts.

New York

THE Federal Reserve told big banks they have more than enough capital, and they promptly announced a windfall for their shareholders.

JPMorgan Chase & Co, Citigroup Inc and Bank of America Corp led US firms in unveiling plans to boost dividends and stock buybacks more...

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