Economy

Morgan Stanley clears stress test on second try

By Joseph Lawler
Published March 2, 2017 10:41pm ET
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Morgan Stanley clears stress test on second try
The bank is clear of the annual test imposed by regulators to try to ensure the safety of the financial system. (AP Photo/Richard Drew, File) | Richard Drew

The only U.S. megabank to stumble in last year’s round of stress tests has now cleared them, the Federal Reserve announced Thursday.

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