Federal Reserve releases scenarios for 2016 bank stress tests

By Lisa Lambert and David Henry WASHINGTON (Reuters) - Large financial firms will have to show how they would survive a "severely adverse scenario", including a global recession where U.S. unemployment shoots up to 10 percent and short-term U.S. Treasuries pay negative yields, in this year's bank stress tests, the Federal Reserve said on Thursday. In the annual testing of stability, the Fed, the U.S. central bank, presents three scenarios for firms such as Bank of America and Goldman Sachs to sh