Federal Reserve says will be more open about 'stress tests': GAO report

The Federal Reserve will be more open with Wall Street about how it conducts its annual "stress tests" of the largest U.S. banks, the central bank said on Tuesday. The Fed made the promise at the conclusion of an independent, two-year study of how the central bank examines a few dozen of the largest firms on Wall Street. Specifically, the Fed promised to be more open about "the qualitative assessment process (and) detailing its reasons for decisions to object to specific firms' capital plans," t