Morning Scan: Apple Pay Takes Flak for Fraud; How Useful Are Fed Str...

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Taking Stock of the Stress Tests: All 31 banks subject to the Federal Reserve's stress tests had enough capital to survive the central bank's crisis scenario, but many in the media say this may not be the most reliable indicator of how banks would manage in a real recession. The problem is it's hard to predict what a crisis will actually look like, Stanford finance and economics professor Anat Admati tells the...