The Federal Reserve said all major banks passed this year’s stress tests, showing they can withstand a hypothetical severe economic downturn

The Federal Reserve said Monday it will no longer consider reputation risk as part of its bank exams. The central bank said it has started the process of reviewing references to reputation risk in its supervisory materials and replacing them,

All the major banks passed the Federal Reserve’s annual “stress tests” of the financial system, the central bank said Friday, but the test conducted by the central bank was notably less vigorous than it had been in previous years.