Fed Stress Tests: All but Ally Financial pass.

Eighteen major banks have passed the Fed's stress tests, showing they'd have a Tier 1 Common Ratio of over 5% in the central bank's "severely adverse" economic scenario. That includes GDP slumping 5%, unemployment of 12%, a 50% fall in stocks and recessions overseas. Only Ally Financial failed, while Citigroup (C) came out as the most overcapitalized of the largest banks with an 8.3% common ratio. The bank has requested permission for a $1.2B share buyback and the maintenance of its $0.01 dividend.