Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules

US Fed says large banks well-positioned to weather hypothetical downturn, several raise dividends

The U.S. Federal Reserve said on Wednesday that 32 of the ​nation’s largest banks are well-positioned to weather a severe economic downturn and continue lending, ⁠as firms could absorb over $700 billion in hypothetical…