The Federal Reserve, preparing to embark on its latest round of so-called stress tests, released the details Friday of three economic scenarios it will use to judge the health of the nation's largest lenders. The scenarios range from mild to calamitous, with the most extreme including a 5% decline in gross domestic product, an unemployment rate of 12% and a volatile stock market which loses half its value. In the Fed's worst-case hypothetical, the damage extends internationally. The eurozone plunges into recession, and a sharp slowdown in China spills into neighboring countries. The stress tests are mandated by ... (full story)