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Bankers spared at G20 session

<p>The Fed has been probing major financial firms’ exposure to BP to ensure that if the oil giant buckles under the costs of the Gulf oil spill, it won’t put Wall Street or the global financial system at risk.</p>

The Fed has been probing major financial firms’ exposure to BP to ensure that if the oil giant buckles under the costs of the Gulf oil spill, it won’t put Wall Street or the global financial system at risk. “The Fed gave banks’ exposure to BP a passing grade,” according to a Reuters source.