Some of Wall Street's biggest banks are set to increase dividends to their highest levels in years - meaning some will pay out as much as 100% of their earnings - after passing the latest stress tests set by the US' central bank, write Liz Hoffman and Ryan Tracy for The Wall Street Journal.

The Federal Reserve approved capital plans for all 34 firms taking part in its annual stress test. It is the first time since testing began in 2011 that all firms passed, marking a turning point for large financial institutions that have been heavily regulated since the financial crisis.