U.S. operations of Deutsche Bank and Santander have again failed the Federal Reserve's stress test, leaving them unable to send cash back to their European parents and drawing a rebuke from regulators. The results leave Santander Holdings USA with the dubious honor of being the only lender to have failed the tests three years running, while Deutsche Bank Trust Corp tallied up its second failure in a row. Market support for the lenders was already fragile following Britain's decision to leave the EU and the two banks shares reacted predictably to the U.S.
Deutsche Bank, Santander Fall After Another Fed Test Failure
twocents@thestreet.com (Paul Whitfield), The Street
Thu, 06/30/2016 - 2:56am
Topics: federal reserve european market the fed morgan stanley deutsche bank trust db usa july bill woodley spanish santander bank na santander consumer usa the u.s scott powell ana botin in january shares u.k.'s brexit britain's no british london db banking deutsche bank santander eu holdings deutsche deutsche bank trust corp britain u.s db click fall test failure capital year unit lenders tests financial results operates banks failed operations cash parents ability improve lender foreign limited decision stress making leave years operation investment fell economic risk earnings statement systems order chief planning units large
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