Deutsche Bank’s US operations fail 2nd leg of Fed stress tests — everyone else passes

REUTERS/Kai Pfaffenbach

• Deutsche Bank's US subsidiary failed the second part of the Fed's annual stress tests due to "material weaknesses" in its data capabilities and capital planning controls.
• It was another blow for the German lender, whose financial health globally has been under intense scrutiny in recent months.

WASHINGTON (Reuters) - Deutsche Bank AG's U.S. subsidiary failed on Thursday the second part of the U.S. Federal Reserve's annual stress tests due to "material weaknesses" in its data capabilities and capital planning controls.

The Fed board's unanimous objection to Deutsche Bank's U.S. capital plan marks another blow for the German lender, whose financial health globally has been under intense scrutiny in recent months.See the rest of the story at Business Insider

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