Santander, Deutsche Bank U.S. units fail Fed bank stress tests

Santander, Deutsche Bank U.S. units fail Fed bank stress tests

Investing.com – Deutsche Bank (DE:DBKGn) and Santander’s U.S. units have failed Federal Reserve stress tests.
Santander (MC:SAN)'s U.S. bank is the first to fail the test three years in a row.
Both banks failed due to poor risk management and financial planning, not a lack of capital.
Santander said it is fixing the problems and is already preparing for next year’s test.
The Spanish lender may sell its U.S. banking operations, which have 670 branches and 9,800 employees.


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