Deutsche Bank failed the stress test in the United States

Deutsche Bank провалил стресс-тест в США

This year a subsidiary of Deutsche Bank in the United States – the only one of the 35 proven fed banks passed the stress test.

Germany’s largest Bank Deutsche Bank failed in the United States the second part of the stress test conducted by the American Federal reserve system (FRS), which performs in the country functions of the Central Bank

About it reported in a press release from the Federal Agency, released on Thursday, June 28, after the close of U.S. trading.

It is noted that Deutsche Bank in the strategic planning and internal workflow is insufficiently prepared for crisis situations.

The fed found “widespread and serious deficiencies” in all planning models capital Bank, data processing, forecasting profits and losses and recommended that the financial institution to list “significant investment” on the reform of existing mechanisms.

The first part of the stress test, the results of which were published a week ago, Deutsche Bank, however, was successful. At that stage estimated reserves of capital in case of recession.

This year a subsidiary of Deutsche Bank in the United States – the only one of the 35 proven fed banks passed the stress test.

Previously, the Department of financial services (DFS) of the state of new York has fined Deutsche Bank for $205 million the Reason was “violating the laws, unsafe and unreasonable conduct” in foreign exchange transactions.

Source: Russian service of Deutsche Welle

News from the Reporter.net Telegram. Subscribe to our channel https://t.me/korrespondentnet

Source