Jun
29
U.S. Banks Beat Fed’s Test as Deutsche Bank, Santander Fail Anew
By-
Morgan Stanley gets conditional approval, 30 other firms pass
-
Deutsche Bank, Santander units fail on ‘broad’ weaknesses
Federal Reserve officials cleared dozens of U.S. banks to boost shareholder payouts after conducting annual stress tests that proved too rigorous, again, for subsidiaries of Deutsche Bank AG and Banco Santander SA.
JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and 27 other firms with major U.S. operations passed the exam Wednesday, with many unveiling plans to distribute more capital through dividends and stock buybacks. Even Morgan Stanley, which must shore up internal systems before the Fed issues a final verdict, got conditional permission to boost its dividend 33 percent…
U.S. Banks Beat Fed’s Test as Deutsche Bank, Santander Fail Anew
