Tropical cyclone tracks (ECMWF/Ensemble).Forecast Ensemble Heatmaps (Up to 5 models, multiple runs, graph up to 16 days) EXTRA.Forecast Ensemble (Up to 5 models, multiple runs, graph up to 16 days).Forecast XL (Graph and table up to 10 days - choose your model).14 day forecast (ECMWF-IFS/EPS, graphs with ranges).Meteograms (Graph 3-5 days - choose your model).Weather overview (Next hours and days, 14 day forecast).The bank has said it is cooperating with investigators.Īll the 18 banks easily cleared the first portion of the Fed’s annual stress test last week, showing they would easily have enough capital to keep lending during a severe economic downturn. government probes into possible money laundering lapses. rivals have been hampered by litigation and regulatory investigations.ĭeutsche is currently facing U.S. However, Deutsche’s efforts to compete with U.S.
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The stress test outcome means that Deutsche is now free to make payments to its German parent without approval from the Fed, a restriction which was imposed following the stress test failure last year.ĭeutsche maintained a large presence on Wall Street after the 2007-2009 financial crisis, while Credit Suisse made big cuts. equities business shrunk to a skeleton operation, Reuters reported this month. Those plans are likely to see the bank’s U.S. The test results also show that JPMorgan and Capital One both had to pare back their capital plans, after initial plans submitted to the Fed showed that each would see capital levels drop below regulatory minimums under a severe economic downturn, according to a senior Fed official.ĭeutsche Bank’s passing grade reflected the significant progress the bank had made in addressing its weaknesses around capital planning, although some issues remain, according to a senior Fed official.ĭeutsche’s Sewing told investors at the annual shareholders’ meeting last month that the bank planned to make “tough cutbacks” at its investment bank to appease investors unhappy with its underperformance. The Fed said in a statement that the nation’s largest banks all have strong capital levels and “virtually all” are meeting supervisory expectations for capital planning. The Fed approved the capital plans of the 16 other banks that underwent this year’s test, which includes the nation’s largest lenders like JPMorgan Chase, Bank of America and Citigroup. The Fed said it had identified “weaknesses in the assumptions used by the firm to project stressed trading losses that raise concerns about the firm’s capital adequacy and capital planning process.” It gave no further detail. The Federal Reserve, meanwhile, ordered Credit Suisse to address weaknesses in its capital adequacy process by October, and restricted its capital distributions to last year’s levels until those weaknesses are addressed. Another failure would have further damaged confidence among clients and investors at a time when Chief Executive Christian Sewing is battling to turn around the bank, whose shares hit a record low this month. The Fed’s stamp of approval gives Deutsche a major boost as it works on a restructuring plan. They are designed to avoid the taxpayer bailouts prevalent in the 2007-2009 financial crisis. The tests assess whether it is safe for banks to implement their capital plans, including using extra capital for stock buybacks, dividends and other purposes beyond being a cushion against losses. The results provide a boost to the Wall Street operations of Deutsche Bank, Germany’s largest lender, which have been plagued by litigation, underperformance and regulatory investigations. operations after finding weaknesses in its capital planning processes. However, the Federal Reserve placed conditions on Credit Suisse’s U.S. central bank that measure banks’ ability to weather a major economic downturn. WASHINGTON/NEW YORK, June 27 (Reuters) - Deutsche Bank AG on Thursday passed an annual health check by the Federal Reserve, clearing a second hurdle at a critical time for the German lender in tests administered by the U.S.
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