Deutsche Bank passes the American stress test
The US branch of Deutsche Bank has passed the US Federal Reserve stress test. All other financial institutions that were tested by the regulator also passed the annual inspection.
For the past three years, the Deutsche Bank unit did not pass the important exam. Two other banks, JPMorgan Chase and Capital One Financial, succeeded after they adjusted their proposals to distribute capital to shareholders. The American branch of Credit Suisse also had to adjust some plans.
JPMorgan Chase immediately announced that it would buy more than $ 29 billion in treasury shares and increase the dividend. Wells Fargo comes with a share buyback program of more than $ 23 billion and is also increasing its dividend. Morgan Stanley is increasing its purchase to 6 billion dollars and Citi is going to buy securities for around 17 billion dollars in addition to increasing its dividend. Goldman Sachs came with a purchase program of 7 billion dollars.