Santander Fails U.S. Stress Test for Third Straight Year
Thursday, June 30, 2016
The U.S. units of Deutsche Bank and Santander have failed the U.S. stress test again this year.
For Santander, this is the 3rd year in a row the bank has failed the test. The Fed reports that both banks failed because of poor risk management and financial planning, not lack of capital.
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