Deutsche Bank fails CCAR; Goldman and Morgan Stanley scrape by

DB USA hit with qualitative fail, while Goldman and Morgan Stanley face dividend and buyback freeze

Deutsche Bank (DB) USA failed the latest round of the Federal Reserve’s annual stress tests, while Goldman Sachs, Morgan Stanley and State Street were handed conditional passes that will limit their capital distributions in upcoming quarters.

The US operations of Deutsche Bank flunked the Fed’s Comprehensive Capital Analysis and Review (CCAR) on qualitative grounds, as a result of “widespread and critical deficiencies across the firm’s capital-planning practices”. This was despite DB USA acing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here