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Bank Stress Tests Prove the Worst History Repeats Itself
Two out of 31 big banks failed the Fed's bank stress tests. One was Deutsche Bank AG (USA) (NYSE: DB), and the other was Santander Holdings USA Inc (NYSE: SOV-C).
But Santander's biggest U.S. unit manage to sell a boatload of subprime auto loans - worth $712 million.
Two out of 31 big banks failed the Fed's bank stress tests. One was Deutsche Bank AG (USA) (NYSE: DB), and the other was Santander Holdings USA Inc (NYSE: SOV-C).
But Santander's biggest U.S. unit manage to sell a boatload of subprime auto loans - worth $712 million.