Deutsche Bank received 'special treatment' in EU stress tests - report
Published 10/10/2016 | 11:56
Europe's biggest bank Deutsche Bank received 'special treatment' during the EU summer stress tests, it is understood.
According to a report in the Financial Times, Deutsche's results included the $4bn intake the bank received from the sale of its stake in Hua Xia.
However, the deal for the Chinese lender had not been completed by the end of 2015, which was the deadline for transactions to be included in the tests.
The stress tests were carried out in a bid to restore confidence in Europe's banks.
The German lender has used the stress test results since then to demonstrate the strength of its finances. The news comes after shares in the bank plummeted off the back of fears it could receive a fine of up to $14bn from the US.
The Financial Times reports the bank was granted a special concession, agreed by its supervisor the European Central Bank, to allow the Hua Xia deal, which has still not been completed, to be allowed in the tests.
The treatment of the deal was included in the footnotes of Deutche's results, however it was the only bank of 50 to have such a note.