US Banks Pass Federal Reserve Stress Test, But Deutsche Bank, Santander Holdings Fail, Again

The U.S. Federal Reserve said Wednesday that the nation’s largest banks appear to have the financial muscle to withstand ugly economic scenarios, like a housing market crash or double-digit unemployment.

But two banks — Deutsche Bank and Santander Holdings — failed the Fed’s annual stress test. Both failed the tests last year and Santander has become the first bank to fail it for three consecutive years.