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    Deutsche Bank Fails Federal Reserve Stress Test

    The German lender was the only bank to outright fail its second test, which evaluates specific weaknesses in financial institutions with major U.S. operations. While the Fed called out “material weaknesses” in its planning, Deutsche Bank said the result won’t affect capital actions. Meanwhile, The New York Times noted that Justice Anthony Kennedy’s son headed the bank’s real estate business during a time when it was the only lender willing to work with President Donald Trump, calling into question the relationship between the two families and the timing of Kennedy’s retirement.

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