• Contact
  • Feedback
Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Foreign news: UK banks stress test, Deutsche raided

30 November 2018 5:05PM
All seven British banks and building societies - HSBC, Barclays, Lloyds, Santander UK, Royal Bank of Scotland, Nationwide Building Society and Standard Chartered - passed this year's Bank of England stress test, Reuters reports. This is despite having a more severe set of hypothetical downturns, which indicated they could withstand a disorderly Brexit without having to curb lending. The test assumed deep, theoretical domestic and global economic crashes happening at the same time, along with potentially hefty costs for misconduct. Deutsche Bank offices in Frankfurt have been raided by about 170 investigators as part of a broad criminal search into alleged money laundering, targeting two Deutsche employees, the FT reports. The investigation was triggered by the so-called Panama Papers and "offshore leaks" disclosures, where millions of records detailing the use of tax havens to shield wealth were passed to an international consortium of journalists. Authorities said at the core of the new German investigation is a Deutsche unit based in the British Virgin Islands. In 2016 alone, it dealt with more than 900 clients and processed €311 million, according to prosecutors.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use