Deutsche Bank only passed European Central Bank health test by bending rules
Europe's banking watchdog bent the rules to give troubled lender Deutsche Bank an easy ride, it is claimed.
The German firm was given a pass in an European Central Bank stress test in July – providing temporary respite amid concerns about its future.
Deutsche has since used the test, designed to examine how institutions would fare in another major downturn, as evidence of its good health. But a footnote reveals that the results included £3.2billion raised from a sale which has still not gone through.
Critics claimed this artificially inflated Deutsche's balance sheet and was fresh evidence... read more
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