Deutsche Bank’s shares tumbled on Thursday after the International Monetary Fund branded it the riskiest globally significant bank, and one of its US businesses failed a Federal Reserve stress test.
In its annual review of the stability of the German financial sector, the IMF said that among globally important banks, Deutsche, which is highly interconnected with other financial institutions due to its investment and transaction banking units, “appears to be the most important net contributor to systemic risks, followed by HSBC and Credit Suisse”.
Deutsche, Credit Suisse and HSBC declined to comment on the report.
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