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American "daughter" of Deutsche Bank fell into the list of troubled banks in the US

31.05.2018
Finance, Germany, USA

The Federal Deposit Insurance Corporation (FDIC) has contributed the US subsidiary Deutsche Bank (Deutsche Bank Trust Company Americas, DBTCA) to the list of banks with serious threats to financial solvency.
This is written by The Financial Times (FT). The bank's assets are more than $ 42.1 billion.

According to FDIC statistics, which the FT leads, in the first quarter of 2018 the number of troubled banks in the US declined from 95 to 92. However, the total assets owned by them during this period increased from $ 13.9 billion to $ 56.4 billion. Although the names of banks are not are given by the federal agency, FT notes that the value of assets has increased by approximately the same amount as the assets of the American "daughter" Deutsche Bank (DB). A source familiar with the situation confirmed that the reason for this was the inclusion in the DB list in place of the excluded financial institutions.

The FDIC declined to comment on this message, noting that it does not disclose the names of banks, fearing a possible deterioration in their situation. The DB also refused to comment. At the same time, the company noted that its ultimate owner Deutsche Bank AG has good liquidity reserves and does not experience any problems with assets. In the parent company, commenting on the introduction of the "daughter" in the list, noted that they pay "special attention to the elimination of identified shortcomings in operating activities in the United States."

The list of troubled US banks, compiled by the FDIC, as the FT notes, serves as an indicator of the state of the banking system of the United States. At the height of the global financial crisis in 2009, the number of banks on this list reached 884. The rating, based on which the list is drawn up, is maintained by a group of experts. In the event that a bank that is on the list fails to cope with the problems on time, the FDIC can take over the management of its activities.

The modern and detailed catalog of all companies and organizations in all US states: http://all-usa.org/