The headquarters of Deutsche Bank is pictured in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski
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Deutsche Bank investors took a largely long view on its failure in this year's U.S. stress tests, with its shares recovering on Friday from a record low hit earlier this week.Goldman Sachs analysts said the U.S. Federal Reserve's issues with Deutsche Bank were "long standing" and "not new," while UBS said the failure was "not a total surprise". The Fed last year classified Deutsche Bank's U.S. unit as troubled and Deutsche Bank's shares had been falling in anticipation of the stress test verdict Thursday.The Fed, which regularly checks banks' financial strength, cited "widespread and critical deficiencies" in Deutsche Bank's capital planning controls.Deutsche Bank will now need to obtain the Fed's permission before making capital payouts to its German parent.
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