Bloomberg Big banks cleared the first hurdle of this year’s US stress tests as the Federal Reserve found all 35 lenders examined could withstand a severe economic downturn, though Goldman Sachs Group Inc. trailed the rest of Wall Street in a key measure of leverage. The results announced mark the third straight year every bank exceeded the Fed’s minimum capital ...

Bloomberg An ex-Deutsche Bank AG banker told a Milan court that the controversial Santorini transaction signed with Banca Monte dei Paschi di Siena SpA was a risky deal for the German bank and was properly accounted for by the Italian lender, challenging the prosecution’s case. Marco Veroni, the first Deutsche Bank defendant questioned by prosecutors at the Milan trial, disputed ...

Bloomberg Mark Carney’s Bank of England has new powers that allow it to raise a war chest of more than 750 billion pounds ($1 trillion) — without permission or protection from the government. Under a new financial framework, the bank could unilaterally lend more than that amount if it needs to step into action to keep the banking system — ...