Bloomberg Federal Reserve officials cleared dozens of US banks to boost shareholder payouts after conducting annual stress tests that proved too rigorous, again, for subsidiaries of Deutsche Bank AG and Banco Santander SA. JPMorgan Chase & Co, Citigroup Inc, Bank of America Corp and 27 other firms with major US operations passed the exam on Wednesday, with many unveiling …

  Bloomberg Deutsche Bank AG, which runs Europe’s biggest investment bank, may be the biggest contributor to systemic risk among the largest lenders, according to the International Monetary Fund. Deutsche Bank “appears to be the most important net contributor to systemic risks” among global systemically important banks, or G-SIBs, the Washington-based IMF said. HSBC Holdings Plc and Credit Suisse Group …

  Bloomberg Optimism that a devaluation of Nigeria’s naira would breathe life into the country’s banking stocks faded almost as quickly as it started. The central bank’s abandoning of a 16-month currency peg was greeted with a world-beating rally in the nation’s shares on expectations foreign investors would return to Africa’s largest economy. It didn’t last, with all but two …