Deutsche Bank Has Control Over Your American Home in 2020 But Failed the Stress Test Audit

The audit found serious weaknesses and raised doubts about whether Deutsche Bank would reach a stress test score indicating that it is deemed well-managed.


As we learn that mortgage eNotes are booming in 2020, we also were shocked to read that Deutsche Bank is the gatekeeper of eNotes. A German Bank that is so corrupt it has paid over $18B in fines since 2008, the Great Recession.  And now the latest stress test results show Deutsche Bank is failing miserably.

Deutsche Bank criticised in internal N.Y. Fed audit: German newspaper

FRANKFURT (Reuters) – Deutsche Bank’s <DBKGn.DE> regulators in the United States have criticised the German lender in an internal audit for weaknesses in fighting money laundering and in risk management, according to a German newspaper on Wednesday.

The Sueddeutsche Zeitung said the bank has 90 days to respond to the audit, which was sent to Deutsche management at the end of March.

Deutsche Bank declined to comment and the Federal Reserve Bank of New York didn’t immediately respond to a request for comment.

Deutsche Bank, which has posted five consecutive years of losses and is undergoing major restructuring, has faced harsh criticism from regulators in the United State in past years.

The audit results cited by the Sueddeutsche are a setback for Deutsche, which last year passed both parts of the Fed’s stress tests for the first time.

The bank’s chief executive, Christian Sewing, said in a speech published on Tuesday that the bank had made progress in improving its controls but had room for improvement.

“We must continue to improve here and to invest in our processes – in close contact with our regulators,” he said.

According to the Sueddeutsche, the audit found “serious weaknesses” and raised doubts about whether Deutsche would reach a score indicating that it is deemed well-managed.

Deutsche Bank and Altisource: Changin’ Locks, Doin’ Homeowners Dirty in the District of Maryland

Incredibly, Altisource for Deutsche Bank contacted Pepco Electric and had the power company change the account into the name of Altisource.

Counsel for Client Campos Grilled Over Another Frivolous Foreclosure Defense Lawsuit

Plaintiff’s counsel Juan Angel Guerra asked by judge why he should not be sanctioned for filing a meritless foreclosure defense lawsuit.

Snr Judge Kenneth Hoyt Closes Out Rosalie Connor’s Foreclosure Case in Favor of PHH Mortgage Corp.

Although plaintiff is representing herself in S.D. Tex. without the guidance of a licensed attorney, we see no reason to appoint one here.

Deutsche Bank Has Control Over Your American Home in 2020 But Failed the Stress Test Audit
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Laws In Texas is a blog about the Financial Crisis and how the banks and government are colluding against the citizens and homeowners of the State of Texas and relying on a system of #FakeDocs and post-crisis legal precedents, specially created by the Court of Appeals for the Fifth Circuit to foreclose on homeowners around this great State. We are not lawyers. We do not offer legal advice. We are citizens of the State of Texas who have spent a decade in the court system in Texas and have been party to during this period to the good, the bad and the very ugly.

Donate to LawsInTexas. Make a Difference.

Subscribe to Our Newsletter

We keep your data private and share your data only with third parties that make this service possible. See our Privacy Policy for more information.

© 2020-21 LawInTexas com is an online trading name which is wholly owned by Blogger Inc., a nonprofit 501(c)(3) registered in Delaware. | All Rights Reserved.

To Top