Good morning! Here are the 10 most important things you need to know in markets today. Santander and Deutsche Bank’s US arms failed their stress tests. These banks will have to address deficiencies in capital planning processes, including governance and risk management. In the US, Bank of America earned a conditional pass for its capital plan, meaning it must re-submit an improved plan by the end of September. The Fed’s statement said Bank of America has to “address certain weaknesses in its capital planning processes.” Eurozone industrial production is out at 10 a.m. GMT (6 a.m. ET). Economists are …read more
Source: Business Insider
