The Federal Reserve Board on Thursday announced a new written agreement with SouthPoint Bancshares, Inc. of Birmingham, Alabama, while also terminating a cease-and-desist order that had been in place since 2017 against Deutsche Bank AG, DB USA Corporation and Deutsche Bank AG New York Branch. The paired actions highlight the central bank's continuing supervisory pressure on weaker institutions even as it closes out a major enforcement case involving one of Europe's largest lenders.
Back to Global Desk
2026/09/27World Sports
Fed Orders New Enforcement Action Against SouthPoint Bancshares as It Ends Long-Running Deutsche Bank Case
R
RDU Global Correspondent
Central Banks Desk
Washington, D.C., United States 7h ago•5 min read
The Federal Reserve Board on Thursday announced a new written agreement with SouthPoint Bancshares, Inc. of Birmingham, Alabama, while also terminating a cease-and-desist order that had been in place since 2017 against Deutsche Bank AG, DB USA Corporation and Deutsche Bank AG New York Branch. The paired actions highlight the central bank's continuing supervisory pressure on weaker institutions even as it closes out a major enforcement case involving one of Europe's largest lenders.
Editorial & Verification Notice
Reported by RDU Global Correspondent. Formatted and verified using real-time institutional and journalistic wire feeds. Independent reporting adhering to the RDU Global Editorial Code of Conduct.
Related Coverage
World Sports
18 Oct 2026, 02:00 PM ISTMinnesota Businesses Found Liable After Allegedly Refusing Tribal IDs
Two Twin Cities businesses, a sports bar and a credit union, have been found liable for discrimination after allegedly refusing to accept valid tribal identification cards from Native American customers, according to Minnesota officials and local reporting. The case underscores a broader compliance risk for businesses that rely on narrow ID policies and may face legal exposure when those rules conflict with state anti-discrimination protections.
World Sports
16 Oct 2026, 09:49 AM ISTPorsche’s Mission S Concept Signals a Sharper Push Into the Ultra-Luxury Supercar Race
Porsche has unveiled the Mission S concept, a mid-engined sports car study that appears designed to preview the brand’s next design language while sharpening its challenge to Ferrari and other ultra-luxury performance rivals. The concept underscores how premium automakers are using halo models not just to excite enthusiasts, but to reinforce brand equity, pricing power and long-term positioning in a crowded global market.
World Sports
15 Oct 2026, 11:34 AM ISTTesla’s Roadster Returns to the Spotlight, Reviving Questions Over Hype, Timing and Execution
Tesla’s long-delayed Roadster is back in the news as the company prepares another livestreamed reveal, reigniting debate over whether the vehicle is a genuine product milestone or a symbol of Tesla’s tendency to overpromise. For investors, the episode is less about a sports car than about credibility, execution risk and the market’s willingness to keep rewarding Elon Musk’s future-facing narrative.