![BNP Paribasâ leverage ratio is in line with US peers](https://assets.fnlondon.com/2016/11/IMG013692_full4x3.jpg)
The Federal Reserve has released the first full set of financials for European banks’ US operations. They don’t look pretty.
At Deutsche Bank both capital and profitability look to be a problem, while Barclays and UBS appear undercapitalised. Profitability was disappointing or nonexistent at BNP and Credit Suisse in the first nine months of 2016.