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Stock Market & Financial Investment News

News Breaks
May 5, 2014
06:23 EDTCS, BCS, UBSBarclays, Credit Suisse face legal issues, banker resignations, Bloomberg says
Barclays (BCS) Credit Suisse (CS) and UBS (UBS) will be questioned this week regarding key bankers resignations, legal woes and their efforts to increase profitability, according to Bloomberg, citing people familiar with the matter. Last week, Barclays lost three key bankers in the U.S. and Asia, Credit Suisse is dealing with possible U.S. criminal charges over its role in helping Americans avoid paying taxes and analysts' estimates indicate that UBS is falling short of profit targets. Reference Link
News For BCS;CS;UBS From The Last 14 Days
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September 3, 2015
09:11 EDTUBS, CS, BCSEurope has to wait at least five years before bank consolidation, Reuters says
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September 2, 2015
06:38 EDTBCSMorgan Stanley poaches two brokers from Citigroup, Reuters reports
Morgan Stanley (MS) has poached two brokers from Citigroup's (C) private banking unit, William Goettert and John Entenberg, who managed $1B in client assets and have a combined $5M in production, Reuters reports. Additionally, Morgan Stanley has hired Louis Greif from Barclays' (BCS) U.S. wealth and investment management unit. Reference Link
September 1, 2015
19:36 EDTUBSUBS settles lawsuit related to sale of risky securities, BI says
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August 31, 2015
06:35 EDTBCS, CSCiti plans to rebuild equities franchise, Reuters reports
Citigroup (C) is planning to rebuild its equities franchise in an effort to capitalize on a retrenchment by rivals in the face of new rules created to make the financial system less risky, Reuters reports, citing people familiar with the bank's plans. It may be tough to overcome leaders such as Goldman Sachs (GS), Morgan Stanley (MS), and JPMorgan Chase (JPM), that have long dominated the sector, the report says. Citi is aiming to profit from a retreat of rivals slow to adapt new rules forcing banks to keep more capital, the report says. Deutsche Bank (DB), Credit Suisse (CS), and Barclays (BCS) are among others rebuilding their investment banking businesses, the report adds. Reference Link
06:10 EDTBCS, UBS, CSBanks lobby EU over privacy rules overhaul, FT reports
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August 27, 2015
18:02 EDTUBSU.S. may prohibit Deutsche Bank, others from managing pensions, Bloomberg says
In correspondence dated mid-July, the U.S. Labor Department tentatively rejected requests from Deutsche Bank (DB), UBS (UBS), RBS (RBS) to manage U.S. pension funds, reports Bloomberg, citing letters between the organizations. Bloomberg notes that the Department could use the "threat of denial" to mandate stricter conditions on pension management. Reference Link
07:57 EDTBCSPlatts to hold a conference
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06:23 EDTUBS, CSGoldman hiring 'several hundred' employees for Warsaw units, Reuters reports
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06:13 EDTBCSJudge throws out HFT suit against Barclays, exchanges, FT reports
A U.S. judge has dismissed investor lawsuits against Barclays and certain U.S. exchanges alleging that the bank rigged its "dark pool" trading venue in favor of high-frequency traders, the Financial Times reports. The judge ruled that the plaintiffs did not claim any actions meeting the definition of "manipulative acts," the report says. Reference Link
August 21, 2015
08:40 EDTCSCanadian Security Traders Association to hold a conference
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August 20, 2015
06:07 EDTCSSamsung Bioepis picks Citi, Goldman as lead managers for IPO, Reuters says
Samsung Bioepis has selected Citigroup (C) and Goldman Sachs (GS) as the lead managers for its planned listening on Nasdaq next year, a source tells Reuters. Morgan Stanley (MS) and Credit Suisse (CS) will also take part in the listing for Samsung's (SSNLF) biosimilar drug development arm, the source says. Reference Link

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