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Stock Market & Financial Investment News

News Breaks
February 11, 2014
06:09 EDTBCS, DBVirgin America said to pick Barclays, Deutsche Bank for IPO, FT reports
Virgin America, the carrier launched by Sir Richard Branson, has reportedly selected Barclays (BCS) and Deutsche Bank (DB) to lead an IPO that could come as early as the second half of this year, the Financial Times reports. Reference Link
News For BCS;DB From The Last 14 Days
Check below for free stories on BCS;DB the last two weeks.
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August 1, 2014
10:00 EDTBCSOn The Fly: Analyst Upgrade Summary
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06:19 EDTBCSBarclays upgraded to Hold from Sell at Berenberg
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July 30, 2014
06:41 EDTBCSBarclays reduced 5K jobs so far in 2014, Reuters says
Barclays has reduced its staff members by 5K so far in 2014 as part of its strategy to streamline the firm and cut areas that are unprofitable, leaving the bank with fewer employees than at any other point since seven years ago, according to Reuters, citing comments from the bank's finance director Tushar Morzaria on the company's Q2 earnings conference call. Reference Link
05:52 EDTBCSBarclays reports 1H adjusted profit GBP 1.76B vs. GBP 2.06B last year
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July 29, 2014
14:18 EDTDB, BCSNY regulator seeks monitors in Deutsche Bank, Barclays, WSJ says
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06:58 EDTBCSInvestor sues Barclays regarding 'dark pool' trading, Reuters says
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05:33 EDTDBDeutsche Bank reports Q2 net income EU 238M vs. EU 335M last year
Reports Q2 revenue EU 7.89B vs. EU 8.22B last year. Reports Common Equity Tier 1 ratio of 11.5% on a fully loaded Capital. Deutsche said its provision for credit losses declined 47% in Q2 to EU 250M compared to last year.
July 28, 2014
07:44 EDTDBInvestors looking for signs of Deutsche leveraging synergies, WSJ says
When Deutsche Bank reports its second quarter results Tuesday, investors will be looking for progress on the bank's stated goal of getting its investment bank and wealth-management business to work more to each other's benefit, said The Wall Street Journal. Reference Link
06:55 EDTBCSBarclays may reval GBP30B reduction in "bad bank," London Times reports
Barclays may reveal on Wednesday with its earnings report that it has reduced the size of its "bad bank" by as much as GBP30B, the London Times reports. Barclays previously said it looked to slash the size of the unit to about GBP80B by the end of the year. Reference Link
July 25, 2014
17:05 EDTDBHSBC, Deutsche Bank sued over manipulation of silver prices, Reuters reports
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06:40 EDTDB, BCSLoan write down standards changed for non-U.S. banks, NY Times says
A new accounting rule will enable banks outside of the U.S. to write down the value of loans earlier but could cause loans to become less attractive for those banks, according to The New York Times. The rule was issued by the International Accounting Standards Board, whose guidelines are followed in more than 100 countries but not in America, the newspaper stated. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).Reference Link
July 24, 2014
10:46 EDTBCSBarclays files motion to dismiss lawsuit over dark pool, NY Times reports
Barclays filed a motion to dismiss a lawsuit from the NY State attorney general that accused the bank of lying to customers on its private stock market, reports the New York Times. The bank said its customers were sophisticated enough to understand that "glossy marketing brochures" do not reflect its actual composition. Reference Link
08:25 EDTDBDeutsche ability to pass U.S. stress tests questioned after warning, FT says
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08:20 EDTDBDeutsche Bank CFO faces internal criticism over reporting, WSJ says
U.S. authorities have expressed serious concerns about Deutsche Bank's financial data, it has recently come to light, but the bank's CFO Stefan Krause has also faced criticism from within the organization about the issues, say people familiar with the discussions, reported The Wall Street Journal. Reference Link
July 22, 2014
15:32 EDTDBNY Fed said Deutsche Bank U.S. unit reports 'inaccurate, unreliable,' WSJ says
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07:31 EDTDB, BCSSenate Homeland Security & Government Affairs Committee to hold a hearing
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07:16 EDTBCSBarclays plunges from 2nd to 12th in U.S. dark pool ranks after suit, FT says
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July 21, 2014
08:11 EDTBCSWarnings sounded over Barclays dark pool months before NY AG, WSJ says
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July 18, 2014
11:21 EDTBCSBritish antitrust regulator to investigate country's banks, NY Times reports
The U.K.'s antitrust authorities said they expected to open a formal investigation into Britain's retail banking industry, reports the New York Times. The regulators cited barriers to competition that include control of a national network of branches by four large banks that control more than three-quarters of the market. Reference Link
06:26 EDTDBMetro hires Deutsche to guide on consumer-electronics unit, Bloomberg says
Metro (MTTRY) hired Deutsche Bank (DB) to examine options for its consumer-electronics unit, according to Bloomberg, citing two people with direct knowledge of the matter. The sources said that alternatives may include a sale, spinoff or IPO of the Media-Saturn division. Reference Link

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