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June 25, 2014
06:38 EDTUNCFF, DB, CRARY, BNPQYPotential penalty against BNP Paribas worries other European banks, WSJ says
A potential penalty of $9B against BNP Paribas (BNPQY) is causing fear and worry for other European banks who are also under investigation for doing business in countries subject to U.S. sanctions, reports the Wall Street Journal. According to industry officials, some at Deutsche Bank (DB), UniCredit (UNCFF) and Credit Agricole (CRARY) are now bracing for larger than expected penalties to resolve investigations into alleged violations. Reference Link
News For BNPQY;DB;UNCFF;CRARY From The Last 14 Days
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October 2, 2015
14:54 EDTBNPQYBNP Paribas management to meet with JPMorgan
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October 1, 2015
14:14 EDTDBDeutsche Bank upgraded to Market Perform from Underperform at Keefe Bruyette
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09:04 EDTDBRREF Property Trust expands portfolio with student housing acquisition
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08:00 EDTDBSecurity Traders Association to hold a conference
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05:57 EDTUNCFFUniCredit appoints Bernardo Migrone as group CFO, effective today
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September 30, 2015
18:21 EDTBNPQYGeneral Electric confirms sale of railcar services to Wells Fargo
General Electric (GE) confirmed that it has reached separate agreements to sell its tank car fleet assets and railcar repair facilities to Marmon Holdings and its remaining railcar leasing business, General Electric Railcar Services to Wells Fargo (WFC). Terms of the transactions are not being disclosed. "We expect to be substantially done with our exit strategy [to sell most of the assets of GE Capital] by the end of 2016," noted GE Capital chairman and CEO Keith Sherin. "GE and its board of directors have determined that market conditions are favorable to pursue disposition of these assets. GE Capital will retain the financing 'verticals' that relate to GE's industrial businesses," the company noted. The sale of the tank car assets is effective immediately and closed Wednesday. The sale of the railcar repair facilities is expected to close in Q4. The sale of the remaining railcar leasing business is expected to close by the end of 1Q16. When completed, the rail transactions, which represent about $4B of ending net investment, will contribute approximately $1.3B of capital to the overall target of approximately $35B of dividends expected to GE under this plan. The company also noted that the completion of the sale of GE's European fleet businesses to Arval, a fully owned subsidiary of BNP Paribas (BNPQY), is expected to close in Q4.
September 29, 2015
12:12 EDTDB, BNPQYAB InBev taps BofA, Santander for SABMiller offer financing, Bloomberg says
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September 28, 2015
18:45 EDTDBAnalyst predicts Deutsche Bank will cut 10K jobs, Telegraph says
JP Morgan analyst Kian Abouhossein believes Deutsche Bank CEO John Cryan will announce plans to "cut expenses at the bank by at least EURO$2.5B by 2018, chop 10,000 staff and cut back on 10,000 of the external consultants paid for by the group," according to the Telegraph. Reference Link
06:20 EDTDBCOMCO probing UBS, Julius Baer for metals market price fixing, AFP reports
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September 27, 2015
20:24 EDTUNCFFUniCredit to sell $1.3B of underperforming loans to AnaCap, Bloomberg says
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September 25, 2015
09:12 EDTCRARYBank of France removes Volkswagen securities from buy list, Bloomberg says
The Bank of France has cut two notes secured by Volkswagen (VLKAY) auto loans from a list of asset-backed debt it's looking to buy, Bloomberg reports, citing two people familiar with the matter. The Volkswagen-related securities were not listed Friday after being included in the original list sent to investors earlier this week, the report says. One of the two bonds backed by Credit Agricole (CRARY) consumer loans was also cut, the report says. Reference Link
September 20, 2015
18:47 EDTDBBlackstone to announce Intertrust IPO, Bloomberg says
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