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Stock Market & Financial Investment News

News Breaks
June 25, 2014
06:38 EDTBNPQY, DB, UNCFF, CRARYPotential 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
Check below for free stories on BNPQY;DB;UNCFF;CRARY the last two weeks.
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September 19, 2014
07:08 EDTBNPQYBNP appoints former U.S. Treasury official to compliance unit, Reuters says
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September 18, 2014
07:52 EDTDBUBS Chair says litigation bigger worry than stress test, Bloomberg reports
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06:39 EDTDBEuropean banks take out EUR83B of loans from central bank, NY Times says
European banks agreed to take out EUR83B in low interest loans from the European Central Bank, as part of a program in which all of the funds must be loaned to businesses or individuals, or repaid to the central bank within two years, according to The New York Times. Several analysts had said that they would be disappointed if banks took out less than EUR100B in loans, but a number of analysts said that a second round of the program, due to occur in December after stress tests have been completed, may be more popular, 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
September 16, 2014
14:44 EDTDBVirginia AG files $1.15B lawsuit against banks that sold RMBS during crisis
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September 15, 2014
07:49 EDTDB, BNPQYDOJ, FBI 'flip' bank informants as part of forex probe, WSJ says
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September 11, 2014
06:27 EDTCRARYCredit Agricole to reach sanctions probe accord soon, Bloomberg says
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September 10, 2014
06:23 EDTUNCFFUniCredit head sees loan project completion by end of FY14, Reuters says
Unicredit (UNCFF) CEO Federico Ghizzoni is anticipating a restructured loans project having to do with domestic competitor Intesa Sanpaolo (ISNPY) and KKR (KKR) to be finished by the end of FY14, according to Reuters, citing comments from Ghizzoni. Reference Link
September 8, 2014
07:29 EDTDBNYSSA to hold a discussion
Russian and Central & Eastern European Capital Markets will be discussed at the NYSSA New York Conference Center on September 8 at 6 pm.
06:24 EDTBNPQYBNP cuts Trafigura Beheer commodity-trade finance, Bloomberg says
BNP Paribas is reducing Trafigura Beheer's commodity-trade finance, according to Bloomberg, citing two people with knowledge of the matter. The sources noted that Trafigura executives have approached other firms to talk about BNP's exit. Reference Link

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