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Stock Market & Financial Investment News

News Breaks
March 24, 2014
07:17 EDTBCS, DB, RBS, HSBC, LYG, BNPQYBNP chief sees investment banker pay to fall, FT reports
Jean-Laurent Bonnafé, CEO of BNP Paribas, told the Financial Times that the profitability of investment banks was being hurt by new rules forcing them to hold more capital, which will in turn cause pay levels in the industry to fall. Other European banks that trade in the U.S. include Barclays (BCS), Deutsche Bank (DB), HSBC (HSBC), Lloyds Banking (LYG), and Royal Bank of Scotland (RBS). Reference Link
News For BNPQY;HSBC;DB;LYG;RBS;BCS From The Last 14 Days
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March 26, 2015
11:50 EDTRBSRBS may sell Coutts to UBP for $600M-$800M, FT reports
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07:26 EDTDBDeutsche Bank receives government support for restructuring, Bloomberg says
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07:18 EDTLYGU.K. lowers stake in Lloyds Banking by 1%, WSJ reports
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05:54 EDTRBSRBS raises value of Citizens sale to $3.7B, Financial Times reports
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March 25, 2015
18:16 EDTBCSSFX Entertainment CEO Sillerman engages Barclays Capital, Jefferies
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March 24, 2015
07:26 EDTHSBCMaxim Integrated targeting major banks with patent lawsuits, Reuters reports
Maxim Integrated is (MXIM) targeting several major banks alleging their smartphone banking apps infringe the company's patents, reports Reuters. The complaints were filed against M&T Bank (MTB), and the US affiliates of HSBC (HSBC) and Banco Santander (SAN). The patents cover various technologies that secure data, including encryption for mobile financial transactions. Reference Link
07:21 EDTDBDeutsche Bank weighs three options to improve profits, Bloomberg says
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06:08 EDTBNPQY, HSBC, RBSU.S. regulators say BNP, HSBC, RBS must rewrite living wills
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March 23, 2015
09:30 EDTHSBCHSBC raises exposure to Russia, Brazil, others, Reuters says
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06:58 EDTRBSCitizens Financial announces 115M share secondary offering by RBS
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06:23 EDTRBSRBS set to sell more shares in Citizens, The Telegraph reports
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06:21 EDTRBSUBS in discussions to lease space from RBS in Connecticut, WSJ reports
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March 22, 2015
18:14 EDTDBDeutsche Bank revamp to impact retail operations, Reuters says
The planned restructuring by Deutsche Bank will have the most impact on the bank's retail operations, says Reuters. According to sources, the bank's retail operations will "bear the brunt" of the revamp and will most likely be spun off in a stock market listing, added Reuters. Reference Link
17:51 EDTDBLawsky targets Deutsche Bank in Libor probe, FT says
According to people familiar with the matter, New York state's financial services regulator Benjamin Lawsky has joined other regulators investigating Deutsche Bank for manipulation of the Libor benchmark borrowing rate, says the Financial Times. Reference Link
17:03 EDTRBSCitizens Financial could return 30%, Barron's says
Citizens Financial (CFG), a spinoff from RBS (RBS), could return 30% in the next two years, Barron's contends in a feature article. Shares trade at about a 20% discount to peers, the paper adds. Reference Link
March 20, 2015
07:17 EDTDBDeutsche Bank investors pushing for Postbank sale, Financial Times says
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06:21 EDTLYGLloyds Banking confirms sale of shares to Sabadel
Lloyds Banking notes the announcement by TSB Banking in relation to the agreed terms of the recommended cash offer for TSB Banking by Banco de Sabadell, pursuant to which Sabadell will acquire the entire issued and to be issued share capital of TSB. The Group has agreed to sell a 9.99% interest in TSB to Sabadell, and the Group has entered into an irrevocable undertaking to accept the Offer in respect of its entire remaining 40.01% shareholding in TSB. Under the terms of the Offer, TSB Banking Group plc shareholders will receive 340 pence per share in cash for each TSB share, which values the entire issued share capital of TSB at approximately GBP 1.7B. Reference Link
05:57 EDTLYGLloyds to sell 50% stake in TSB to Sabadell, Financial Times reports
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March 18, 2015
07:27 EDTBCSFreeport seeks funding from Blackstone, Apollo, Reuters says
Freeport McMoRan (FCX) has hired Goldman Sachs (GS) and Barclays (BCS) to find private equity firms willing to finance certain of its energy projects and asset developments, reports Reuters, citing people familiar with the matter. Freeport is in talks with Blackstone (BX), Apollo (APO), and Warburg Pincus about a potential partnership. The sources say the firm may be seeking "several billion dollars," though discussions are in "very early" stages. Reference Link
07:20 EDTRBS, HSBC, BCSU.S. considers 'tearing up' non-prosecution deals with banks, Bloomberg says
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