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Stock Market & Financial Investment News

News Breaks
July 7, 2014
07:26 EDTBNPQY, SCGLY, CRARY, DBFrance not concerned about U.S. investigation of other banks, Reuters says
France's Finance Minister Michel Sapin said he was not concerned about French banks being probed by U.S. authorities after a record fine was imposed on BNP Paribas (BNPQY) for violating U.S. sanctions against several countries, according to Reuters, citing comments from Sapin. U.S. sources said that French banks Societe Generale (SCGLY), Credit Agricole (CRARY) and Deutsche Bank (DB) are under investigation for having possibly violated U.S. economic sanctions. Reference Link
News For BNPQY;SCGLY;CRARY;DB From The Last 14 Days
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September 30, 2014
07:19 EDTDBReport says Deutsche Bank holding on to unpaid 2011 bonuses, Reuters says
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September 29, 2014
07:26 EDTDBInforma Business Information to hold a conference
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06:26 EDTBNPQYBNP Paribas names Jean Lemierre as chairman, effective December 1
The Board of Directors of BNP Paribas on Friday acknowledged Baudouin Protís decision to step down as Chairman and Director as of December 1. The Board will meet on this same date to appoint, following the proposal of the extended corporate governance and nominations committee, which met on two occasions, Jean Lemierre as Director and Chairman of the Board of Directors.
September 24, 2014
15:04 EDTDBGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
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September 23, 2014
13:47 EDTBNPQYLemierre likely to suceed Prot as BNP Paribas chairman, WSJ reports
According to a source, Baudouin Prot, the chairman of BNP Paribas, has informed the company's board that he will step down, the Wall Street Journal reports. Prot, who will likely step down as of December 1, is expected to be succeeded by a senior adviser to Prot, Jean Lemierre. Reference Link
08:34 EDTDBDeutsche Bank co-CEO, former CEOs face fraud charges in Kirch case, AP says
The Munich prosecutor's office has charged Deutsche Bank co-CEO Juergen Fitschen, as well as former CEOs Rolf Breuer and Josef Ackermann, with attempted serious fraud over allegedly misleading statements made during a lawsuit brought by Leo Kirch, reported Associated Press. Reference Link
06:34 EDTBNPQYBNP board to decide on chairman departure, successor, Reuters says
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September 22, 2014
07:49 EDTDBDeutsche Bank fires Sydney-based currency trader, FT reports
Deutsche Bank has fired Andy Donaldson, a Sydney-based currency trader, for allegedly misreporting trades, the Financial Times reports. Donaldson was suspended in June after checks uncovered "irregularities" in how his trading activities were recorded. Reference Link
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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