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Stock Market & Financial Investment News

News Breaks
February 21, 2014
05:39 EDTDB, CCitigroup, Deutsche Bank took losses on Pemex contracts, WSJ reports
Citigroup (C) and Deutsche Bank (DB) each suffered commodity losses on a complex program to hedge price risks for Pemex, Mexico's state oil monopoly, at one point over the past three months, reports the Wall Street Journal. Deutsche Bank's loss totaled about $5M, sources say. Reference Link
News For C;DB From The Last 14 Days
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July 2, 2015
05:27 EDTDBAccenture announces five-year contract extension with Deutsche Bank
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July 1, 2015
08:22 EDTDBDeutsche Bank co-CEO Cryan says will update on strategy by end of October
In a message from John Cryan, co-CEO of Deutsche Bank, to employees posted on the bank's website, Cryan stated in part: "In my two years on the Supervisory Board, I have come to recognise that we possess many deep client relationships, skilled and committed employees, a strong brand, cultural diversity, and clear leadership in our home market with strength in many others. At the same time, you will know that our bank faces several tough challenges today. I feel it is only right to be direct and honest with you about these matters if we are to solve them. First, our reputation has been damaged by instances of serious misconduct...Second, our current financial performance does not reflect our tremendous potential...Third, we are too diversified and too complex for our own good...Fourth, we must re-engineer our internal processes...One fundamental certainty that we now possess is agreement on the six broad decisions taken as part of Strategy 2020. Those decisions were taken by the Management Board and unanimously supported by the Supervisory Board. We remain committed to them. As a new Co-CEO marking my first day in the role, I believe it right to take the summer and early autumn to decide how to best execute those decisions. We will therefore update the market with further details by the end of October."
07:57 EDTCU.S. banks not facing significant direct losses on Greek default, WSJ says
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07:14 EDTDBFormer Deutsche Bank CEO in talks with Softbank for executive role, NY Post says
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06:56 EDTDBDeutsche Bank CEO warns staff of 'tough reforms', Reuters says
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June 29, 2015
16:00 EDTCOptions Update; June 29, 2015
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June 28, 2015
17:05 EDTDBBank regulator probes 'Isdafix' benchmark manipulation, FT says
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June 26, 2015
14:46 EDTDBBaFin concludes Deutsche Bank acted 'negligently' over Libor rigging, FT reports
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07:55 EDTDBHSBC hires Lilia Karboub to trade derivatives indexes in London, Bloomberg says
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07:28 EDTCKKR-backed Coffee Day plans $181M IPO in India, Bloomberg reports
Coffee Day Enterprises, which includes KKR (KKR) among its investors, plans to raise as much as $181M from an initial share sale in India, Bloomberg reports. Kotak Mahindra Capital, Citi (C), and Morgan Stanley (MS) are among the managers to the planned sale, the report says. Reference Link
06:38 EDTCCiti plans to combine retail banking, mortgage operations, Reuters says
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June 25, 2015
10:11 EDTCBrooks Brothers, Citi announce exclusive credit card relationship
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07:13 EDTCFed director says full transparency in stress testing can be 'enormous weakness'
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05:35 EDTCCiti apppointed depository bank for Celyad ADR program
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June 24, 2015
10:00 EDTCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Sell from Neutral at Goldman... Catamaran (CTRX) downgraded to Neutral from Buy at UBS... Citi (C) downgraded to Hold from Buy at Deutsche Bank... Esperion (ESPR) downgraded to Neutral from Outperform at Credit Suisse... Fortinet (FTNT) downgraded to Neutral from Buy at Citi... General Motors (GM) downgraded to Neutral from Buy at Goldman... Goldman Sachs (GS) downgraded to Hold from Buy at Deutsche Bank... IBERIABANK (IBKC) downgraded to Neutral from Outperform at Baird... Independent Bank (INDB) downgraded to Underperform from Neutral at Baird... Inphi (IPHI) downgraded to Market Perform from Outperform at Northland... MoneyGram (MGI) downgraded to Neutral from Outperform at Macquarie... Sensata (ST) downgraded to Hold from Buy at Cross Research... Teradyne (TER) downgraded to Buy from Conviction Buy at Goldman... Alcobra (ADHD) downgraded to Hold from Speculative Buy at WBB Securities.
07:19 EDTDBJPMorgan names Nachimowski head of chemicals dealmaking in EMEA, Bloomberg says
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06:37 EDTCDeutsche downgrades Citi, Goldman after share rallies
Deutsche Bank analyst Matt O'Connor recommends using the strong share performance of both Citi (C) and Goldman Sachs (GS) as on opportunity to take profits. The analyst this morning downgraded shares of both investment banks to Hold from Buy. Citi is up 21% from the lows on January 30 while Goldman is up 30% since July 1, 2014, the analyst points out. On Citi, O'Connor sees less near term upside with fixed income trading entering a seasonally weak period and core cost reductions largely over. On Goldman, the analyst sees a lack of catalysts to drive the stock meaningfully higher in the near term. His top picks among U.S. Banks are Bank of America (BAC), JPMorgan (JPM), M&T Bank (MTB) and SunTrust (STI).
06:27 EDTCCiti downgraded to Hold from Buy at Deutsche Bank
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June 23, 2015
09:36 EDTCActive equity options trading on open
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06:25 EDTCBarclays-Stifel deal marks end of Lehman legacy, Business Insider reports
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