New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 27, 2014
06:16 EDTCS, JBAXY, HSBCCredit Swiss tax case sparks probe of 13 other banks, Bloomberg says
Thirteen Swiss banks are now up against rising stakes in their own criminal investigations after Credit Suisse (CS) set a new precedent for punishment regarding offshore tax evasion, according to Bloomberg, citing comments from assistant U.S. Attorney General Kathryn Keneally. Julius Baer (JBAXY), Zuercher Kantonalbank and the Swiss division of HSBC (HSBC) are among the firms seeking to avoid pleading guilty to helping Americans cheat the Internal Revenue Service. Reference Link
News For CS;HSBC;JBAXY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 2, 2015
12:22 EDTHSBC, CSBrazil investigates banks for exchange rate manipulation
Subscribe for More Information
10:47 EDTHSBCING set to win bidding war for HSBC’s Turkish unit, Reuters reports
Subscribe for More Information
July 1, 2015
10:00 EDTCSOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
05:35 EDTCSCredit Suisse upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley upgraded Credit Suisse to Overweight on expectations cost of capital and execution should improve under new CEO Tidjane Thiam. The firm raised its price target for shares to CHF31 from CHF29.
June 30, 2015
10:00 EDTHSBCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded to Market Perform from Outperform at FBR Capital... Apollo Education (APOL) downgraded on enrollment uncertainty at BofA/Merrill... Flagstar Bancorp (FBC) downgraded to Hold from Buy at Sandler O'Neill... Global Brass and Copper (BRSS) downgraded to Hold from Buy at BB&T... HSBC (HSBC) downgraded to Neutral from Buy at Goldman... Herman Miller (MLHR) downgraded to Neutral at Longbow... NiSource (NI) downgraded on valuation, post spinoff outlook at Argus... Sysco (SYY) downgraded to Hold from Buy at Deutsche Bank... TCF Financial (TCB) downgraded to Hold from Buy at Sandler O'Neill.
June 29, 2015
19:23 EDTHSBCHSBC downgraded to Neutral from Buy at Goldman
Subscribe for More Information
06:47 EDTCSCredit Suisse, ING aiming to move some activities out of London, FT says
Subscribe for More Information
June 28, 2015
19:04 EDTHSBCHSBC, Markit end marketing relationship, Reuters says
Subscribe for More Information
17:05 EDTCSBank regulator probes 'Isdafix' benchmark manipulation, FT says
Subscribe for More Information
June 26, 2015
07:55 EDTHSBCHSBC hires Lilia Karboub to trade derivatives indexes in London, Bloomberg says
Subscribe for More Information
June 24, 2015
06:16 EDTJBAXYJulius Baer to take preliminary provision of $350M for eventual DOJ settlement
Subscribe for More Information
June 23, 2015
06:53 EDTCSPSAV prepares for IPO that could raise roughly $300M, Bloomberg says
Subscribe for More Information
June 22, 2015
06:10 EDTHSBCRBS Chairman says UK banks fear block on cross-selling, Financial Times says
RBS Chairman Sir Philip Hampton has warned that British Banks fear being blocked from cross-selling products to their clients, reports the Financial Times. Hampton said UK banks had no choice but to accept the ringfencing low that forces them to hive off retail and small business operations into a separate subsidiary at arms length from other activities. Reference Link
June 18, 2015
07:50 EDTCSSNB pushes UBS, Credit Suisse to improve leverage ratios
Subscribe for More Information
07:28 EDTHSBCLloyds CEO to call on U.K. banks to welcome ringfencing rules, Reuters says
Subscribe for More Information
06:26 EDTHSBCBanco Bradesco expected to make offer for HSBC's Brazilian unit, Reuters reports
Banco Bradesco (BBD) CEO Luiz Carlos Trabuco says that the private-sector bank will make an offer for HSBC's (HSBC) Brazilian unit in July, Reuters reports, citing comments from the newswire service of O Estado de S. Paulo newspaper. Reference Link
06:21 EDTHSBCFour banks to pay nearly $1B to settle forex rigging suit, AFP reports
Goldman Sachs (GS), BNP Paribas (BNPQY), Barclays (BCS), and HSBC (HSBC) have all reached separate agreements to settle a U.S. civil lawsuit over alleged foreign exchange rigging in deals totaling approximately $1B, AFP reports, citing sources close to the situation. The agreements are preliminary and are subject to change, the sources told AFP, confirming an earlier report on the settlements from the Wall Street Journal. Barclays is expected to pay $375M, HSBC $285M, BNP Paribas roughly $200M, and Goldman Sachs about $130M, the report says.The four banks' pending agreements would settle the civil lawsuit filed by Scott & Scott and Hausfeld that claims their traders manipulated the forex market to boost the banks' profits, AFP reports. Reference Link
06:01 EDTHSBCBanks to settle civil forex lawsuit for nearly $2B, WSJ reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use