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Stock Market & Financial Investment News

News Breaks
May 27, 2014
06:16 EDTCS, HSBC, JBAXYCredit 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
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September 30, 2014
07:30 EDTCSSachs Associates to hold a conference
14th Annual Biotech in Europe Forum for Global Partnering and Investment to be held in Basel, Switzerland on September 30-October 1.
September 29, 2014
07:26 EDTCSInforma Business Information to hold a conference
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06:23 EDTHSBCCitigroup, JPMorgan meet with FCA to settle forex rigging probe, WSJ reports
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September 26, 2014
14:29 EDTCSAlibaba awards IPO banks $50M in incentive fees, Bloomberg says
According to people with knowledge of the matter, Alibaba (BABA) gave Credit Suisse (CS) and Morgan Stanley (MS) approximately half of the incentive fees that were awarded to the six banks responsible for overseeing its IPO, Bloomberg reports. Reference Link
September 24, 2014
15:04 EDTHSBC, CSGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
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September 22, 2014
07:23 EDTJBAXYReport says Julius Baer mulling RBS unit acquisition, Reuters says
A report from German newspaper Sonntagsblick noted that Julius Baer (JBAXY) CEO Boris Collardi said that the company is contemplating an acquisition agreement for Royal Bank of Scotland's (RBS) Coutts International, according to Reuters, citing comments from Collardi in the report. Collardi said that the Swiss company is not looking to get in a bidding battle for Coutts' overseas division. Reference Link
September 18, 2014
07:52 EDTCS, HSBCUBS Chair says litigation bigger worry than stress test, Bloomberg reports
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06:39 EDTHSBC, CSEuropean 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 17, 2014
13:45 EDTCS, JBAXYJulius Baer has not had talks about a sale with Credit Suisse, Bloomberg reports
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06:54 EDTHSBCNY Attorney General announces NYC bank identity-theft ring takedown
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06:16 EDTCSCredit Suisse under fire from regulators over leveraged lending, WSJ says
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September 16, 2014
14:44 EDTCS, HSBCVirginia AG files $1.15B lawsuit against banks that sold RMBS during crisis
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07:31 EDTCSSoftbank, Yahoo poised to profit from record Alibaba IPO, WSJ reports
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