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Stock Market & Financial Investment News

News Breaks
June 5, 2014
08:02 EDTGS, DB, RBS, BCSDeclining revenuat banks could cost thousands of jobs, WSJ reports
The trading businesses inside global investment banks are expected to suffer job losses that could run into the thousands by the end of the year, reports the Wall Street Journal. According to people at the firms and recruiters who specialize in financial-services positions, the job cuts are due a persistent gap betwene revenue and employment. Reference Link
News For DB;BCS;RBS;GS From The Last 14 Days
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May 19, 2015
15:42 EDTBCS, RBSBanks' settlement over forex rigging to be announced tomorrow, CNBC says
Several banks are said to plan to plead guilty and pay "billions" in fines in a settlement over their roles in foreign exchange manipulation that is expected to be announced Wednesday, according to CNBC's Kate Kelly. Prior media reports have listed Barclays (BCS), Royal Bank of Scotland (RBS), UBS (UBS), JPMorgan (JPM) and Citigroup (C) as having been in talks with U.K. and U.S. authorities for their roles in foreign currency rigging.
06:15 EDTDBDeutsche Bank explores moving parts if UK leaves EU, Financial Times says
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May 18, 2015
19:20 EDTDBDeutsche Bank retail chief to quit after disagreement, Reuters says
Rainer Neske, Deutsche Bank's head of retail banking, is set to resign because he disagrees with the company's restructuring program, reports Reuters, citing unnamed industry sources quoted by Handelsblatt. Reuters notes that the restructuring involves selling the Postbank retail business, increasing investments in equities and wealth management, and divesting up to $169.65B in investment bank assets. Reference Link
07:12 EDTRBS, BCSBarclays expected to face over GBP250M in fines for rigging, Telegraph says
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06:58 EDTDBDeutsche Bank co-CEOs won't step down, Reuters reports
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06:15 EDTBCSCiti divests 16% stake in Grupo Aeromexico, Reuters reports
Citigroup (C) has sold its 16% stake in Grupo Aeromexico, the Mexican airline says, Reuters reports. According to the airline, Barclays Capital (BCS) acquired about 8% of shares through a financial operation with Delta (DAL). Reference Link
May 17, 2015
17:06 EDTRBSNomura, RBS ordered to pay $806M to Fannie, Freddie, Reuters says
U.S. District Judge Denise Cote has ordered Nomura (NMR) and RBS (RBS) to pay a total of $806M for allegedly misleading Fannie Mae (FNMA) and Freddie Mac (FMCC), Reuters reported Friday, citing court proceedings and a person familiar with the matter. Reuters notes that Fannie is set to receive $26.6M from the ruling, while Freddie will receive $779.4M. Reference Link
May 15, 2015
07:50 EDTBCS, RBSDOJ tearing up prior UBS rigging settlement after new violations, WSJ reports
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May 14, 2015
06:49 EDTBCS, RBSBanks to pay several billion over alleged currency violations, NY Times says
Barclays (BCS), JPMorgan Chase (JPM), Citigroup (C) and the Royal Bank of Scotland (RBS) are expected to agree to pay a combined "several billion dollars" as part of a settlement with the U.S. over alleged foreign exchange rigging, according to The New York Times, which cited unnamed sources. The banks are also expected to plead guilty to criminal antitrust violations, but it is not anticipated that their operations will be significantly affected as a result of those pleas, the newspaper stated. Meanwhile, UBS (UBS) will pay a fine of up to $500M related to alleged "foreign currency misconduct," the newspaper stated. Reference Link
06:04 EDTDB, GSUnivision IPO could launch 'in weeks,' NY Post reports
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May 13, 2015
12:13 EDTGSGoldman Sachs management to meet with MKM Partners
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May 12, 2015
19:52 EDTRBSNomura, RBS could pay $805M in mortgage ruling, Reuters says
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14:13 EDTGSBove says it may be time to buy bank stocks
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07:48 EDTBCS, GS, DBStandard & Poor's to hold a summit
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07:34 EDTGSGoldman must pay $80M plus interest to National Australia Bank, Reuters reports
Goldman Sachs was recently ordered by an arbitration panel under the Financial Industry Regulatory Authority to pay $80M, plus interest, to the National Australia Bank over the sale of mortgage-linked securities, said Reuters, citing a court filing. Reference Link
May 11, 2015
15:53 EDTRBSJudge says Nomura misled Freddie, Fannie, HousingWire says
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09:58 EDTBCS, RBSBarclays expected to pay GBP2B to settle forex rigging charges, FT says
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08:18 EDTGSBanks executives seek to push back on 'false, damaging' statements, WSJ reports
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07:14 EDTDBDeutsche Bank's head of structured finance leaving bank, Bloomberg reports
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06:11 EDTGSStudy: Jet.com has lower prices than Amazon '94% of the time,' WSJ reports
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