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Stock Market & Financial Investment News

News Breaks
July 29, 2014
14:18 EDTBCS, DBNY regulator seeks monitors in Deutsche Bank, Barclays, WSJ says
New York State Department of Financial Services Superintendent Benjamin Lawsky notified lawyers for Deutsche Bank (DB) and Barclays (BCS) that he would like to place monitors inside of each firm as part of an investigation into possible forex manipulation and negotiations are continuing over the details of the appointments, said The Wall Street Journal, citing people familiar with the matter. The regulator has not ruled out placing monitors in other banks it supervises, the report added. Reference Link
News For DB;BCS From The Last 14 Days
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July 31, 2015
11:57 EDTDBDeutsche Bank looking over blockchain uses, WSJ reports
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08:52 EDTBCSBarclays laying off 150 investment bank employees, Reuters reports
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06:14 EDTDBDeutsche Bank says lost chats, data due to software glitch, WSJ reports
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July 30, 2015
06:51 EDTDBDeutsche Bank co-CEO says performance in Q2 doesn't reflect potential
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06:49 EDTDBDeutsche Bank reports tangible book value per share down 4% to EUR 39.42
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06:48 EDTDBDeutsche Bank reports Q2 net income EUR 818M vs. EUR 238M last year
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06:39 EDTDBDeutsche Bank CEO Cryan says Q2 results underscore problems, FT says
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July 29, 2015
05:51 EDTBCSBarclays reports Q2 adjusted profit before tax GBP 1.85B vs. GBP1.66B last year
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July 23, 2015
10:00 EDTBCSBarclays in talks to sell Portuguese banking unit, Bloomberg reports
Barclays is in advanced discussions with a Spanish bidder to sell its Portuguese banking unit, Bloomberg reports, citing people with knowledge of the plan. The sale would exclude Barclays' Portuguese credit-card business, the report says. Interested parties may include Bankinter, the report says. Reference Link
08:37 EDTBCSBarclays announces strategic partnership with Elkhorn Capital
Barclays announced a strategic partnership with Illinois-based investment firm Elkhorn Capital Group. The partnership is designed to extend Barclays’ product availability by bringing together its extensive experience in creating distinctive investment concepts with Elkhorn’s independent product expertise. The partnership will allow Barclays and Elkhorn to collaborate in offering clients access to additional products based on Barclays’ strategies.
July 22, 2015
06:15 EDTBCSBarclays close to SFO settlement over Qatar bribes, Daily Mail reports
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July 21, 2015
06:08 EDTBCSU.K. watchdog visited Barclays 186 times in 2014, Bloomberg reports
The FCA's supervisory team made 186 visits to Barclays (BCS) in 2014, more than any other British bank that year, Bloomberg reports. HSBC (HSBC) was next highest with 85 visits, with RBS (RBS) and Lloyds (LYG) following with 65 and 58 encounters, respectively, the report says. Reference Link
July 20, 2015
06:24 EDTBCSBarclays has no new target for layoffs, Reuters reports
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July 19, 2015
17:32 EDTBCSBarclays to cut 30,000 jobs in two years, The Times says
Barclays plan to cut 30,000 jobs within two years as it considers accelerating its cost-cutting program, reports The Times, citing senior sources. Reference Link
July 17, 2015
14:00 EDTDBEarnings Watch: Morgan Stanley rounds out quarterly results for financial firms
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06:36 EDTDBBaFin accuses Deutsche Bank execs of Libor negligence, WSJ reports
German regulators have accused several Deutsche Bank executives of failing to halt or notify regulators about years of attempted market manipulation, the Wall Street Journal reports, according to a confidential report. BaFin, Germany's financial watchdog, sent the report to Deutsche Bank's board on May 11, less than a month before the bank announced that its co-CEOs Anshu Jain and Jurgen Fitschen intended to resign, the report says. Jain was singled out particularly int he letter for allegedly providing inadequate leadership and failing to stop manipulation of the London interbank offered rate, or Libor, and other benchmarks, the report says. Four other Deutsche bank board members and two other senior executives were also harshly criticized by BaFin in the report for negligence and selective disclosures, the Wall Street Journal says. Reference Link

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