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Stock Market & Financial Investment News

News Breaks
May 15, 2014
11:05 EDTDB, BXDeutsche Bank agrees to sell Cosmopolitan of Las Vegas for $1.73B
Deutsche Bank (DB) announced that it has reached an agreement with Blackstone (BX) Real Estate Partners VII to sell Nevada Property 1 LLC, the owner of The Cosmopolitan of Las Vegas. Under the transaction, Blackstone Real Estate Partners VII will acquire 100% of The Cosmopolitan of Las Vegas for $1.73B, which will be paid in cash. The transaction is subject to regulatory approvals. The sale will have a net positive impact on the Bank's CRD4 pro-forma fully loaded common equity tier 1 ratio of approximately five basis points upon closing of the transaction.
News For DB;BX From The Last 14 Days
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September 18, 2014
07:52 EDTDBUBS Chair says litigation bigger worry than stress test, Bloomberg reports
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06:39 EDTDBEuropean 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
07:37 EDTBXMorningstar to hold a conference
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September 16, 2014
14:44 EDTDBVirginia AG files $1.15B lawsuit against banks that sold RMBS during crisis
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07:38 EDTBXBlackstone looks to raise $16B for new buyout fund, WSJ reports
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September 15, 2014
07:49 EDTDBDOJ, FBI 'flip' bank informants as part of forex probe, WSJ says
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September 12, 2014
12:33 EDTBXBlackstone, Bain speak to banks on possible Weather Channel sale, Bloomberg says
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09:21 EDTBXBlackstone to sell 260 Burger King locations, Bloomberg says
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September 8, 2014
07:29 EDTDBNYSSA to hold a discussion
Russian and Central & Eastern European Capital Markets will be discussed at the NYSSA New York Conference Center on September 8 at 6 pm.

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