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Stock Market & Financial Investment News

News For DB;CS;CRZBY;UBS From The Last 14 Days
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July 5, 2015
19:15 EDTCSCredit Suisse CEO sees strong focus on Asia, Reuters says
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19:05 EDTDB, CS, UBSUBS said to be whistleblower in Brazil investigation, Reuters reports
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18:19 EDTCSCredit Suisse CEO says quick fix expectations have 'run away,' WSJ reports
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15:27 EDTCSBlackstone appoints Liping Zhang as chairman for greater China
Blackstone (BX) announced that it has named Liping Zhang as a senior managing director and chairman for greater China. Based in Hong Kong, Zhang will advise the firm's management and regional business units as Blackstone "continues to expand its presence in the region." He joins from Credit Suisse (CS) where he most recently served as co-CEO of greater China and vice chairman of global investment banking. Zhang's appointment "underscores the strategic importance of greater China to Blackstone," said Stephen Schwarzman, chairman, CEO and co-founder of Blackstone.
July 2, 2015
12:22 EDTCS, DB, UBSBrazil investigates banks for exchange rate manipulation
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05:27 EDTDBAccenture announces five-year contract extension with Deutsche Bank
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July 1, 2015
10:00 EDTCSOn The Fly: Analyst Upgrade Summary
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08:22 EDTDBDeutsche Bank co-CEO Cryan says will update on strategy by end of October
In a message from John Cryan, co-CEO of Deutsche Bank, to employees posted on the bank's website, Cryan stated in part: "In my two years on the Supervisory Board, I have come to recognise that we possess many deep client relationships, skilled and committed employees, a strong brand, cultural diversity, and clear leadership in our home market with strength in many others. At the same time, you will know that our bank faces several tough challenges today. I feel it is only right to be direct and honest with you about these matters if we are to solve them. First, our reputation has been damaged by instances of serious misconduct...Second, our current financial performance does not reflect our tremendous potential...Third, we are too diversified and too complex for our own good...Fourth, we must re-engineer our internal processes...One fundamental certainty that we now possess is agreement on the six broad decisions taken as part of Strategy 2020. Those decisions were taken by the Management Board and unanimously supported by the Supervisory Board. We remain committed to them. As a new Co-CEO marking my first day in the role, I believe it right to take the summer and early autumn to decide how to best execute those decisions. We will therefore update the market with further details by the end of October."
07:52 EDTCRZBYCommerzbank sells portfolios of CRE loans totaling EUR2.9B to JPMorgan, Oaktree
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07:14 EDTDBFormer Deutsche Bank CEO in talks with Softbank for executive role, NY Post says
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06:56 EDTDBDeutsche Bank CEO warns staff of 'tough reforms', Reuters says
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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 29, 2015
06:47 EDTCSCredit Suisse, ING aiming to move some activities out of London, FT says
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June 28, 2015
17:05 EDTDB, CSBank regulator probes 'Isdafix' benchmark manipulation, FT says
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June 26, 2015
14:46 EDTDBBaFin concludes Deutsche Bank acted 'negligently' over Libor rigging, FT reports
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07:55 EDTDBHSBC hires Lilia Karboub to trade derivatives indexes in London, Bloomberg says
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June 24, 2015
07:19 EDTDBJPMorgan names Nachimowski head of chemicals dealmaking in EMEA, Bloomberg says
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June 23, 2015
06:53 EDTCSPSAV prepares for IPO that could raise roughly $300M, Bloomberg says
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