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Stock Market & Financial Investment News

News For DB;UBS;CS From The Last 14 Days
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September 30, 2014
08:06 EDTUBSUBS settles French tax investigation with $1.4B deposit, Bloomberg says
UBS is positioned to settle a French tax-evasion lawsuit by paying a security deposit worth approximately $1.4B as the company combats the claims and bond demand, according to Bloomberg, citing a person with knowledge of the probe. Reference Link
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.
07:19 EDTDBReport says Deutsche Bank holding on to unpaid 2011 bonuses, Reuters says
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September 29, 2014
10:46 EDTUBSUBS CFO says new group structure to prompt higher returns, Reuters says
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07:26 EDTDB, CSInforma Business Information to hold a conference
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06:23 EDTUBSCitigroup, JPMorgan meet with FCA to settle forex rigging probe, WSJ reports
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06:08 EDTUBSUBS launches share-for-share exchange offer to establish group holding company
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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 EDTCS, DBGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
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05:45 EDTUBSMorgan Stanley downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded its rating on Morgan Stanley (MS) to Neutral saying shares look expensive and that it does not see the bank meeting its 10% return on equity target. JPMorgan sees better value in other investment banks, specifically UBS (UBS), and keeps a $34 price target for Morgan Stanley shares. The stock closed yesterday down 16c to $35.02.
September 23, 2014
08:34 EDTDBDeutsche Bank co-CEO, former CEOs face fraud charges in Kirch case, AP says
The Munich prosecutor's office has charged Deutsche Bank co-CEO Juergen Fitschen, as well as former CEOs Rolf Breuer and Josef Ackermann, with attempted serious fraud over allegedly misleading statements made during a lawsuit brought by Leo Kirch, reported Associated Press. Reference Link
08:14 EDTUBSCFA Society of Chicago to hold a meeting
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September 22, 2014
09:24 EDTUBSAppeals court upholds UBS must deposit EUR1.1B over tax charges, Reuters says
A French appeals court upheld a prior ruling and ordered UBS to deposit EUR1.1B as a guarantee for the fine the court believes the bank may need to pay if it is found guilty of assisting its wealthy French customers to avoid paying taxes, reported Reuters. Reference Link
09:04 EDTUBSFrench court rules UBS must deposit $1.4B, Bloomberg reports
07:49 EDTDBDeutsche Bank fires Sydney-based currency trader, FT reports
Deutsche Bank has fired Andy Donaldson, a Sydney-based currency trader, for allegedly misreporting trades, the Financial Times reports. Donaldson was suspended in June after checks uncovered "irregularities" in how his trading activities were recorded. Reference Link
September 18, 2014
07:52 EDTUBS, DB, CSUBS Chair says litigation bigger worry than stress test, Bloomberg reports
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06:39 EDTUBS, DB, 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 EDTCSJulius Baer has not had talks about a sale with Credit Suisse, Bloomberg reports
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06:16 EDTCSCredit Suisse under fire from regulators over leveraged lending, WSJ says
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