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Stock Market & Financial Investment News

News Breaks
December 4, 2013
06:05 EDTDBDeutsche Bank confirms EUR 725M settlement with European Commission
Deutsche Bank announced that, as part of a collective settlement, it has reached agreement with the European Commission on a resolution of its investigations into the submission of interbank offered rates. The settlement covers investigations into the trading of Euro interest rate derivatives and Yen interest rate derivatives. As part of the settlement, Deutsche Bank has agreed to pay EUR 466M for EIRD and EUR 259M for YIRD, or EUR 725M in total. It added, "In response to matters that came to light during its internal investigations, the Bank has undertaken significant measures to enhance its systems and controls in the relevant business and infrastructure functions, including the creation of an independent Benchmark Submission Oversight function which now oversees the Bank’s interbank offered rates submissions and reports to Risk Management. As part of Strategy 2015+ the Bank is investing EUR 1 billion to elevate its systems and controls to best in class, including by increasing the headcount in its control functions."
News For DB From The Last 14 Days
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April 22, 2014
10:00 EDTDBOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CommonWealth REIT (CWH) downgraded to Sell from Hold at Stifel... Del Frisco's (DFRG) downgraded to Market Perform from Outperform at Raymond James... Deutsche Bank (DB) downgraded to Neutral from Buy at UBS... Diageo (DEO) downgraded to Market Perform from Outperform at Raymond James... Eni SpA (E) downgraded to Neutral from Buy at UBS... Fidelity & Guaranty Life (FGL) downgraded to Neutral from Outperform at Credit Suisse... Frontier Communications (FTR) downgraded to Hold from Buy at Gabelli... QEP Resources (QEP) downgraded to Equalweight from Overweight at Barclays... Rogers Communications (RCI) downgraded to Sell from Hold at Canaccord... Rush Enterprises (RUSHA) downgraded to Underperform from Buy at BofA/Merrill... TSMC (TSM) downgraded to Neutral from Overweight at HSBC... Valero (VLO) downgraded to Neutral from Buy at BofA/Merrill... Wisconsin Energy (WEC) downgraded to Fair Value from Buy at CRT Capital... Zillow (Z) downgraded to Fair Value from Buy at CRT Capital... Zions Bancorp (ZION) downgraded to Equal Weight from Overweight at Evercore.
07:26 EDTDBInformation Management Network to hold a conference
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05:28 EDTDBDeutsche Bank downgraded to Neutral from Buy at UBS
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April 21, 2014
06:45 EDTDBAB InBev deal propels Deutsche to top of Korean Merger Advisory, Bloomberg says
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April 16, 2014
07:28 EDTDBDeutsche looks to sell Cosmopolitan Las Vegas Resort, Bloomberg says
Deutsche Bank is in discussions with possible purchasers of its Cosmopolitan resort in Las Vegas as it aims to end a six-year, money-losing venture into casino development, according to Bloomberg, citing people with knowledge of the matter. One of the sources said that the bank is looking for more than $2B for the resort and has attracted at least four potential bidders. Reference Link
April 15, 2014
13:18 EDTDBBank of China NY, Deutsche Bank sign MOU to expand clearing pact
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April 11, 2014
07:47 EDTDBDeutsche granted dismissal of FHFA suit, Reuters says
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April 10, 2014
08:26 EDTDBDeutsche looks for shareholder approval for upped bonuses, Reuters says
Deutsche Bank will ask shareholders to approve increasing limits on executive bonuses for FY14 as required by new European regulations, according to Reuters, citing an agenda for the bank's annual shareholder meeting. Reference Link
07:11 EDTDBDeutsche said to find inappropriate communication in FX case, Bloomberg says
Deutsche Bank laid-off a London-based currency saleswoman last month for improper communication with the Monetary Authority of Singapore, according to Bloomberg, citing a person familiar with the matter. In an emailed statement, Deutsche Bank said it had received requests for information from regulators probing currency trading and is cooperating with them. Reference Link

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