New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 25, 2014
06:40 EDTDB, RBS, SAN, CS, HSBC, LYG, ING, UBS, BCSLoan write down standards changed for non-U.S. banks, NY Times says
A new accounting rule will enable banks outside of the U.S. to write down the value of loans earlier but could cause loans to become less attractive for those banks, according to The New York Times. The rule was issued by the International Accounting Standards Board, whose guidelines are followed in more than 100 countries but not in America, 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
News For HSBC;BCS;ING;CS;UBS;LYG;DB;SAN;RBS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
May 15, 2015
10:25 EDTLYGBritain could extend trading plan to sell more Lloyds shares, Reuters reports
According to sources, Britain may extend a trading plan to sell more shares in Lloyds beyond the current June deadline, Reuters reports. The British government's stake now stands at 19.9%, down from 24.9%, through the plan, and the sources say an extension could help the government return Lloyds fully to private ownership within the next year. Reference Link
07:50 EDTRBS, UBS, BCSDOJ tearing up prior UBS rigging settlement after new violations, WSJ reports
Subscribe for More Information
May 14, 2015
07:37 EDTUBSUBS ordered to pay $200,000 to PR bond fund investor, Reuters reports
Subscribe for More Information
06:57 EDTSAN, HSBCSources: HSBC could pick preferred bidder for Brazil unti by June, Reuters says
HSBC (HSBC) is set to receive binding offers for its Brazilian unit as early as June, at which time it may select a preferred bidder for the struggling unit, Reuters reports, citing three sources. Bids for the unit may not surpass book value, which is estimated at about $3.34B right now, the sources say, adding that Banco Bradesco (BBD), Banco Santander Brasil (SAN) and Grupo BTG Pactual had access to the unit's preliminary documents. Reference Link
06:49 EDTUBS, RBS, BCSBanks to pay several billion over alleged currency violations, NY Times says
Barclays (BCS), JPMorgan Chase (JPM), Citigroup (C) and the Royal Bank of Scotland (RBS) are expected to agree to pay a combined "several billion dollars" as part of a settlement with the U.S. over alleged foreign exchange rigging, according to The New York Times, which cited unnamed sources. The banks are also expected to plead guilty to criminal antitrust violations, but it is not anticipated that their operations will be significantly affected as a result of those pleas, the newspaper stated. Meanwhile, UBS (UBS) will pay a fine of up to $500M related to alleged "foreign currency misconduct," the newspaper stated. Reference Link
06:04 EDTDBUnivision IPO could launch 'in weeks,' NY Post reports
Subscribe for More Information
May 13, 2015
19:52 EDTHSBCHSBC, BNP bid for right to advise Abu Dhabi National Chemicals, Bloomberg says
Subscribe for More Information
08:27 EDTUBSDOJ may scrap non-prosecution agreement with UBS over rigging, FT says
UBS had agreed in 2012 to a non-prosecution agreement with the Department of Justice to resolve allegations it rigged the benchmark rate and that deal was recently extended for an additional year to the end of 2015, but the DOJ is threatening the NPA as it pursue a new investigation of foreign exchange manipulation, said Financial Times. Reference Link
07:21 EDTCSCredit Suisse to hold a conference
4th Annual Disruptive Technology Conference is being held in San Francisco on May 13-14 with webcasted company presentations to begin on May 13 at 10:35 am; not all company presentations may be webcasted. Webcast Link
May 12, 2015
19:52 EDTRBSNomura, RBS could pay $805M in mortgage ruling, Reuters says
Subscribe for More Information
18:18 EDTLYGU.K. cuts stake in Lloyds to sub-20%, BBC says
Subscribe for More Information
07:48 EDTBCS, DBStandard & Poor's to hold a summit
Subscribe for More Information
May 11, 2015
15:53 EDTRBSJudge says Nomura misled Freddie, Fannie, HousingWire says
Subscribe for More Information
13:22 EDTHSBCHSBC downgraded to Underperform from Outperform at Macquarie
Pre-open, Macquarie downgraded HSBC two notches to Underperform from Outperform. The firm said HSBC's business model is structurally challenged with poor profitability and litigation costs.
09:58 EDTUBS, RBS, BCS, HSBCBarclays expected to pay GBP2B to settle forex rigging charges, FT says
Subscribe for More Information
07:14 EDTDBDeutsche Bank's head of structured finance leaving bank, Bloomberg reports
Subscribe for More Information
05:55 EDTHSBCHSBC to step up lending to smaller UK businesses, Financial Times reports
Subscribe for More Information
May 10, 2015
20:03 EDTUBSCiti, JPMorgan, UBS consider exiting U.K., Financial Times says
Citi (C), JPMorgan (JPM), and UBS (UBS) are considering exiting their London operations due to the U.K.'s bank levy, reports the Financial Times, citing people familiar with the matter. There is particular focus among the banks to reduce repurchase agreements, said three senior industry figures. The Financial Times notes that the recent Conservative win could see political maneuvers to reduce or renegotiate the levy, potentially persuading the banks to stay. Reference Link
16:54 EDTUBSUBS expands U.S. investment banking operations, WSJ says
Subscribe for More Information
14:56 EDTRBSBritain to wind down RBS stake later this year, Reuters says
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use