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Stock Market & Financial Investment News

News Breaks
May 27, 2014
07:04 EDTBCS, LYG, CS, RBS, DB, UBS, SAN, HSBC, INGECB could take steps to fight deflation, NY Times says
The euro zone could be caught in a deflationary spiral, and the central bank would respond to persistently lower than expected inflation by launching "a broad-based asset purchase program," ECB President Mario Dragh said yesterday, according to The New York Times. Analysts say that the ECB on June 5 could cut its benchmark interest rate to 0.15% from 0.25%, and implement a negative deposit rate that would charge lenders for keeping their funds at the central bank, the newspaper reported. Meanwhile, Draghi hinted yesterday that the ECB could take steps to encourage banks to lend more. 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 ING;UBS;CS;HSBC;DB;LYG;SAN;RBS;BCS From The Last 14 Days
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May 14, 2015
07:37 EDTUBSUBS ordered to pay $200,000 to PR bond fund investor, Reuters reports
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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 EDTBCS, UBS, RBSBanks 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
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May 13, 2015
19:52 EDTHSBCHSBC, BNP bid for right to advise Abu Dhabi National Chemicals, Bloomberg says
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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
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18:18 EDTLYGU.K. cuts stake in Lloyds to sub-20%, BBC says
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07:48 EDTBCS, DBStandard & Poor's to hold a summit
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May 11, 2015
15:53 EDTRBSJudge says Nomura misled Freddie, Fannie, HousingWire says
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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 EDTRBS, BCS, HSBC, UBSBarclays expected to pay GBP2B to settle forex rigging charges, FT says
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07:14 EDTDBDeutsche Bank's head of structured finance leaving bank, Bloomberg reports
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05:55 EDTHSBCHSBC to step up lending to smaller UK businesses, Financial Times reports
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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
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14:56 EDTRBSBritain to wind down RBS stake later this year, Reuters says
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May 8, 2015
10:03 EDTLYGHigh option volume stocks
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07:51 EDTUBSUBS renews ambitions to grow in investment banking in U.S., WSJ says
UBS has grown its senior investment banker ranks in the U.S. by about 20%, or 25 people, since the beginning of last year while the other big Wall Street firms have lost senior bankers, on average, in the same period, said The Wall Street Journal. UBS is once again pushing to expand in the U.S. investment banking market, though with more modest goals than during a prior, challenging attempt, the report added. Reference Link
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