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Stock Market & Financial Investment News

News For LYG;ING;RY;BCS;CS;RBS;UBS;DB;BBVA;AEG;SAN From The Last 14 Days
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July 29, 2015
05:51 EDTBCSBarclays reports Q2 adjusted profit before tax GBP 1.85B vs. GBP1.66B last year
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July 27, 2015
10:29 EDTCSCase against Credit Suisse over 'dark pools' prepped by NY AG, Fox Business says
New York Attorney General Eric Schneiderman is readying to bring a civil case against Credit Suisse over high-frequency trading abuses through its Crossfinder “dark pools,” according to Fox Business' Charlie Gasparino. Reference Link
06:44 EDTUBSUBS says U.S.-based brokerage business not for sale, Reuters reports
UBS CEO Sergio Ermotti told analysts following the company's Q2 results that its U.S-based brokerage business, which posted a 6% decline in Q2 profit before tax, is not up for sale, Reuters reports. UBS formed the unit when it bought PaineWebber in 2000, and Ermotti says the unit is "critical" to the bank's overall private banking strategy. Reference Link
05:49 EDTUBSUBS reports Q2 EPS CHF 0.32 vs. CHF 0.21 last year
Reports Q2 adjusted profit before tax CHF 1.6B. Reports Q2 CET1 capital ratio 14.4%. Reports Q2 total book value per share CHF 13.71.
July 26, 2015
20:42 EDTUBSUBS to report 25% growth in Q2 profits, Reuters says
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July 24, 2015
06:25 EDTUBSUBS steps back from Puerto Rico bond funds, Reuters reports
UBS is backing away from its Puerto Rico bond funds, telling clients that they can no longer use them as collateral for some loans after Puerto Rico's financial troubles resulted in major credit agency downgrades, Reuters reports, citing a July 13 letter to clients. UBS' Puerto Rico unit said it will contact investors to discuss alternative options, the report says. Reference Link
July 23, 2015
19:52 EDTSANUber no longer partnering with Santander, Reuters says
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12:12 EDTRYValeant beats RBC as biggest Canadian company by market value, Bloomberg says
Valeant (VRX) has surpassed Royal Bank of Canada (RY) as the largest Canadian company by market value on the Toronto Stock Exchange, Bloomberg reports. Valeant surged 4.5% to a total market value of C$111.3B at 11:21 AM in Toronto, beating the Royal Bank's C$108.3B market value, the report says. Reference Link
10:00 EDTBCSBarclays in talks to sell Portuguese banking unit, Bloomberg reports
Barclays is in advanced discussions with a Spanish bidder to sell its Portuguese banking unit, Bloomberg reports, citing people with knowledge of the plan. The sale would exclude Barclays' Portuguese credit-card business, the report says. Interested parties may include Bankinter, the report says. Reference Link
08:37 EDTBCSBarclays announces strategic partnership with Elkhorn Capital
Barclays announced a strategic partnership with Illinois-based investment firm Elkhorn Capital Group. The partnership is designed to extend Barclays’ product availability by bringing together its extensive experience in creating distinctive investment concepts with Elkhorn’s independent product expertise. The partnership will allow Barclays and Elkhorn to collaborate in offering clients access to additional products based on Barclays’ strategies.
05:47 EDTCSCredit Suisse reports Q2 EPS CHF 0.61 vs. (CHF 0.45) last year
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July 22, 2015
19:14 EDTLYGJudge says Lloyds must release records in HBOS case, Reuters reports
London's High Court of Justice has ruled that Lloyds must disclose any legal advice it received prior to its acquisition of Halifax Bank of Scotland, as part of a GBP350M lawsuit brought by a group of Lloyds investors, Reuters reported earlier. The lawsuit alleges that Lloyds failed to disclose details of financial vulnerability at HBOS prior to seeking shareholder approval, said the report. Reference Link
18:18 EDTRBSRBS hires advisers to investigate treatment of small businesses, Reuters says
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09:59 EDTCSCredit Suisse CEO considers possible acquisition, FT reports
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06:15 EDTBCSBarclays close to SFO settlement over Qatar bribes, Daily Mail reports
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July 21, 2015
06:08 EDTLYG, RBS, BCSU.K. watchdog visited Barclays 186 times in 2014, Bloomberg reports
The FCA's supervisory team made 186 visits to Barclays (BCS) in 2014, more than any other British bank that year, Bloomberg reports. HSBC (HSBC) was next highest with 85 visits, with RBS (RBS) and Lloyds (LYG) following with 65 and 58 encounters, respectively, the report says. Reference Link
July 20, 2015
11:39 EDTBBVA, SANBanco Popular may be target in next round of Spanish bank M&A, Reuters says
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10:00 EDTAEGOn The Fly: Analyst Upgrade Summary
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08:16 EDTBBVAAccenture acquires full ownership stake in Solium from BBVA
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06:24 EDTBCSBarclays has no new target for layoffs, Reuters reports
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05:20 EDTAEGAEGON upgraded to Buy from Hold at Jefferies
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July 19, 2015
17:32 EDTBCSBarclays to cut 30,000 jobs in two years, The Times says
Barclays plan to cut 30,000 jobs within two years as it considers accelerating its cost-cutting program, reports The Times, citing senior sources. Reference Link
July 17, 2015
14:00 EDTDBEarnings Watch: Morgan Stanley rounds out quarterly results for financial firms
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12:37 EDTCSFreddie Mac to expand risk-sharing efforts, Bloomberg reports
Freddie Mac (FMCC) plans to expand its risk-sharing efforts designed to protect taxpayers and potentially prepare the U.S. home loan market for its future, Bloomberg reports, citing a person familiar with the matter. In a planned $300M offering of mortgage-backed securities managed by Credit Suisse (CS), the government-backed company is set to sell $22.5M of junior ranking bonds without guarantees, the report says. Freddie Mac intends to hold a call for investors next week to discuss the transaction, the report adds. Reference Link
10:05 EDTCSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Accretive Health (ACHI) downgraded to Market Perform from Outperform at Cowen... Allergan (AGN) downgraded to Outperform from Top Pick at RBC Capital... Best Buy (BBY) downgraded to Underperform from Buy at BofA/Merrill... Cablevision (CVC) downgraded to Hold from Buy at Jefferies... Credit Suisse (CS) downgraded to Hold from Buy at Deutsche Bank... Domino's Pizza (DPZ) downgraded to Sector Weight from Overweight at KeyBanc... First Quantum Minerals (FQVLF) downgraded to Neutral from Outperform at Credit Suisse... First Republic (FRC) downgraded to Market Perform from Outperform at FBR Capital... Fresenius SE (FSNUY) downgraded to Neutral from Buy at Goldman... Golden Minerals (AUMN) downgraded to Neutral from Buy at Roth Capital... JD Wetherspoon (JDWPY) downgraded to Reduce from Neutral at Nomura... NV5 Holdings (NVEE) downgraded to Neutral from Accumulate at Global Hunter... National Oilwell (NOV) downgraded to Sell from Neutral at UBS... Natural Gas Services (NGS) downgraded to Neutral from Buy at Global Hunter... Primoris (PRIM) downgraded to Neutral from Accumulate at Global Hunter... Receptos (RCPT) downgraded to Hold from Buy at Evercore ISI... SKF AB (SKFRY) downgraded to Hold from Buy at Deutsche Bank... STAG Industrial (STAG) downgraded to Sell from Neutral at UBS... SolarWinds (SWI) downgraded to Hold from Buy at Deutsche Bank... Syntel (SYNT) downgraded to Market Perform from Outperform at William Blair... TECO Energy (TE) downgraded to Neutral from Buy at UBS... Tangoe (TNGO) downgraded to Underweight from Equal Weight at Barclays... Tegna (TGNA) downgraded to Hold from Buy at Evercore ISI.
06:36 EDTDBBaFin accuses Deutsche Bank execs of Libor negligence, WSJ reports
German regulators have accused several Deutsche Bank executives of failing to halt or notify regulators about years of attempted market manipulation, the Wall Street Journal reports, according to a confidential report. BaFin, Germany's financial watchdog, sent the report to Deutsche Bank's board on May 11, less than a month before the bank announced that its co-CEOs Anshu Jain and Jurgen Fitschen intended to resign, the report says. Jain was singled out particularly int he letter for allegedly providing inadequate leadership and failing to stop manipulation of the London interbank offered rate, or Libor, and other benchmarks, the report says. Four other Deutsche bank board members and two other senior executives were also harshly criticized by BaFin in the report for negligence and selective disclosures, the Wall Street Journal says. Reference Link
05:28 EDTCSCredit Suisse downgraded to Hold from Buy at Deutsche Bank
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July 16, 2015
18:37 EDTBCSFINRA fines Barclays $800,000 over data reporting errors, Reuters says
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05:46 EDTDBFCA in early stages of investigation into Deutsche Bank, Financial Times reports
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July 15, 2015
08:35 EDTDBCNBC to hold a conference
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07:44 EDTBCSBarclays' Rake to step down from board to join WorldPay, Bloomberg reports
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07:42 EDTCSCommodity Futures Trading Commission to hold a public roundtable
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