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Stock Market & Financial Investment News

News Breaks
January 10, 2014
06:42 EDTBCS, CS, RBS, DB, HSBC, SAN, ING, UBS, LYGOfficial says some euro zone banks reducing lending, Reuters reports
Some euro zone banks are cutting back on their lending in an attempt to get higher marks on a stress test slated to take place later this year, a member of the European Central Bank's governing council said, according to Reuters. Reference Link
News For LYG;SAN;RBS;UBS;HSBC;CS;ING;DB;BCS From The Last 14 Days
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April 16, 2014
09:00 EDTCSCredit Suisse falls 2.2%
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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
07:25 EDTLYG, HSBCHitachi gathers $4.5B to finance Scotland-London express trains, Bloomberg says
Hitachi (HTHIY) has gathered $4.5B from an array of international institutions to fund its contract to construct 65 high-speed express trains to use on Britainís East Coast rail line between Scotland and London, according to Bloomberg, citing a company spokeswoman. Some of the lenders include the Bank of Tokyo-Mitsubishi, Japan Bank for International Cooperation, HSBC (HSBC), Lloyds Banking (LYG) and the European Investment Bank. Reference Link
06:18 EDTCSCredit Suisse says making progress in resolving litigation issues
Credit Suisse said in its earnings release, "Progress in resolving key legacy litigation issues in 2014 to date; continued focus on resolving the US tax matter with the United States Department of Justice."
06:15 EDTCSCredit Suisse reports Q1 net income CHF 859M vs. CHF 1.3B last year
Reports Q1 revenue CHF 6.47B vs. CHF 7.0B last year. Credit Suisse's Basel III CET1 ratio as of the end of Q1 was 14.3%, compared to 15.7% as of the end of Q4. The company said it is on track to achieve targeted run-off of non-strategic units. Its CEO said, "For the first quarter, we achieved a return on equity of 14% in our strategic businesses, well within reach of our 15% through-the-cycle target. This strong performance was driven by significantly improved profitability in Private Banking & Wealth Management, solid returns in Investment Banking and continued effective cost and capital management."
April 15, 2014
13:28 EDTCSNY regulator sent subpoena to Credit Suisse in tax probe, CNBC says
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13:18 EDTDBBank of China NY, Deutsche Bank sign MOU to expand clearing pact
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07:25 EDTRBSFederal Reserve Bank of Atlanta to hold a conference
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07:11 EDTBCSBarclays still deciding what to do with investment bank, WSJ reports
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06:58 EDTBCSBarclays appoints Gillies as non-executive director
Barclays announced that Crawford Gillies has been appointed as a non-executive director of Barclays and will become a member of the board remuneration committee with effect from May 1. The company said, "It is intended that Crawford Gillies will succeed Sir John Sunderland as chairman of the board remuneration committee at a date to be agreed, consistent with ensuring a smooth transition."
06:37 EDTCSAleris looking to sell recycling, alloy segment, WSJ reports
Aleris Corp (ARS), an aluminum producer, has hired Credit Suisse (CS) and KeyBank (KEY) as its financial advisers in a move to sell its recycling and custom alloy manufacturing segment, the Wall Street Journal reports, citing sources. The unit could fetch over $400M in a sale, the sources say. Reference Link
April 14, 2014
15:26 EDTCSLazard's Spencer hired away by Credit Suisse, WSJ says
Jim Spencer has been hired away from Lazard (LAZ) and will join Credit Suisse (CS) in October as the new head of the bankís Financial Institutions Group in the Americas, according to The Wall Street Journal, citing an internal memo. Reference Link
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
April 9, 2014
13:19 EDTRBSEU regulators say RBS can cancel U.K.'s dividend share, Reuters says
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10:06 EDTCSOn The Fly: Analyst Downgrade Summary
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09:36 EDTSANActive equity options trading on open
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07:23 EDTBCSBarclays relocates more suburban Singapore staff to city, Bloomberg says
Barclays is relocating more employees to an office in Singaporeís central business district from the suburbs to reduce expenses, according to Bloomberg, citing people familiar with the matter. Reference Link
05:38 EDTCSCredit Suisse downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded Credit Suisse to Underweight citing concerns over the bank's investment bank strategy.
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