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Stock Market & Financial Investment News

News Breaks
January 15, 2014
06:35 EDTBCS, CS, RBS, DB, HSBC, SAN, ING, UBS, LYGEU reaches deal to tighten regulation of derivatives, NY Times says
The EU's government last night hammered out a deal that will enable the bloc to more tightly regulate the trading of derivatives and other complex instruments, according to The New York Times. Under the deal attempts by speculators to corner raw materials markets will be curbed, and new restrictions on high frequency trading will be implemented, while trading activity will be made more transparent, the newspaper stated. Reference Link
News For LYG;SAN;RBS;UBS;HSBC;CS;ING;DB;BCS From The Last 14 Days
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December 26, 2014
06:20 EDTCSCredit Suisse fails to block lawsuit from NY AG, Bloomberg reports
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December 24, 2014
12:05 EDTHSBCWells Fargo, HSBC, BNY face subprime suit, Bloomberg says
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December 23, 2014
11:09 EDTRBSRBS says investigating over 50 current, former traders in forex investigation
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07:26 EDTUBS, HSBC, ING, LYG, RBS, SAN, DB, BCS, CSBank use of rating agencies to measure risk to be restricted, FT reports
The Basel Committee on Banking Supervision is seeking to sharply reduce the scope to which banks will be allowed to rely on external ratings from credit agencies like McGraw Hill Financial's (MHFI) S&P Ratings and Moody's (MCO) to assess the risks in their portfolios, reported Financial Times. Another Basel initiative aims to limit banks’ ability to game the system using internal models to calculate capital, said FT. A spokesperson for Moody’s told the FT: “We have long advocated reducing mechanistic reliance by regulators on any single risk indicator, including credit ratings. We believe our ratings will continue to serve market participants as a valuable source of insight on credit risk.” Publicly traded large European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
December 22, 2014
12:39 EDTDBDeutsche Bank Securities ordered to pay $3M to settle charges by CFTC
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December 18, 2014
07:45 EDTBCSBarclays says more funds to be put aside to settle forex claims, Sky reports
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06:38 EDTLYGU.K. says to reduce stake in Lloyds Banking, NY Times reports
The British government said it would cut its stake in U.K. bank Lloyds Banking (LYG) by gradually selling shares over the next six months, according to The New York Times. The government could begin selling shares soon, although the process may not kick off until 2015, the newspaper stated. Reference Link
06:35 EDTDBDeutsche Bank to examine strategy, may revise profit targets, Reuters reports
Deutsche Bank said it would examine its strategy next year, according to Reuters. The statement came after a business magazine said the bank was weighing major changes, possibly including revising its profit targets and selling its Postbank retail unit, the news service stated. Reference Link
December 17, 2014
13:24 EDTLYGMorgan Stanley gets GBP1 fee to sell stake in Lloyds, WSJ says
Morgan Stanley (MS) has landed a prestigious deal and will collect a fee of GBP1 or $1.57 to sell down a potentially large stake in Lloyds Banking Group (LYG), says the Wall Street Journal. Morgan Stanley has until June 30, 2015 to sell what may amount to GBP3B worth of stock, added the Wall Street Journal. Reference Link
12:40 EDTINGING Groep upgraded to Outperform from Neutral at Macquarie
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09:50 EDTLYGUK Financial Investments announces intent to sell shares in Lloyds Banking
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07:20 EDTCS, DBCapital Link to hold a forum
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December 16, 2014
17:11 EDTUBSGIC Private reports 7.07% passive stake in UBS
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07:58 EDTBCSBarclays volatility at upper end of 18-month range
Barclays overall option implied volatility of 29 compares to its 26-week average of 26 according to Track Data, suggesting large price movement.
06:56 EDTLYG, RBSRoyal Bank of Scotland, Lloyds fail stress test, NY Times says
The Royal Bank of Scotland (RBS) and Lloyds (LYG) failed a stress test performed by the Bank of England, according to The New York Times. The central bank found that Royal Bank and Lloyds would not have had enough capital to withstand a severe financial shock at the end of last year, the newspaper stated. However, Lloyds has raised enough capital this year to survive the stress test scenario, the newspaper quoted the Bank of England as saying. Reference Link
06:35 EDTHSBC, RBS, BCS, LYGBank of England says seven of eight banks pass stress test
The Bank of England said that all but one of the eight banks passed its stress test. The one bank, Co-operative, needs to submit a revised plan to strengthen its balance sheet. Royal Bank of Scotland (RBS), Lloyds (LYG) and Co-operative were found to be the most susceptible to a housing crash and spike in unemployment. RBS and Lloyds passed the stress test, however. Both banks need improved capital positions, but have already put in place plans to do so, the central bank's Prudential Regulation Authority stated. Reference Link
06:07 EDTRBSRBS to sell portfolio of Irish real estate loans to Cerberus for GBP 1.1B
The Royal Bank of Scotland Group announced the agreement to sell a portfolio of Irish real estate loans to an entity controlled by Cerberus. At completion, RBS will receive cash consideration of up to GBP 1.1B at current exchange rates. Completion is expected in 1Q15. The sale proceeds will be used for general corporate purposes. The transaction, which represents RWA equivalent of cGBP 1.22B as at September 30, is part of the continued reduction of assets in its RBS Capital Resolution division and is in line with the bank's plan to strengthen its capital position and reduce higher risk exposures. The carrying value of the loans is cGBP 1B, the gross assets are cGBP 4.8B and generated a loss of GBP 0.8B, principally impairment provisions, in the year to December 31, 2013.

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