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Stock Market & Financial Investment News

News Breaks
April 3, 2014
07:30 EDTMHFI, MCO, DBMoody's left off bond deal as risk appetites grow, WSJ says
Moody's (MCO), known for adopting more-cautious stances than its rivals, was conspicuously absent from rating more than $1B in commercial-mortgage bonds that recently sold at similar yields as other recent sales, reported The Wall Street Journal. McGraw Hill Financial 's (MHFI) Standard & Poor's, Fitch and Kroll Bond Rating were called on to rate the "conduit" commercial-mortgage-backed deal organized by Deutsche Bank (DB) and Cantor Fitzgerald, the report noted. Reference Link
News For MCO;MHFI;DB From The Last 14 Days
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November 30, 2015
06:13 EDTDBDeutsche Bank to suspend on-boarding of new clients during review
Deutsche Bank said its board will stop the on-boarding of new clients and the introduction of new products to existing clients until the completion of its corporate review, according to a memo from co-CEO John Cryan on the company's website Friday. "First, in certain locations that have higher risk weightings, we will suspend the on-boarding of new clients and the introduction of new products to existing clients," the memo said. "Second, across the business divisions and in all locations, we will begin to transact with new clients only after we have completed all KYC procedures and on-boarded them. In the past, we had allowed for these activities to take place concurrently." Reference Link
06:06 EDTDBRBS to sell Russian banking assets to Expobank, Bloomberg reports
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November 29, 2015
19:05 EDTDBDeutsche Bank devised tax avoidance strategies for corporate clients, FT says
Deutsche Bank (DB) devised international tax avoidance strategies for certain of its corporate clients, reports the Financial Times, citing several documents and sources. The bank pitched its tax saving plans -- which featured so-called profit-participating instruments -- to companies including AB InBev (BUD), Archer Daniels (ADM), Bunge (BG), and Cargill this year, according to the publication. None of the proposals were illegal, noted the Financial Times, and Deutsche commented that "these transactions were never executed." Reference Link
November 25, 2015
09:03 EDTDBGE completes sale of consumer finance business in Australia, New Zealand
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06:11 EDTDBDeutsche Bank unit to pay $31M to resolve Swiss bank probe
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November 22, 2015
18:50 EDTDBDeutsche Bank to cut 1,000 jobs in London, Sunday Times says
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November 17, 2015
10:00 EDTMCOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CF Industries (CF) upgraded to Positive at Susquehanna... ExlService (EXLS) upgraded to Buy from Neutral at BofA/Merrill... Fitbit (FIT) upgraded to Buy at BofA/Merrill... Forward Air (FWRD) upgraded to Outperform at Baird... HD Supply (HDS) upgraded to Positive from Neutral at Susquehanna... Hannover Re (HVRRY) upgraded to Overweight from Underweight at JPMorgan... Moody's (MCO) upgraded to Buy from Neutral at UBS... PRA Group (PRAA) upgraded to Strong Buy from Market Perform at Raymond James... Plum Creek Timber (PCL) upgraded to Outperform from Sector Perform at RBC Capital... Shire (SHPG) upgraded to Outperform from Market Perform at Leerink... Yandex (YNDX) upgraded to Overweight from Equal Weight at Morgan Stanley... Zayo Group (ZAYO) upgraded to Buy from Neutral at MoffettNathanson.
08:02 EDTMHFIMcGraw Hill Financial business and EPCO sign agreement
S&P Capital IQ and SNL, a business unit of McGraw Hill Financial together with the Eurosystem Procurement Coordination Office, or EPCO, have signed a four-year agreement for the delivery of Standard & Poor's Ratings Services' credit ratings and research. The agreement allows the central banks of the European System of Central Banks, or ESCB, as members of EPCO to access a wide range of issuer credit data through S&P Capital IQ's RatingsDirect and Xpressfeed tools, as well as through several other market data vendors.
07:50 EDTMCO, DBClearing House to hold a conference
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05:50 EDTMCOMoody's upgraded to Buy from Neutral at UBS
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