New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 3, 2013
15:36 EDTLCC, OPY, DBOppenheimer ordered to pay U.S Airways $30M from ARS losses
In a regulatory filing from Friday, Oppenheimer Holdings (OPY) disclosed that an arbitration panel issued an order awarding US Airways (LCC) $30M in damages, including interest and costs, on a claim of approximately $140M (adjusted down from $253M). As previously reported, in February 2009, Oppenheimer received notification of a filing of an arbitration claim before FINRA captioned US Airways v. Oppenheimer seeking an award compelling Oppenheimer to purchase approximately $253M in Auction Rate Securities,ARS, issued by Deutsche Bank( DB), and previously purchased by US Airways through Oppenheimer. The effect of the award will result in a fourth quarter after-tax charge of $17.9M. The company is extremely disappointed with the decision of the panel and will pursue its previously filed arbitration against Deutsche Bank Securities, in an effort to recover the amount of the award plus all associated costs of the case. Oppenheimer is also currently considering whether to file a motion to vacate the order.
News For OPY;LCC;DB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 1, 2015
14:14 EDTDBDeutsche Bank upgraded to Market Perform from Underperform at Keefe Bruyette
Subscribe for More Information
09:04 EDTDBRREF Property Trust expands portfolio with student housing acquisition
Subscribe for More Information
08:00 EDTDBSecurity Traders Association to hold a conference
Subscribe for More Information
September 29, 2015
12:12 EDTDBAB InBev taps BofA, Santander for SABMiller offer financing, Bloomberg says
Subscribe for More Information
September 28, 2015
18:45 EDTDBAnalyst predicts Deutsche Bank will cut 10K jobs, Telegraph says
JP Morgan analyst Kian Abouhossein believes Deutsche Bank CEO John Cryan will announce plans to "cut expenses at the bank by at least EURO$2.5B by 2018, chop 10,000 staff and cut back on 10,000 of the external consultants paid for by the group," according to the Telegraph. Reference Link
06:20 EDTDBCOMCO probing UBS, Julius Baer for metals market price fixing, AFP reports
Subscribe for More Information
September 20, 2015
18:47 EDTDBBlackstone to announce Intertrust IPO, Bloomberg says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use