New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 3, 2013
15:36 EDTOPY, DB, LCCOppenheimer 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.
August 28, 2015
06:28 EDTDBProsecutor wants to summon Murdoch, others in Deutsche Bank case, Reuters says
Subscribe for More Information
August 27, 2015
18:02 EDTDBU.S. may prohibit Deutsche Bank, others from managing pensions, Bloomberg says
In correspondence dated mid-July, the U.S. Labor Department tentatively rejected requests from Deutsche Bank (DB), UBS (UBS), RBS (RBS) to manage U.S. pension funds, reports Bloomberg, citing letters between the organizations. Bloomberg notes that the Department could use the "threat of denial" to mandate stricter conditions on pension management. Reference Link
August 26, 2015
12:06 EDTDBDeutsche Bank traders questioned by SFO in Libor probe, Bloomberg says
Subscribe for More Information
August 18, 2015
09:02 EDTDBDeutsche AWM acquires Wicker Park Commons shopping plaza
Subscribe for More Information
06:49 EDTDBDeutsche Bank reorganizes FIC business, FT reports
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 theflyonthewall.com disclaimer & terms of use