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Stock Market & Financial Investment News

News Breaks
February 3, 2013
15:36 EDTOPY, LCC, 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
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July 29, 2014
14:18 EDTDBNY regulator seeks monitors in Deutsche Bank, Barclays, WSJ says
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05:33 EDTDBDeutsche Bank reports Q2 net income EU 238M vs. EU 335M last year
Reports Q2 revenue EU 7.89B vs. EU 8.22B last year. Reports Common Equity Tier 1 ratio of 11.5% on a fully loaded Capital. Deutsche said its provision for credit losses declined 47% in Q2 to EU 250M compared to last year.
July 28, 2014
07:44 EDTDBInvestors looking for signs of Deutsche leveraging synergies, WSJ says
When Deutsche Bank reports its second quarter results Tuesday, investors will be looking for progress on the bank's stated goal of getting its investment bank and wealth-management business to work more to each other's benefit, said The Wall Street Journal. Reference Link
July 25, 2014
17:05 EDTDBHSBC, Deutsche Bank sued over manipulation of silver prices, Reuters reports
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06:40 EDTDBLoan write down standards changed for non-U.S. banks, NY Times says
A new accounting rule will enable banks outside of the U.S. to write down the value of loans earlier but could cause loans to become less attractive for those banks, according to The New York Times. The rule was issued by the International Accounting Standards Board, whose guidelines are followed in more than 100 countries but not in America, the newspaper stated. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).Reference Link
July 24, 2014
08:25 EDTDBDeutsche ability to pass U.S. stress tests questioned after warning, FT says
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08:20 EDTDBDeutsche Bank CFO faces internal criticism over reporting, WSJ says
U.S. authorities have expressed serious concerns about Deutsche Bank's financial data, it has recently come to light, but the bank's CFO Stefan Krause has also faced criticism from within the organization about the issues, say people familiar with the discussions, reported The Wall Street Journal. Reference Link
July 22, 2014
15:32 EDTDBNY Fed said Deutsche Bank U.S. unit reports 'inaccurate, unreliable,' WSJ says
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11:38 EDTLCCUS Airways joins Delta in canceling all Israel flights, AP reports
US Airways (LCC) has joined Delta Air Lines (DAL) in canceling all flights to Israel, the Associated Press reports. United Airlines (UAL) has not commented on the status of its flights to Israel. Reference Link
07:31 EDTDBSenate Homeland Security & Government Affairs Committee to hold a hearing
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July 18, 2014
06:26 EDTDBMetro hires Deutsche to guide on consumer-electronics unit, Bloomberg says
Metro (MTTRY) hired Deutsche Bank (DB) to examine options for its consumer-electronics unit, according to Bloomberg, citing two people with direct knowledge of the matter. The sources said that alternatives may include a sale, spinoff or IPO of the Media-Saturn division. Reference Link
July 16, 2014
08:25 EDTDBCNBC / Institutional Investor to host a conference
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