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Stock Market & Financial Investment News

News Breaks
February 3, 2013
15:36 EDTDB, LCC, OPYOppenheimer 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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May 28, 2015
15:49 EDTDBGeneral Electric retains Deutsche Bank to sell Interbanca, Reuters reports
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May 26, 2015
11:30 EDTDBDeutsche Bank settles SEC charges over misstated reports for $55M
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May 21, 2015
06:13 EDTDBDeutsche Bank announces co-CEO Jain to assume direct oversight of strategy
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May 19, 2015
06:15 EDTDBDeutsche Bank explores moving parts if UK leaves EU, Financial Times says
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May 18, 2015
19:20 EDTDBDeutsche Bank retail chief to quit after disagreement, Reuters says
Rainer Neske, Deutsche Bank's head of retail banking, is set to resign because he disagrees with the company's restructuring program, reports Reuters, citing unnamed industry sources quoted by Handelsblatt. Reuters notes that the restructuring involves selling the Postbank retail business, increasing investments in equities and wealth management, and divesting up to $169.65B in investment bank assets. Reference Link
06:58 EDTDBDeutsche Bank co-CEOs won't step down, Reuters reports
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May 14, 2015
06:04 EDTDBUnivision IPO could launch 'in weeks,' NY Post reports
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