New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on OPY;LCC;DB the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 22, 2014
15:32 EDTDBNY Fed said Deutsche Bank U.S. unit reports 'inaccurate, unreliable,' WSJ says
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
July 10, 2014
07:08 EDTDBECB keeps tight grip on banks with health check results, Reuters says
The European Central Bank is targeting to keep a tight grip banks in the final phase of a balance sheet health check in October, giving them only 48 hours to review the test results before publishing them, according to Reuters, citing two people familiar with the matter. The assessment will look into banks’ balance sheets and measure their ability to handle shock and stress. 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).

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