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Stock Market & Financial Investment News

News Breaks
May 12, 2014
08:00 EDTRBS, DB, SCGLYSociete Generale argues for smaller share of rigging fine, Bloomberg says
Societe Generale (SCGLY) argues the European Commission made “a manifest error of assessment” in calculating the bank’s sales and is pushing to have to pay a reduced share of the $2.3B fine assessed against banks that settled over rigging benchmark interest rates, reported Bloomberg. Other banks having settled include Deutsche Bank (DB) and Royal Bank of Scotland (RBS), the report noted. Reference Link
News For SCGLY;DB;RBS From The Last 14 Days
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March 27, 2015
09:37 EDTDBGoldman Sachs overtakes JPMorgan in commodities rankings, Reuters says
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05:57 EDTRBSRBS to sell internationally managed private banking and wealth management unit
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March 26, 2015
11:50 EDTRBSRBS may sell Coutts to UBP for $600M-$800M, FT reports
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07:26 EDTDBDeutsche Bank receives government support for restructuring, Bloomberg says
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05:54 EDTRBSRBS raises value of Citizens sale to $3.7B, Financial Times reports
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March 24, 2015
07:21 EDTDBDeutsche Bank weighs three options to improve profits, Bloomberg says
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06:08 EDTRBSU.S. regulators say BNP, HSBC, RBS must rewrite living wills
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March 23, 2015
06:58 EDTRBSCitizens Financial announces 115M share secondary offering by RBS
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06:23 EDTRBSRBS set to sell more shares in Citizens, The Telegraph reports
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06:21 EDTRBSUBS in discussions to lease space from RBS in Connecticut, WSJ reports
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March 22, 2015
18:14 EDTDBDeutsche Bank revamp to impact retail operations, Reuters says
The planned restructuring by Deutsche Bank will have the most impact on the bank's retail operations, says Reuters. According to sources, the bank's retail operations will "bear the brunt" of the revamp and will most likely be spun off in a stock market listing, added Reuters. Reference Link
17:51 EDTDBLawsky targets Deutsche Bank in Libor probe, FT says
According to people familiar with the matter, New York state's financial services regulator Benjamin Lawsky has joined other regulators investigating Deutsche Bank for manipulation of the Libor benchmark borrowing rate, says the Financial Times. Reference Link
17:03 EDTRBSCitizens Financial could return 30%, Barron's says
Citizens Financial (CFG), a spinoff from RBS (RBS), could return 30% in the next two years, Barron's contends in a feature article. Shares trade at about a 20% discount to peers, the paper adds. Reference Link
March 20, 2015
07:17 EDTDBDeutsche Bank investors pushing for Postbank sale, Financial Times says
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March 18, 2015
07:20 EDTRBSU.S. considers 'tearing up' non-prosecution deals with banks, Bloomberg says
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March 17, 2015
08:26 EDTRBSFreddie Mac, Fannie Mae begin legal battle against Nomura, RBS, NY Post says
Freddie Mac (FMCC) and Fannie Mae (FNMA) alleged in court proceedings Monday that they bought "bad" mortgages because they were mislead by banks, reports the New York Post, citing court arguments. Monday was the first day of the lawsuit against Nomura (NMR) and co-defendant Royal Bank of Scotland (RBS) which seeks $1B in damages as well as the ability to return the securities to the banks. Lawyers presented internal bank emails that identified some mortgages as "crap" or from "extremely dysfunctional" lenders, while the banks alleged that they fully disclosed the poor quality of the products. Reference Link
March 16, 2015
14:08 EDTRBS, DBEU regulator says time for fine-tuning, Reuters says
The Basel Committee on Banking Supervision believes the necessary bank regulatory framework is in place though some additional work must be done to finalize leverage ratio and capital floor rules, Reuters reported yesterday, citing statements by secretary-general William Coen at a financial conference in Doha. Coen added, "We're now at the state where we can take a step back and look to see how [the regulations] fit together," cautioning that further analysis must be data-driven but admitting that both banks and regulatory bodies were feeling "regulation fatigue." Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
09:30 EDTDBConsortium wants to securitize $5.3B of debt from GE Capital, Reuters says
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March 15, 2015
12:41 EDTDBGE sells Australia-New Zealand consumer lending unit to consortium
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