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Stock Market & Financial Investment News

News Breaks
June 6, 2014
06:33 EDTCS, UBSSwiss banks given more time to hand over information to DOJ, WSJ reports
Some Swiss banks that may have helped wealthy Americans hide assets have been given an extra month to hand over information to the Justice Department about their activities, the Wall Street Journal reports. The banks now have until July 31 to provide information about their U.S. client businesses. Reference Link
News For UBS;CS From The Last 14 Days
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February 27, 2015
08:01 EDTCSWells Fargo fires Ocwen as bond overseer, hires Credit Suisse, Bloomberg says
Wells Fargo (WFC) has issued notices to Ocwen (OCN) terminating it as overseer of debt backing for two bond deals, reports Bloomberg, citing letters sent from Wells Fargo to bondholders. Wells Fargo stated in notices sent to bondholders that a majority of investors felt the move was correct. Wells Fargo plans to transfer responsibility to Credit Suisse (CS). Reference Link
February 26, 2015
14:01 EDTUBSBarclays to double provision for forex rigging fines, Sky News says
Barclays (BCS), which previously excluded itself from a broader settlement between several banking peers and regulators over alleged manipulation of foreign exchange rates as it worked to secure a binding agreement with all relevant authorities, will more than double its existing provision for forex fines next week, which may indicate that a settlement deal could be announced soon, said Sky News. Barclay took a GBP500M charge during the course of last year in advance of expected forex issue costs, the report noted. Other banks that previously agreed to a settlement included Bank of America (BAC), Citibank (C), HSBC (HSBC), JPMorgan Chase (JPM), RBS (RBS) and UBS (UBS). The report indicates that U.S. regulators have stepped up talks with banks including Barclays and the others involved. Reference Link
10:00 EDTCS, UBSOn The Fly: Analyst Initiation Summary
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07:13 EDTUBSUBS to hold investor trip
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05:32 EDTCSCredit Suisse initiated with an Underperform at Exane BNP Paribas
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05:32 EDTUBSUBS initiated with an Underperform at Exane BNP Paribas
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February 24, 2015
13:07 EDTCS, UBSEU official: Euro banks shouldn't also go through Fed's stress test, WSJ says
Jonathan Hill, the European Unionís new financial markets chief, told The Wall Street Journal that he does not see a need for the U.S. to give stress tests to European banks that have already received health checks in Europe. Hill says banks across Europe are "properly and sensibly capitalized." The WSJ reported last week that the U.S. units of two European banks, Deutsche Bank (DB) and Banco Santander (SAN), are set to fail the Federal Reserve's stress tests, though they passed ECB stress tests last year. Reference Link
07:21 EDTCS, UBSSecurities Industry & Financial Markets Association to hold a conference
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06:15 EDTCS, UBSBanks probed for possible rigging of precious metals markets, WSJ reports
Officials in the U.S. are investigating at least 10 major banks for potential rigging of precious-metals markets, sources tell The Wall Street Journal. The DOJ's antitrust unit are investigating the price-setting process for gold, silver, palladium and platinum in London, while the CFTC has begun a civil investigation, with both agencies making requests for information, including a subpoena to HSBC (HSBC) from the CFTC. According to a source, Credit Suisse (CS), JP Morgan (JPM), UBS (UBS), Societe Generale (SCGLY), Bank of Nova Scotia (BNS), Barclays (BCS), Goldman Sachs (GS) and Deutsche Bank (DB) are also under investigation. Reference Link
February 20, 2015
10:20 EDTCSHigh option volume stocks
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February 19, 2015
14:21 EDTUBS, CSS&P reportedly says Greece contagion not a major risk, Reuters reports
The risk of contagion spreading from Greece to other European countries is not that large, a German newspaper quoted S&P's chief sovereign ratings officer as saying, according to Reuters. The euro zone would be able to handle an exit of the bloc by Greece, the ratings officer was quoted as saying, Reuters reported. Publicly traded European banks 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
06:04 EDTCS, UBSFCA to investigate investment and corporate banking
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February 17, 2015
07:30 EDTUBSFrance requests testimony of UBS U.S. whistleblower, WSJ says
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06:39 EDTUBSBanks settle claims related to mortgage securities, Reuters says
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February 15, 2015
16:36 EDTCSCredit Suisse could rise over 20%, Barron's says
Credit Suisse shares continue to look cheap and shares could see a 20% upside and a 3.3% dividend this year, Barron's contends in a feature article. Reference Link
February 13, 2015
09:34 EDTCSCredit Suisse upgraded to Neutral from Underperform at Macquarie
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