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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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August 27, 2015
18:02 EDTUBSU.S. may prohibit Deutsche Bank, others from managing pensions, Bloomberg says
In correspondence dated mid-July, the U.S. Labor Department tentatively rejected requests from Deutsche Bank (DB), UBS (UBS), RBS (RBS) to manage U.S. pension funds, reports Bloomberg, citing letters between the organizations. Bloomberg notes that the Department could use the "threat of denial" to mandate stricter conditions on pension management. Reference Link
06:23 EDTCS, UBSGoldman hiring 'several hundred' employees for Warsaw units, Reuters reports
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August 21, 2015
08:40 EDTCSCanadian Security Traders Association to hold a conference
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August 20, 2015
06:07 EDTCSSamsung Bioepis picks Citi, Goldman as lead managers for IPO, Reuters says
Samsung Bioepis has selected Citigroup (C) and Goldman Sachs (GS) as the lead managers for its planned listening on Nasdaq next year, a source tells Reuters. Morgan Stanley (MS) and Credit Suisse (CS) will also take part in the listing for Samsung's (SSNLF) biosimilar drug development arm, the source says. Reference Link
August 17, 2015
12:45 EDTCSLondon City Airport chooses Credit Suisse to advise possible sale, Reuters says
London City Airport's owners have selected Credit Suisse to advise them on a potential sale that could value the company at as much as $3.1B, Reuters reports, citing two sources close to the deal. Reference Link

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