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Stock Market & Financial Investment News

News Breaks
March 26, 2013
06:27 EDTUBSUBS sued by Kuwaiti sheik over $20M fee, WSJ reports
Kuwaiti Sheik Meshal Jarah Al Sabah alleges that a senior executive at UBS (UBS) offered $20M to get the bank an advisory role to derail a bid by Vivendi for Zain assets, reports the Wall Street Journal. The company eventually backed out of the deal and has now denied the allegations, but Sheik Meshal has sued the company because he had not received a payment. Reference Link
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August 28, 2014
06:35 EDTUBSEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone 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). Reference Link

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