Canadian Imperial to Record Restructuring Cost Up to C$200M
Zacks Equity Research - Zacks Investment Research - Thu Oct 08, 10:20AM CDT
Canadian Imperial Bank of Commerce (CM) would record a restructuring charge in the range of C$175 million to C$200 million in its fiscal fourth-quarter 2015 results and may incur further restructuring costs in the near future
BMA: 43.35 (-0.45), TD: 40.98 (-0.16), CM: 76.83 (+0.24)
Itau Unibanco Seeks to Offload R$3B Non-Performing Loans
Zacks Equity Research - Zacks Investment Research - Mon Oct 05, 3:15PM CDT
Itau Unibanco Holding S.A. (ITUB) rose 5.2% on Friday on the NYSE as the company, one of the largest banks by assets in Brazil, is exploring to sell non-performing loans with a face value of about R$ 3 billion ($760 million)
MTU: 6.45 (-0.05), DB: 29.34 (+0.95), ITUB: 7.77 (+0.02)
Credit Suisse Settles with SEC over Deficient Data Submission
Zacks Equity Research - Zacks Investment Research - Tue Sep 29, 10:10AM CDT
Credit Suisse Securities (USA) LLC - a subsidiary of Credit Suisse Group AG (CS) ??? is set to pay $4.25 million to the Securities and Exchange Commission (SEC) for providing deficient information to the regulator regarding its customer trades
MTU: 6.45 (-0.05), CS: 24.77 (+0.24), DB: 29.34 (+0.95)
Global Payments and CaixaBank Announce Central and Eastern European Joint Venture with Erste Group Bank
Business Wire - Mon Jul 27, 7:30AM CDT
Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology services, CaixaBank, Spain's largest bank by market share, and Erste Group Bank AG, a leading financial services provider in Central and Eastern Europe (CEE), announced today an agreement to form a joint venture to provide merchant acquiring and payment services in three core locations in Central and Eastern Europe: Czech Republic, Slovakia and Romania.
GPN: 133.02 (+0.57)
Deutsche Bank's New CEO May Cut Trading Business - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jul 02, 3:10PM CDT
Deutsche Bank AG's (DB) newly appointed co-chief executive officer John Cryan hinted that he will reduce the company's trading operations
SMFG: 8.05 (-0.08), BFR: 16.80 (+0.13), DB: 29.34 (+0.95)
Court Denies Consent: End of HSBC-Deutsche Bank MBS Suit? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Jun 12, 10:20AM CDT
HSBC Bank USA, National Association, a subsidiary of UK-based HSBC (HSBC), did not receive permission from New York's top state court to reopen a mortgage backed securities (MBS) related lawsuit filed in 2012.
HSBC: 40.57 (-0.22), DB: 29.34 (+0.95), UBS: 19.79 (-0.10)
Deutsche Bank Settles LSS Trades Probe for $55M - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 27, 1:45PM CDT
Deutsche Bank AG (DB) is set to pay $55 million to U.S. Securities and Exchange Commission (SEC) to settle claims that it had hidden at least $1.5 billion in paper losses during the worldwide financial crisis
HSBC: 40.57 (-0.22), DB: 29.34 (+0.95), UBS: 19.79 (-0.10)
The Weekender
Aviate - at Seeking Alpha - Sun May 24, 5:13AM CDT
Deflation vs. Inflation While we are agnostic on the subject of Deflation vs. Inflation, what is clear is that the market has over-priced the risk of one outcome (deflation) at the expense of the other (how else can you explain the...
LYG: 4.80 (+0.03), PFE: 33.24 (+0.15), GSK: 40.22 (+0.06), PSO: 18.72 (-0.04), ORAN: 15.80 (+0.27), AMFW: 12.62 (+0.20), TI: 12.49 (+0.29), IGTE: 48.00 (+0.31), SAP: 68.38 (+0.82), LBTYA: 45.15 (-0.06), BHP: 37.76 (+0.44), ING: 14.44 (-0.18), TWC: 187.38 (-1.06), RIO: 39.74 (+0.93), NTAP: 33.16 (+0.89), VOD: 32.32 (-0.09), CRM: 75.25 (+0.16)
Swiss Franc Euro Peg Decoupling Fallout
The Nattering Naybob - at Seeking Alpha - Fri Feb 06, 1:37PM CST
CS: 24.77 (+0.24), FXE: 111.29 (+0.77), FXF: 100.66 (+0.51), EWL: 31.89 (+0.07)
Orc's Electronic Execution solution deployed by Erste Group with Orc FIX Access for connectivity
M2 - Thu Feb 05, 5:39AM CST
Orc AB (STO: ORC), a provider of derivatives trading technology, announced on Tuesday the award of a multiyear contract by the Erste Group Bank AG, a financial services provider.
ORC: 9.54 (-0.62)
Erste Group Adds Orc Electronic Execution Solution with Orc FIX Access for Connectivity
Business Wire - Tue Feb 03, 3:18AM CST
Orc (STO:ORC), a global leader in derivatives trading technology, today announced a multiyear contract with Erste Group Bank AG. A longtime Orc client, Erste Group's Equity Capital Markets team has used Orc for trading and market making, in particular on Erste's own structured products. By migrating to Orc's Electronic Execution platform, including the Orc FIX Access connectivity product, Erste Group has now consolidated legacy market access gateways into a coherent, manageable and expandable framework, while significantly reducing complexity and infrastructure cost.
ORC: 9.54 (-0.62)
The Fat Lady Is Clearing Her Throat
Pater Tenebrarum - at Seeking Alpha - Wed Jan 21, 4:32PM CST
Swiss Franc Revaluation Repercussions - Swiss, Polish and Austrian Banks in the Crosshairs The SNB's unexpected suspension of the EURCHF minimum exchange rate continues to claim victims. There have been a number of spontaneous combustion events...
EWO: 16.02 (+0.03), EU: 20.54 (-0.08), PLND: 16.77 (+0.05), FXE: 111.29 (+0.77), EPOL: 22.02 (+0.04), FXF: 100.66 (+0.51), EWL: 31.89 (+0.07)
Best European Stock Ideas Today: 10/24/2014
Aviate - Seeking Alpha - Fri Oct 24, 11:49AM CDT
1. The importance of Sunday 2. RBS, Ireland and KBC 3. Telco/Vodafone: a play on price, at least its second derivative 4. The other large-cap dividend re-weight candidate, GlaxoSmithKline 5. ThyssenKrupp: rebound continues 6. Volvo:...
PSO: 18.72 (-0.04), IR: 54.85 (-0.01), GSK: 40.22 (+0.06), UL: 42.67 (-0.23), VOD: 32.32 (-0.09)
Foreign Banks: Geopolitics, Regulations Cloud Prospects - Zacks Analyst Interviews
Kalyan Nandy - Zacks Investment Research - Tue Oct 21, 1:23AM CDT
Foreign Banks: Geopolitics, Regulations Cloud Prospects - Zacks Analyst Interviews
BCS: 15.71 (-0.10), BMO: 58.40 (+0.13), BCA: 13.87 (-0.01), BCH: 65.56 (-0.16), CS: 24.77 (+0.24), HDB: 63.89 (-0.84), RY: 57.10 (-0.06), DB: 29.34 (+0.95), HSBC: 40.57 (-0.22), RBS: 10.21 (-0.01), UBS: 19.79 (-0.10)
Foreign Banks: Geopolitics, Regulations Cloud Prospects - Industry Outlook
Kalyan Nandy - Zacks Investment Research - Tue Oct 21, 1:23AM CDT
Foreign Banks: Geopolitics, Regulations Cloud Prospects - Industry Outlook
BCS: 15.71 (-0.10), BMO: 58.40 (+0.13), BCA: 13.87 (-0.01), BCH: 65.56 (-0.16), CS: 24.77 (+0.24), HDB: 63.89 (-0.84), RY: 57.10 (-0.06), DB: 29.34 (+0.95), HSBC: 40.57 (-0.22), RBS: 10.21 (-0.01), UBS: 19.79 (-0.10)