European equities were in negative territory as oil prices and a slightly hawkish tone from the U.S. Federal Reserve managed to dent investor sentiment.» Read More
*Wells Fargo, the No. 4 U.S. bank, denies allegations. Oct 9- The U.S. government filed a civil mortgage fraud lawsuit on Tuesday against Wells Fargo& Co, the latest legal volley against big banks for their lending during the housing boom.
FRANKFURT, Oct 9- A German judge has renewed a push for Deutsche Bank AG and the family of late media mogul Leo Kirch to reach a settlement, the latest effort to settle one of Germany's longest-running corporate disputes.
MUMBAI, Oct 9- India shelved plans for an IPO in steelmaker Rashtriya Ispat Nigam Ltd, in a setback for the country's efforts to raise about 300 billion rupees through state share sales by the end of the fiscal year in March. The deal had been expected to raise roughly $200 million. UBS and Deutsche Bank had been hired as lead managers for the deal.
MANILA, Oct 9- The Philippines may raise as much as 200 billion pesos from its 25- year retail bond debut, which could lead to lower debt issues in 2013, a senior government official said on Tuesday.
HONG KONG, Oct 9- State-run Korea Deposit Insurance Corp launched on Tuesday an up to $235 million shares selldown in Korea Electric Power Corp, a source with direct knowledge of the plan said.
Oct 09-=============================================================================== Summary analysis-- Mongolian Resources Corp.--------------------- 09- Oct-2012=============================================================================== CREDIT RATING: B-/Stable/-- Country: Mongolia=============================================================================== Credit Rating History: Local currency Foreign currency 08- Oct-2012 B-/-- B-/--=============================================================================== Rationale.
FRANKFURT, Oct 9- The DAX top-30 index looked set to open 0.3 percent higher on Tuesday, according to premarket data from brokerage Lang& Schwarz at 0619 GMT. Related news DEUTSCHE BANK, COMMERZBANK Deutsche Bank indicated 0.3 percent higher Commerzbank indicated unchanged.
FRANKFURT, Oct 8- Germany's markets regulator signalled support on Monday for the proposals of an EU advisory group that last week called for banks' deposit-taking business to be legally separated from higher-risk activities.
Wonder what is keeping the British pound so strong? It's the British, stupid.
FRANKFURT, Oct 8- Germany's markets regulator signalled support for the proposals of an EU advisory group led by Bank of Finland Governor Erkki Liikanen, which called last week for banks' deposit-taking business to be legally separated from higher-risk activities.
DUBAI, Oct 7- Saudi Arabia's Kingdom Holding, the investment vehicle of Prince Alwaleed bin Talal, is planning to raise up to $500 million from a syndicated loan, with the proceeds largely to refinance existing debt, three banking sources said.
Digging deeper into Friday's jobs report, it’s clear Wall Street banks are no longer the fulcrum of financial industry jobs as they once were.
Standard& Poor's Ratings Services today affirmed its' AA-' credit rating on Claris Finance 2008' s class A notes. This is partially offset by the increase in 30+ days arrears, which reached 6.6% as of June 2012, compared with an average of 6.2% since June 2009.
Related news DEUTSCHE TELEKOM Indicated 0.4 percent higher. Sprint Nextel Corp is considering making a rival bid for MetroPCS Communications Inc, which agreed on Wednesday to a merger with Deutsche Telekom AG's T-Mobile USA, according to sources familiar with the situation.
Morgan Stanley is preparing to wield its axe again with more job cuts and smaller bonuses planned for next year as the investment bank attempts to boost shareholder returns.
LONDON, Oct 4- Charles Schwab and TD Ameritrade, two large United States- based trading firms, are shutting down some of their European businesses, marking the latest casualties of a slow trading year in the region. Charles Schwab warned clients on Tuesday it would close the European arm of OptionsXpress, its derivatives trading unit, on Nov. 30.
DUBAI, Oct 4- Deals from two major banks this week have reopened the Gulf debt market after an extended summer lull, and highlighted the lower yields that investors in the region are settling for as liquidity continues to far outstrip supply.
FRANKFURT, Oct 4- Deutsche Bank has suspended a handful of employees after it was criticised by a judge last year during a trial into tax evasion on carbon permits, a financial source familiar with the matter said on Thursday. Deutsche Bank declined to comment on whether any employees had been suspended.