European equities closed mixed on Thursday, with a sharp decline in Shell shares hitting the U.K.'s FTSE 100 index.» Read More
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.
FRANKFURT, Oct 3- Abu Dhabi is exiting its investment in German carmaker Daimler, a German magazine reported, citing unidentified people within Daimler. Abu Dhabi's sovereign wealth fund Aabar is transferring t he rights to the last 3 percent of the shares it holds in Daimler to Deutsche Bank, manager magazin said. Deutsche Bank declined to comment.
*Strong demand for deal; order books over $6 billion. DUBAI, Oct 3- Qatar Islamic Bank, the Gulf Arab state's largest sharia-compliant lender, returned to global debt markets after two years with a $750 million Islamic bond sale on Wednesday, tapping into strong liquidity for regional issuers.
LONDON, Oct 3- Deutsche Bank is set to be the bank most affected, with profits hit hardest, by proposals to separate higher risk banking activities from traditional deposit-taking business, which are likely to affect about 20 banks, analysts said.
"There will be some pressure on banks in the short term due to the unexpected recommendations for real estate credit portfolios," Banco Espirito Santo say in a note to clients. It downgrades Deutsche Bank to "sell", whose shares are up 1.3 percent, albeit in light volumes of trading due to a public holiday in Germany.
DUBAI, Oct 3- Qatar Islamic Bank, the Gulf Arab state's largest sharia-compliant lender, will return to global debt markets after two years on Wednesday with a new five-year sukuk, taking advantage of strong liquidity for regional issues.
Oct 3- Deutsche Bank AG:. *Espirito Santo Investment Bank cuts Deutsche Bank to sell from. Reuters Station users, click. 1580.
DUBAI, Oct 3- Qatar Islamic Bank, the Gulf Arab state's largest sharia-compliant lender, is set to issue a $750 million five-year Islamic bond on Wednesday, a document from the lead arrangers said. Final price guidance for the sukuk tightened to 175-180 basis points over midswaps after substantial demand for the deal, with order books over $6 billion.
Oct 3- Deutsche Bank AG:. *Moody's: no rating impact on 17 structured finance transactions following. *Rpt-moody's: no rating impact on 17 structured finance transactions following.
Oct 3- Deutsche Bank AG:. *Moody's: no rating impact on 23 structured finance transactions following. *Rpt-moody's: no rating impact on 23 structured finance transactions following.
More than a dozen of Europe’s biggest banks face the upheaval and cost of building a ringfence around their trading activities if the findings of the EU-appointed Liikanen review are implemented. The likes of Deutsche Bank, Barclays and BNP Paribas are likely to be the hardest hit. The FT reports.
US authorities have increased the number of new investigations into insider trading by almost half in the past year, building on their recent crackdown on corruption among professional traders. The FT reports.
*Regulators at European Commission to consider the proposals. Recommendations of the group, set up by the European Commission, aim to shield taxpayers from having to fund further bailouts and to protect savers from any more banking collapses after more than five years of crisis.
LONDON, Oct 2- Goldman Sachs and Credit Suisse have emerged from the financial crisis as the biggest suppliers of brokerage services to the embattled hedge fund industry, a new study showed on Tuesday. Credit Suisse, which counts European hedge fund giant Brevan Howard as a key client, is in second place with $200 billion of assets.
DUBAI, Oct 2- Qatar Islamic Bank, the Gulf state's largest sharia-compliant lender, is planning to issue a five-year benchmark-sized Islamic bond, or sukuk, this week, arranging banks said on Tuesday. Benchmark-sized is understood to be at least $500 million. HSBC, Standard Chartered, Deutsche Bank.
BRUSSELS, Oct 2- Banks should separate deposit taking from trading and other high-risk investment banking work to shield taxpayers from further bailouts and protect savers, an EU advisory group said on Tuesday. The European Commission set up the group of experts, led by Bank of Finland Governor Erkki Liikanen, to examine bank structures.
*Natixis raises Banco Popolare target price to 1.12 euros. *Natixis raises BNP Paribas target price to 45.5 euros from 40 euros; rating buy. *Natixis raises Credit Agricole SA target price to 6.7 euros from.
*New York's top prosecutor opened a new front in efforts to hold banks accountable for the financial crisis by filing a civil lawsuit against JPMorgan Chase& Co, alleging widespread fraud by the company's Bear Stearns unit in the sale of mortgage-backed securities. *The judge overseeing the patent dispute between Apple Inc.