Shinzo Abe's economic policies may be aimed at bolstering Japan's manufacturing groups, but the country's banks are suffering an Abenomics ordeal. The Financial Times reports.» Read More
April 30- Deutsche Bank AG:. *RBC raises to outperform from sector perform; raises price target to 40 euros. Reuters Station users, click. 1580.
UBS CEO told CNBC Tuesday that the company is reaping the benefits of its radical restructuring, after the company reported a net profit of 988 million Swiss francs, beating expectations of a 510 million Swiss francs profit.
DEUTSCHE BANK Indicated 2.3 percent higher. Separately, the chairman of Monte dei Paschi di Siena said on Monday a lawsuit by the Italian bank against Nomura and Deutsche Bank over loss-making derivatives deals is well founded. Related news DEUTSCHE BOERSE Indicated 0.4 percent higher.
April 30- Deutsche Bank AG:. *Nomura raises price target to 36 euros fom 37 euros. Reuters Station users, click. 1580.
*Boston Consulting Group sees some banks dropping full-service trading. NEW YORK, April 30- Just a few Wall Street banks will be able to maintain large trading operations after adjusting to new rules and will achieve returns-on-equity of just 15 percent to 16 percent, according to a Boston Consulting Group report on Tuesday.
LONDON, April 30- Cost-cutting and resilient trading revenues helped Europe's investment banks keep pace with their U.S. rivals last quarter and boosted prospects that their slimmed-down operations can deliver rewards for investors. First-quarter results from Europe's big four investment banks- Deutsche Bank, Barclays, UBS.
Deutsche Bank in 2.8- billion-euro share issue to shore up balance sheet. Norway calls on BP to review risk management following leak Sainsbury prepares for CEO succession Reform call over' pitiful' pay rate at BoE's court Lloyds takes 250 mln stg hit on Spanish exit Bankrupt Kodak to shift film arm to UK pensioners Overview.
*Earlier offer range was 54- 62 euros/ share. FRANKFURT, April 29- German media conglomerate Bertelsmann has set the placement price for part of its stake in RTL Group at 55.50 euros, bringing it gross proceeds of up to 1.42 billion euros, RTL said on Monday.
SIENA, Italy, April 29- A lawsuit by Italy's Monte dei Paschi di Siena against Nomura and Deutsche Bank over loss-making derivatives deals is well founded, the bank's chairman said on Monday.
*Germany's BdB says will put Europe banks at disadvantage. FRANKFURT, April 29- German and British banking lobby groups on Monday slammed plans by U.S. regulators to toughen rules on foreign banks, saying they risk fragmenting banking supervision and causing major disruption to U.S. bank operations.
Take a look at some of Monday's midday movers:
SIENA, Italy, April 29- Shareholders at Italy's Monte dei Paschi approved on Monday a lawsuit against the lender's former managers and two foreign banks over loss-making derivative trades that brought it close to collapse.
FRANKFURT, April 29- The German banking association, BdB, said on Monday that a push by U.S. regulators to tighten oversight of foreign banks would put European banks at a competitive disadvantage internationally.
*Shares to be offered for 54- 56.50 euros/ share- sources. FRANKFURT, April 29- German media conglomerate Bertelsmann has narrowed the price range for the placement of part of its stake in RTL Group to between 54 and 56.50 euros per share, the lower end of the previous range, two people familiar with the process told Reuters on Monday.
April 29- The following are the top stories in the Wall Street Journal. *Hiding behind the profit gains of America's biggest companies is a worrying slowdown in sales growth, reflecting the combined effects of Europe's malaise, a stronger dollar and sluggish consumer spending.
FRANKFURT, April 29- The DAX top-30 index. on a joint production of a vehicle at the plant in Duesseldorf, German daily Rheinische Post reported on Monday, citing a Daimler spokeswoman. Related news DEUTSCHE BANK, GERMAN BANKS Deutsche Bank indicated 0.4 percent higher Commerzbank indicated 0.6 percent lower.
FRANKFURT, April 29- Deutsche Bank said it will raise 2.8 billion euros via a capital increase and seek an additional 2 billion euros to strengthen its balance sheet.
NEW YORK, April 28- A U.S. unit of Mitsubishi UFJ Financial Group Inc is in talks to acquire the rights to sell trust-banking services to Morgan Stanley's clients, in the bank's latest bid to expand its business abroad, a source familiar with the matter said on Sunday.
NEW YORK, April 28- Japan's Mitsubishi UFJ Financial Group is in discussion to buy trust-banking assets worth about $4 billion from Morgan Stanley, in the bank's latest bid to expand its business abroad, Bloomberg said on Sunday. Mitsubishi is Morgan Stanley's biggest shareholder.
FRANKFURT, April 28- Deutsche Bank has "zero tolerance" for customers seeking to evade taxes by holding assets in foreign accounts managed by the lender, Co-Chief Executive Juergen Fitschen told German radio broadcaster Deutschlandfunk.