The "Fast Money" traders give their positions on big banks as they are set to report. » Read More
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.
NEW YORK, Oct 2- Athanassios Diplas, Deutsche Bank's former global head of systemic risk, is in talks to take an advisory or consulting role with derivatives trade group the International Swaps and Derivatives Association, after leaving Deutsche Bank on Monday, said a person familiar with the situation.
A new hurdle to the 27 billion pound tie-up between BAE Systems and EADS was put up by the French on Tuesday as the country's largest industrial shareholder in EADS said that the 60-40 merger terms were unsatisfactory. Stephen Hester, chief executive of Royal Bank of Scotland, has admitted the institution is a "British poster child for what went wrong in banking".
Financial Times Headlines BANKS REAP PROFITS ON MORTGAGES AFTER QE3- CALL FOR BANK BONUSES TO BE PAID IN DEBT- GOOGLE MARKET CAP TOPS MICROSOFT- XSTRATA RECOMMENDS GLENCORE OFFER- FOUR CHARGED IN INSIDER TRADING DEALING CASE- WORKDAY EYES $3.8 BLN VALUATION IN IPO- BAKRIES TO SELL ASSETS TO REPAY LOAN- FRANCE THROWS COLD WATER ON EADS DEAL- SAC PLACES TOP MANAGER ON LEAVE- Overview BANKS REAP PROFITS ON MORTGAGES AFTER QE3.
*European Commission to receive recommendations on Tuesday By John O'Donnell. Bank of Finland Governor Erkki Liikanen, who led the group of academics and experts set up by the European Commission, will announce their verdict on how best to reform bank structures in the wake of the crisis that began five years ago.
FRANKFURT, Oct 1- Police in West Saxony said on Monday the white powder found at Deutsche Bank's offices in the town of Schkeuditz, east Germany, was not hazardous to health and did not harm any employee.
DUBAI, Oct 1- Abu Dhabi- listed First Gulf Bank. launched a five-year, $650 million bond at 210 basis points over midswaps, arranging banks said on Monday. Citi, National Bank of Abu Dhabi, HSBC, Standard Chartered and Deutsche Bank are arranging the deal.
--On April 20, 2012, we placed on CreditWatch negative our rating on Haus-1998-1's class B-2 notes, as a result of deteriorating credit support. Standard& Poor's Ratings Services has today taken various credit rating actions in Haus-1998-1 Ltd..
WARSAW, Oct 1- Brokerage houses in Warsaw are scaling back operations and in some cases could leave altogether because the boom in stock-market listings that helped them escape blood-letting in other financial hubs is fizzling out.
DUBAI, Oct 1- Abu Dhabi- listed First Gulf Bank. FGB's existing 2017 maturity- a $500 million Islamic bond, or sukuk,- was yielding about 2.7 percent on Monday, according to Thomson Reuters data, at a z-spread of about 207.6 basis points. Benchmark-sized is understood to mean at least $500 million.
DUBAI, Oct 1- Abu Dhabi- listed First Gulf Bank. Citi, National Bank of Abu Dhabi, HSBC, Standard Chartered and Deutsche Bank. Reuters reported last week that the lender, the second biggest by market value in the United Arab Emirates, was eyeing a new bond sale.
COMMERZBANK Indicated 0.5 percent lower. Commerzbank on Saturday declined to comment on a magazine report that it planned to pay no dividend for its 2013 financial year.