Foreign Money Center Banks
(DB) Deutsche Bank AG Turns Profit
Deutsche Bank AG (DB) reported a fourth quarter net income of €1.3 billion ($1.9 billion) or €2.00 a share, compared to a net loss of €4.8 billion or €8.71 per share a year earlier. Results were primarily driven by a tax benefit. Additionally, the company experienced...
4Feb2010 | vitalstocks | 0 comments | Continued(CS) Case Schiller Indexes Show Home Prices Edge Up
In November, housing prices increased by 0.24% on a seasonally adjusted basis for both the Case Schiller (CS) Composite 10 (CS-10) and Composite 20 (CS-20) city indexes. The CS indexes are considered the gold standard of housing price indexes, and track actual repeat sales, and...
26Jan2010 | vitalstocks | 0 comments | Continued(UBS) Swiss Ruling Worries UBS Investors
Last Friday, a Swiss court ruled against the transfer of data of American clients of UBS AG (UBS). This ruling has raised doubts about the settlement that had enabled the US authorities to get the details of alleged tax-evading American clients of UBS AG. According to the ruling,...
25Jan2010 | vitalstocks | 0 comments | Continued(IBN) ICICI Bank Limited’s Profit Increases
ICICI Bank Limited’s (IBN) 2010 fiscal third quarter (ended December 31) net earnings rose 6% sequentially to INR11.01 billion (US$237 million). The results were primarily driven by a decrease in loss provisions and reduced operating expenses. However, net earnings of ICICI...
25Jan2010 | vitalstocks | 0 comments | Continued(STD) Investing in Brazil: Two Ways to Profit From This Emerging Market’s Multiple Growth Trends
by Tony Daltorio, Investment U Research Team Monday, January 11, 2010 Soccer… the Samba… and carnivals. These are the things that spring to mind when you mention Brazil. But these days, the country is increasingly considered an excellent destination for investment capital,...
12Jan2010 | InvestmentU | 0 comments | Continued(UBS) Canada Presses UBS AG for Client List
Canada continues to pursue UBS AG (UBS) for the details of Canadian clients who have accounts in the Swiss bank. The Canadian government is negotiating with the Swiss Bank since September last year. However, Canada’s Revenue Minister Jean-Pierre Blackburn has warned that, if...
8Jan2010 | vitalstocks | 0 comments | Continued(UBS) Credit Suisse Group and UBS AG May Raise Liquidity
Swiss banks UBS AG (UBS) and Credit Suisse Group (CS) may need to raise their liquidity levels. The two Swiss banks may need to retain 45% of their customers’ deposits as the Swiss regulator intends to increase their liquidity requirements. The banks may need to hold 45% of...
22Dec2009 | vitalstocks | 0 comments | Continued(SAN) Non-US Banks Stock Review – December 2009 – Zacks Analyst Interviews
Starting as a credit issue in the subprime segment of the U.S. mortgage market, the worst financial crisis since the Great Depression spread to almost the entire financial services industry and all corners of the globe. However, we believe that the worst of the global financial...
22Dec2009 | vitalstocks | 0 comments | Continued(SAN) Non-U.S. Banks Stock Review – Dec. ‘09 – Industry Outlook
Starting as a credit issue in the subprime segment of the U.S. mortgage market, the worst financial crisis since the Great Depression spread to almost the entire financial services industry and all corners of the globe. However, we believe that the worst of the global financial...
21Dec2009 | vitalstocks | 0 comments | Continued(MTU) Mitsubishi UFJ Financial Group Prices Share Offering
Yesterday, Mitsubishi UFJ Financial Group Inc. (MTU) announced that it has set an offer price of $4.83 per share for 2.34 billion shares that it intends to issue. At its Board meeting on Nov 30, Mitsubishi announced to issue 2.34 billion of new shares by way of public offering...
15Dec2009 | vitalstocks | 0 comments | Continued(UBS) Canadians Disclose UBS Accounts
Canada’s Revenue Minister Jean-Pierre Blackburn said on Wednesday that around 88 Canadian clients of UBS AG (UBS) have voluntarily disclosed their UBS accounts to Canada’s revenue agency. The government has reached settlement with around 41 of these clients who have reported...
4Dec2009 | vitalstocks | 0 comments | Continued(MTU) Mitsubishi UFJ Financial Group to Issue Shares
At its Board meeting on Nov 30, Mitsubishi UFJ Financial Group Inc. (MTU) said that it plans to issue new shares and the secondary offering of shares along with a withdrawal of the shelf registration in Japan for future equity issuances. Mitsubishi, Japan’s largest bank,...
2Dec2009 | vitalstocks | 0 comments | Continued(CS) What Dubai banking and Dubai investment means for Black Friday and beyond
The emirate of Dubai, one of the seven United Arab Emirates, has been perhaps the ultimate poster child of excess. It is the land of the palm-shaped islands and the indoor ski slopes in the desert. Now it looks like Dubai banking and Dubai investment are in deep over their heads. The...
29Nov2009 | vitalstocks | 0 comments | Continued(UBS) Moody’s Investors Service Cuts UBS AG’s Ratings
Moody’s Investors Service has cut various ratings on UBS AG (UBS) pointing out the significant challenges the company continues to face in its Investment Banking and Wealth Management businesses. Moody’s has downgraded the bank financial strength rating and the long-term...
19Nov2009 | vitalstocks | 0 comments | Continued(BMO) Bank of Montreal – After Posting 3 Earnings Surprises in a Row, Fourth Quarter Estimates are Trending Higher
Bank of Montreal (BMO) is scheduled to report fourth quarter results on Nov 24. After posting 3 earnings surprises in a row, fourth quarter estimates are trending higher by a penny in the last week, rising to 90 cents. Bank of Montreal, which provides personal, commercial and...
16Nov2009 | vitalstocks | 0 comments | Continued(DB) A Green Energy Investing Guideline
by Louise Harris, Investment U Research Typically, when investors think about making money from climate change, they think about buying shares of companies that specialize in biofuels or alternative or green energy. But those aren’t the only ways to profit from the green...
11Nov2009 | InvestmentU | 0 comments | Continued(BCS) Barclays Plc Could Sell £4B in Assets to Clean Balance Sheet
Barclays Plc (BCS) is contemplating to spin off a £4 billion portfolio of complex credit assets as part of the initiative to clean up its balance sheet and alleviate shareholder concerns over its risky investments. The move is similar to the transaction it undertook last month...
13Oct2009 | vitalstocks | 0 comments | Continued(STD) Banco Santander, S.A. Raises $8B in Brazilian IPO
Banco Santander, S.A. (STD) has raised $8.1 billion (14.1 billion Brazilian reals) in a record initial public offering (IPO) of its Brazilian operations as the bank seeks growth away from the ailing Spanish economy. The Brazilian arm sold 600 million shares for 23.50 reals ($13.43)...
8Oct2009 | vitalstocks | 0 comments | Continued(UBS) UBS Investment Bank Boosts Energy Lending Business
As part of strengthening its Global Energy banking practice UBS Investment Bank, a subsidiary of UBS AG (UBS), is hiring 18 Investment bankers who will focus on energy lending. Based in Dallas , this new team will have Darrell Holley serving as Managing Director and Global Head...
8Oct2009 | vitalstocks | 0 comments | Continued($UBS) Swiss Banks Choose Safety Over Secrecy
On Wednesday, the US and the Swiss governments officially signed the new dual tax treaty which represents an important development for the Obama administration’s endeavor to fight international tax evasion. The Swiss government has agreed to the international standard on exchange...
25Sep2009 | vitalstocks | 0 comments | Continued(UBS) Swiss Exchange Probing UBS
UBS AG (UBS) is currently being probed by the Swiss Stock Exchange over possible violation of disclosures and corporate rules. The Swiss Exchange began an investigation into possible breaches of the ad hoc publicity directive during 2007 and 2008. The Swiss Exchange is also...
18Sep2009 | vitalstocks | 0 comments | Continued(UBS) Moody’s Under SEC Axe
Swiss banking giant UBS AG (UBS) was recently ordered to pledge its assets or provide bonds worth $35 million by Judge John Blawie at Connecticut Superior Court. The unfavorable order came as a blow after reports claimed that top credit ratings agencies had committed a securities...
11Sep2009 | vitalstocks | 0 comments | Continued($CS) Credit Suisse Group Trades at a Discount to the Overall Market
Credit Suisse Group (CS) has posted huge gains over the last 4 months as the financial sector has recovered from a virtual near-death experience. Company Description Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company worldwide. The...
5Sep2009 | vitalstocks | 0 comments | Continued(DB) Deutsche Bank to Redeem Oil Exchange-Traded Notes
Deutsche Bank AG (DB) yesterday announced that it will redeem all of its most bullish oil exchange-traded notes (ETNs), as the U.S. government plans to set stricter regulations in the commodities markets. Deutsche said it would redeem outstanding PowerShares DB Crude Oil Double...
2Sep2009 | vitalstocks | 0 comments | Continued(UBS) U.S. Asks UBS for Detailed Taxpayer Data
The United States has officially started the process of gathering account details on 4,450 American clients of UBS AG (UBS) who have allegedly evaded paying taxes. This formal request has been made after Switzerland agreed to provide the relevant client details. Over the years,...
1Sep2009 | vitalstocks | 0 comments | Continued(DB) Deutsche Bank Files vs. Taylor Bean
Deutsche Bank Securities Inc., the New York unit of Germany’s Deutsche Bank AG (DB), has a $42 million unsecured claim against mortgage lender Taylor, Bean & Whitaker Mortgage Corp. Taylor Bean filed for Chapter 11 bankruptcy protection on August 24 as it was forced...
28Aug2009 | vitalstocks | 0 comments | Continued(ITUB) Itau Unibanco Expands Via Merger
Itau Unibanco Holding S.A. (ITUB) and Porto Seguro have entered into an alliance aimed at the unification of residence and automobile insurance operations. Itau Unibanco will transfer its residential and car insurance portfolio to a new company to be named Itau Unibanco Seguros...
27Aug2009 | vitalstocks | 0 comments | Continued(BMO) Bank of Montreal – producing steady results in the very challenging financial sector
Bank of Montreal (BMO) is growing its core business segments and producing steady results in the very challenging financial sector. Company Description Bank of Montreal operates as a financial institution specializing in retail banking and other various financial services in...
4Aug2009 | vitalstocks | 0 comments | Continued($CS) Non-U.S. Banks – Zacks Analyst Interviews
In general, we believe it is still a bit early to get involved with non-US bank stocks as the fundamental outlook remains weak — asset quality will continue to deteriorate as individuals and companies default on loans, and revenues should continue to fall as loan growth...
30Jul2009 | vitalstocks | 0 comments | Continued(MTU) Plug-In Electric Vehicles: In Search of the Mass-Produced Hybrid
by David Fessler, Advisory Panelist We found out that Tesla Motors joined the growing list of automakers receiving federal funds this week. It locked up $465 million to develop and produce battery-powered vehicles. But as we know too well, large government checks are hardly ever...
29Jun2009 | InvestmentU | 0 comments | Continued