Foreign Money Center Banks
(UBS) UBS AG Sells $1.5 Billion Notes
UBS AG (UBS) has sold $1.5 billion of senior unsecured bank notes through its Stamford branch. The notes have a coupon rate of 2.25% and mature on August 12, 2013.
Ratings from Moody’s Investor Services...
(UBS) UBS AG Announces They Will Pay $81 Million to Settle Charges
UBS AG (UBS) has hit the headlines again but this time for a wrong reason. The company has been ordered to pay $80.8 million by the Financial Industry Regulatory Authority Inc.’s (“FINRA”) arbitration...
(RBS) Royal Bank of Scotland Group Sells 318 Branches to Banco Santander
Royal Bank of Scotland Group plc.(RBS) has announced that it is selling its 318 branches and associated assets and liabilities to Santander UK plc., the U.K. unit of Banco Santander SA (
(RBS) Royal Bank of Scotland Group Fined $8.9 Million by U.K. Financial Services Authority
Royal Bank of Scotland Group plc (RBS) has been fined £5.6 million ($8.9 million) by the U.K. Financial Services Authority (FSA). The fine follows the company’s failure to possess adequate systems and controls...
(STD) Banco Santander SA on Acquisition Spree
Spain’s Banco Santander SA (STD) is on an acquisition spree. According to a report in Financial Times, the company has a number of acquisitions lined up in both the U.S. and the U.K.
The...
(BCS) Seven European Banks Fail Stress Tests
Europe stress-test results are out and only seven banks were found to be incapable of enduring another recession. However, no major banks have failed the test. The findings of the stress test that covered around 91 banks — accounting for 65% of the banking market in...
(DB) Deutsche Bank AG’s Second Quarter Profit Grows
Deutsche Bank AG (DB) reported a second quarter net income of €1.2 billion ($1.5 billion) or €1.75 a share, up from €1.1 billion or €1.64 per share a year earlier. While the company experienced a substantial...
(HBC) HSBC Clients Under U.S. Tax Review
In an effort to clamp offshore tax evasion, the U.S. authorities are investigating the U.S. clients of HSBC Holdings plc. (HBC). The clients in question are suspected not to have disclosed their accounts in...
(UBS) UBS AG Earns Spot as #2 Global Wealth Managers Despite Odds
In spite of the tax probe against UBS AG (UBS) that threatened the company’s age-old secrecy laws, the company ranked #2 as global wealth managers in 2009 as per the Global Private Banking study from Scorpio...
(BCS) U.S. Consumer Credit Down 4.5% in May
According to data released by the Federal Reserve on Thursday, U.S. consumer credit declined by $9 billion, at an annualized rate of 4.5%, in May to $2.42 billion. Following a $14.9 billion drop in April, this represents a decline for the fourth consecutive month.
The...
(HBC) HSBC Holdings Announces it Will Acquire Royal Bank of Scotland’s Indian Unit
HSBC Holdings Plc (HBC) on Friday announced that it will acquire the retail and commercial banking businesses of Royal Bank of Scotland Group Plc (
7Jul2010 | vitalstocks | 0 comments | Continued(UBS) UBS AG Posted Second Quarter Profits – Outflows Fall
UBS AG (UBS) has posted its second consecutive quarter of net profit, aided by strong contribution from its Investment Bank division and a drop in client money outflows.
UBS AG reported a first quarter...
(IBN) ICICI Bank Limited Reports Earnings Rise
ICICI Bank Limited (IBN) reported 2010 fiscal fourth quarter and full fiscal year (ended March 31) last week. For the fourth quarter, profit increased 35% year over year to INR10.06 billion (US$224 million)....
(UBS) UBS AG Projects Pre-Tax Profit – Deposit Outflows Slow
UBS AG (UBS) has announced today that it expects to report a pre-tax profit of at least CHF 2.5 billion ($2.3 billion) in the first quarter of 2010. The news comes just prior to its Annual General Meeting...
(BMO) Bank of Montreal – Improving Business in the First Quarter of 2010
Bank of Montreal (BMO) has been hitting new 52-week highs as the global recovery appears to be heating up.
I last reviewed BMO in July 2009 just as the recovery was taking hold in the financial sector....
($RBS) Outlook for the Non-U.S. Banks Industry
Starting as a credit issue in the subprime segment of the U.S. mortgage market, the worst financial crisis since the Great Depression has now spread to almost the entire global financial services industry. However, we believe that the worst of the global financial crisis is...
(UBS) UBS AG Pays Executives $51.8 Million
Bailed out Swiss bank UBS AG (UBS), which suffered a loss for a third consecutive year, has paid out $51.8 million in compensation to executive board members for 2009.
After repaying the $5.6 billion...
(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...
(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,...
(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...
(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...
(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...
(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,...
(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%...
(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...
(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...
(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...
(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...
(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...
(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...