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Why Hold Strategy is Apt for SunTrust Banks (STI) Stock Now

2017-11-16 zacks
A favorable operating backdrop with the anticipation of another interest rate hike by the Fed has driven investors’ optimism for banking stocks. So it’s a good idea to bet on some bank stocks that possess strong fundamentals and have solid growth prospects. SunTrust Banks (STI - Free Report) is one such stock. Easing margin pressure, rise in loan demand and improving asset quality are the major driving factors. (23-0)

HSBC to Pay $353 Million to Settle French Tax-Fraud Probe

2017-11-15 zacks
HSBC Holdings plc (HSBC - Free Report) will be paying 300 million Euros ($353 million) to settle a criminal investigation initiated by the French government for allegedly helping its affluent clients to evade taxes. It was found that HSBC helped customers in concealing their assets from the French tax authorities via the use of offshore tax havens. Per a Paris court judge, the fine levied upon the bank, includes a penalty of approximately 158 million Euros and damages and interest of about 142 million Euros. (55-0)

Mitsubishi UFJ Expands Investment Banking Business in Europe

2017-11-14 zacks
Mitsubishi UFJ Financial Group (MTU - Free Report) has recruited about 180 employees to date for its investment banking offices in Europe, the Middle East and Africa, with a view to expand operations and boost income outside the domestic market. (25-0)

Mitsubishi UFJ Financial Sues New York's Banking Regulator

2017-11-10 zacks
Mitsubishi UFJ Financial Group Inc. (MTU - Free Report) sued New York’s banking regulator to prevent it from supervising the company. Starting this week, it has switched to federal oversight for its state branches. The news was first reported by Reuters. On Nov 8, New York regulator announced that the bank and its New York branch will continue to be under its supervisory. The Japan-based lender has filed a complaint in the Manhattan federal court to stop the enforcement of the order passed by the regulator. (2-0)

Capital One's Ratings Affirmed by Moody's, Outlook Negative

2017-11-09 zacks
Moody's Investors Service, the rating services arm of Moody's Corporation, downgraded Capital One Financial Corporation’s (COF - Free Report) outlook from stable to negative. The company’s senior unsecured debt ratings were affirmed at Baa1. Additionally, the deposit ratings for its subsidiaries were confirmed at A1/negative/Prime-1. Moody’s believes that exceptional loan growth over the years has led to increased charge-offs particularly in credit card and C&I portfolios, which resulted in a decline in the profitability of the company and increased risk levels. (43-0)

Barclays (BCS) Fails to Get Rid Of Dark Pool Class Action

2017-11-07 zacks
Barclays PLC (BCS - Free Report) was unsuccessful in convincing the U.S. appeals court to undo the class action lawsuit that accused it of cheating its shareholders with regard to the private trading platforms or dark rooms, as per a Reuters report. Per the decision passed yesterday, the second U.S. Circuit Court of Appeals in New York allows investors in Barclays' American depository shares to take legal action against the bank as a group. (38-0)

Erste Group Bank's (EBKOF) CEO Andreas Treichl on Q3 2017 Results - Earnings Call Transcript

2017-11-05 seekingalpha
Erste Group Bank AG. (OTCPK:EBKOF) Q3 2017 Results Earnings Conference Call November 3, 2017 4:00 AM ET (55-0)

New Czech Hike to Set the Pace For European Rate Rises - Bloomberg

2017-11-02 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Is Europe Swinging to the Right? ETFs in Focus

2017-10-18 zacks
Austria went to polls on Oct 15 to choose its next leader. After a decisive victory for Sebastian Kurz, nationalist politics seems to be coming in the picture again. (20-0)

Europe’s Best Developed Stock Market May Get Election Boost - Bloomberg

2017-10-13 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (52-0)

UBS chairman joins in bitcoin bashing by bankers

2017-10-04 reuters
ZURICH (Reuters) - UBS Chairman and former Bundesbank President Axel Weber said on Wednesday bitcoin does not fulfil some of the most important functions of currency, the latest senior banker to express scepticism about the cryptocurrency. (28-1)

Commerzbank, other banks join UBS and IBM trade finance blockchain

2017-10-04 reuters
NEW YORK (Reuters) - Commerzbank AG, Bank of Montreal, Erste Group Bank AG and CaixaBank SA have joined an initiative launched by UBS Group AG and IBM Corp aimed at building blockchain-based technology to support trade finance transactions. (13-0)

Commerzbank, other banks join UBS and IBM trade finance blockchain

2017-10-04 themalaymailonline
The platform would help banks and their clients automate the trade finance process. — Reuters picNEW YORK, Oct 4 — Commerzbank AG, Bank of Montreal, Erste Group Bank AG and CaixaBank SA have joined an initiative launched by UBS Group AG and IBM Corp aimed at building blockchain-based technology to support trade finance transactions. (13-0)

Erste Group Bank's (EBKOF) CEO Andreas Treichl on Q2 2017 Results - Earnings Call Transcript

2017-08-04 seekingalpha
Erste Group Bank AG (OTCPK:EBKOF) Q2 2017 Earnings Conference Call August 4, 2017 3:00 AM ET

Erste Group Bank AG 2017 Q2 - Results - Earnings Call Slides

2017-08-04 seekingalpha
The following slide deck was published by Erste Group Bank AG in conjunction with their 2017 Q2 earnings call.

CUSIP: 005289837