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Butterfield's (NTB) CEO Michael Collins on Q4 2017 Results - Earnings Call Transcript

2018-02-15 seekingalpha
The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Q4 2017 Earnings Conference Call February 15, 2018 10:00 AM ET (4-0)

Deutsche Bank Might Report Third Consecutive Loss in 2017

2018-01-08 zacks
Deutsche Bank AG will likely report annual loss consecutively for the third year, as its results are expected to be impacted by change in tax rates and poor performance of the investment banking segment. High legal expenses during the final quarter of 2017 also played a role in wiping out profit. (10-0)

Credit Suisse to Take a Big One-Time Hit From Tax Overhaul

2017-12-26 zacks
President Trump’s recently implemented tax bill has put Credit Suisse Group AG (CS - Free Report) at risk of reporting the third consecutive annual net loss in 2017 as it expects $2.3 billion as a one-time charge. Notably, the figure exceeds its previous estimate of CHF2.1 billion given earlier this month. (127-0)

Rovida Advisors Inc. - Current Holdings -

Rovida Advisors Inc. has disclosed 26 total holdings in their latest SEC filings. Most recent portfolio value is calculated to be $ 945,353,000 USD. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Rovida Advisors Inc.'s top holdings are Alibaba Group Holding Limited (NYSE:BABA) , Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) , Orion Engineered Carbons S. (256-2)

Barclays in Talks With SFO Regarding Qatar Fund Raising Scam

2017-12-19 zacks
Per Bloomberg, Barclays PLC (BCS - Free Report) is in talks with U.K. Serious Fraud Office (SFO) to evade charges against its operating units in relation to a 12 billion-pound ($16.1 billion) fund raising scam during the height of 2008 financial crisis. In June, SFO charged Barclays and its former executives for the non-disclosure of fees paid to the Qatari investors with a trial planned in 2019. The decision on whether the charges will be levied on Barclays is likely to be announced by the end of January 2018. (30-0)

HSBC's Prosecution Agreement Expires, DoJ to Dismiss Charges

2017-12-12 zacks
HSBC Holdings Plc (HSBC - Free Report) is set to put behind the money laundering fraud it was involved in five years ago and is committed to improve security and compliance systems. The Department of Justice (DoJ) has agreed to file a motion with the U.S. District Court to dismiss the charges under the now expired Deferred Prosecution Agreement (DPA). (15-0)

Deutsche Bank to Give a New Face to Asset Management Unit

2017-12-06 zacks
Before being listed in the market, Deutsche Bank AG’s (DB - Free Report) asset management wing is undergoing a transformation. Recently, the bank announced that Deutsche Asset Management (Deutsche AM) will be rebranded as DWS by first-quarter 2018. The rebranded arm will be given a new logo, expressing its forward thinking. In April 2017, CEO John Cryan revealed plans to save the bank from being shut down. (29-0)

Credit Suisse Investors to Reap Benefit From 3-Year Overhaul

2017-12-01 zacks
Credit Suisse’s (CS - Free Report) investors finally heaved a sigh of relief when the company’s CEO, Tidjane Thiam, announced plans to distribute about half of the net income earned to shareholders in the years to come. Also, he laid down fresh cost-cutting targets for 2019 and 2020. (20-0)

Deutsche Bank's (DB) Restructuring Moves Might Take 3 Years

2017-11-30 zacks
Co-head of Deutsche Bank’s (DB - Free Report) corporate and investment division (CIB), Garth Ritchie, revealed to a German daily, Handelsblatt, that the bank’s restructuring plans for the division are likely to be completed in another two to three years. Per Ritchie, the plan might get executed in two years’ time if the markets turn favorable for the bank. However, continuation of the sluggish nature would extend it to three years. (34-0)

Scotiabank to Buy BBVA Chile to Deepen Reach in Latin America

2017-11-29 zacks
The Bank of Nova Scotia (BNS - Free Report) aims to become the third-largest private bank in Chile with the acquisition of Banco Bilbao Vizcaya Argentaria, S.A.’s (BBVA - Free Report) 68.19% stake in BBVA Chile for about $2.2 billion (CAD$ 2.9 billion). (62-0)

Mitsubishi UFJ's Acquisitions Aid Growth Amid Negative Rates

2017-11-27 zacks
Mitsubishi UFJ Financial Group, Inc.’s (MTU - Free Report) efforts to expand through acquisitions will continue to support profitability. However, negative interest rates in Japan and mounting expenses remain major headwinds. Mitsubishi UFG has been steadily expanding inorganically. With an aim to boost operations, the company closed its business alliance deal with Hitachi, Ltd. in October 2016. In April 2016, it acquired a 20% stake in Security Bank Corporation to expand its business in Southeast Asia. (20-0)

UBS Group Witnesses Bottom-Line Pressure: Time to Sell?

2017-11-24 zacks
UBS Group AG’s (UBS - Free Report) profitability remains under pressure due to prevailing unfavorable interest rates and strict regulations in the domestic economy. (5-0)

Mitsubishi UFJ (MTU) Might Fail to Dodge Strict Supervision

2017-11-16 zacks
Mitsubishi UFJ Financial Group’s (MTU - Free Report) efforts to replace supervision of New York state Department of Financial Servicesfor a less grinding one is being resisted by the regulator, per an article by Financial Times. (14-0)

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)

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)

CUSIP: G0772R208