Tag: Deutsche Bank

• Friday, April 24th 2015 - 08:25 UTC

  Deutsche Bank agrees to pay 2.5bn fine for manipulating the LIBOR rate

  

  The New York State Department of Financial Services (NYDFS) announced Thursday that Deutsche Bank had agreed to pay 2.5 billion (2.3 billion Euros) to US and UK authorities as part of a legal settlement over the bank's role in manipulating the London Interbank Offered Rate (Libor).

• Thursday, April 23rd 2015 - 08:54 UTC

  Griesa rules hedge funds entitled to details of recent Argentine bond offering and banks must comply

  

  U.S. judge on Wednesday ruled that hedge funds suing over unpaid debt stemming from Argentina's 2002 default are entitled to details of a recent bond offering by Buenos Aires.

• Friday, March 13th 2015 - 13:06 UTC

  Santander and Deutsche banks fail a US Fed Reserve “stress test”

  

  Spain's Santander and Deutsche Bank have failed a US “stress test” designed to assess whether lenders can withstand another financial crisis. The review, carried out by the Federal Reserve, gauges whether the biggest banks operating in the US have the “ability to lend to households and businesses even in times of stress”.

• Tuesday, August 12th 2014 - 06:10 UTC

  Venezuelan oil company begins operations with China’s Citic Bank

  

  Venezuela’s state-run oil company PDVSA has started using China Citic Bank to collect money from crude and fuel sales instead of Portugal’s Banco Espirito Santo, according to media reports in Caracas.

• Monday, July 28th 2014 - 07:34 UTC

  Three top banks accused by investor of trying to rig silver prices

  

  Deutsche Bank, HSBC and Bank of Nova Scotia have been accused of attempting to rig the price of silver, in a lawsuit filed in the US. The plaintiff alleges the banks, which set the price of silver each day, abused their position in the market.

• Wednesday, February 19th 2014 - 04:44 UTC

  Fed adopts tighter new rules for foreign banks to shield US taxpayers

  

  The US Federal Reserve adopted tight new rules for foreign banks to shield the US taxpayer from costly bailouts, ceding only minor concessions despite pressure from abroad to weaken the rule.

• Thursday, August 8th 2013 - 13:52 UTC

  Uruguay concludes successfully the issue of a new 2024 global bond

  

  Uruguay sold 2 billion in a new 2024 global bond at a yield of 4.521% as a part of a debt liability operation that includes a debt swap, the government said on Wednesday.

• Wednesday, August 7th 2013 - 02:39 UTC

  Uruguay floats 2bn dollars in bonds to help spread debt payment

  

  Uruguay priced 2 billion dollars in 10-year benchmark sovereign bond on Tuesday at a spread of 187.5 basis points over US Treasuries as part of the government's bid to improve its debt profile, according to reports from Thomson Reuter’s unit IFR. The bond priced at 99.833 with a 4.5% coupon and 4.521% yield, according to IFR.

• Friday, May 14th 2010 - 04:05 UTC

  US Looking into Possible Banks-Credit Rating Agencies Collusion

  

  Eight banks are facing a US investigation into the rating of their mortgage products, the BBC understands. New York Attorney General Andrew Cuomo is looking at whether the relationship between the banks and credit rating agencies was manipulated to gain better ratings for risky securities.