Dirk Becker

Type: Person
Name: Dirk Becker
First reported 20 mins ago - Updated 20 mins ago - 1 reports

UBS, Deutsche Bank’s Earnings Overshadowed by Litigation Costs

July 29 (Bloomberg) -- UBS AG and Deutsche Bank AG’s better-than-estimated second-quarter earnings were overshadowed by the disclosure of new regulatory probes as the banks struggle to boost revenue.UBS fell 0.8 percent by 2:17 p.m. in Zurich trading, ... [Published Washington Post - 20 mins ago]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

UPDATE 2-NY Fed found serious problems at Deutsche Bank's U.S. arms -source

* NY Fed sees shoddy financial reporting, inadequate auditing* Says Deutsche Bank made "no progress" fixing problems* Deutsche Bank to come under closer Fed scrutiny from 2016* Shares down 1.8 percent(Adds share price, analyst, background)FRANKFURT, July ... [Published CNBC - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Credit Suisse to exit commodities trade

Jeffrey Vögeli and Elena Logutenkova ZurichCredit Suisse Group would abandon commodities trading as a $2.6 billion (R27.6bn) fine to settle a US tax investigation pushed the Swiss bank to its biggest quarterly loss since 2008, it said.The bank’s net loss ... [Published Daily News South Africa - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Credit Suisse set to exit commodities

ZURICH — Credit Suisse Group said on Tuesday it would exit commodities trading and cut expenses at its foreign exchange and rates businesses, as a $2.6bn fine to settle a US tax investigation pushed the Swiss bank to its biggest quarterly loss since ... [Published BDlive - Jul 23 2014]
First reported Jul 21 2014 - Updated Jul 21 2014 - 1 reports

European Banksters Begin to Sweat As Il Capo Di Tutti Capi ECB Promises Scalps

By Don Quijones: According to reports along the grapevine, senior European bankers have begun sweating buckets this week – and not because of the harsh heat of high summer. The reason is fear – fear of what could happen as battalions of suited and ... [Published St George West - Jul 21 2014]
First reported Jul 21 2014 - Updated Jul 21 2014 - 1 reports

Credit Suisse Poised for Biggest Loss Since 2008 After Tax Fine

July 21 (Bloomberg) -- Credit Suisse Group AG is poised to report its biggest quarterly loss since the collapse of Lehman Brothers Holdings Inc. after being fined $2.6 billion for helping American clients evade taxes.The bank will tomorrow post a loss ... [Published Washington Post - Jul 21 2014]
First reported Jul 08 2014 - Updated Jul 08 2014 - 1 reports

Commerzbank Said to Face Penalties in U.S. Sanctions Probe

(Updates with analyst comments in fourth and final paragraphs, shares in fifth.)July 8 (Bloomberg) -- Commerzbank AG, Germany’s second- largest lender, will probably be the next bank to resolve alleged U.S. sanctions violations, a person with knowledge ... [Published Washington Post - Jul 08 2014]
First reported Jul 02 2014 - Updated Jul 02 2014 - 1 reports

Fracking debate intensifies in Germany

Sigmar Gabriel hopes to introduce key points for the regulation of fracking in Germany before the Bundestag convenes for the summer. But critics claim the controversial gas extraction method is rightfully banned in Germany, warning of pollution, and claiming ... [Published EurActiv.com - Jul 02 2014]

Quotes

"This seems to be a prelude for more trouble in the United States, making investors nervous," Kepler Cheuvreux analyst Dirk Becker said. "there's a lot of bashing of foreign banks to this, as the u s tries to squeeze fines out of them."
An amount of more than $500 million "will almost certainly have an impact on the p&l" said Dirk Becker , an analyst at Kepler Cheuvreux in Frankfurt, referring to the lender's profit and loss account
And Becker is not nervous about adverse effects on the German energy supply: "the shale gas deposits are not absolutely necessary to secure germany's supply, as there is more of a surplus at the moment" Becker said

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sort by: Date | Relevance
UBS, Deutsche Bank’s Earnings Overshadowed by L... [Published Washington Post - 20 mins ago]
UPDATE 2-NY Fed found serious problems at Deuts... [Published CNBC - Jul 23 2014]
Credit Suisse to exit commodities trade [Published Daily News South Africa - Jul 23 2014]
Credit Suisse set to exit commodities [Published BDlive - Jul 23 2014]
Credit Suisse to Exit Commodities, Posts Bigges... [Published Bank Investment Consultant - Jul 22 2014]
European Banksters Begin to Sweat As Il Capo Di... [Published St George West - Jul 21 2014]
Credit Suisse Poised for Biggest Loss Since 200... [Published Washington Post - Jul 21 2014]
Commerzbank Said to Face Penalties in U.S. Sanc... [Published Washington Post - Jul 08 2014]
Commerzbank Said Next to Face Penalties in U.S.... [Published Yahoo! Finance - Jul 08 2014]
Commerzbank Said to Face Penalties in U.S. Sanc... [Published Washington Post - Jul 08 2014]
Fracking debate intensifies in Germany [Published EurActiv.com - Jul 02 2014]
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European Banksters Begin to Sweat As Il Capo Di... [Published St George West - Jul 21 2014]
By Don Quijones: According to reports along the grapevine, senior European bankers have begun sweating buckets this week – and not because of the harsh heat of high summer. The reason is fear – fear of what could happen as battalions of suited and ...
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