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April 22, 2012 Eleven Swiss banks are under investigation by the United States for aiding U.S. citizens suspected of dodging taxes.

April 19, 2012 Bank of America reports first quarter 2012 net income of US$ 653 million, compared to US$ 2,049 million in the first quarter 2011.

April 17, 2012 Citigroup Inc. reports first quarter 2012 net income of US$ 2,931 million, compared to US$ 2,999 million in the first quarter 2011.

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Press Release :: Deutsche Bank

Logo Deutsche BankDeutsche Bank has been rated the No.1 Global Prime Broker for the fourth consecutive year in the Global Custodian Prime Brokerage Survey, the industry benchmark for prime services. This year's survey received responses from 4,026 hedge fund managers, up a third from last year’s 3,215 responses.

Deutsche Bank earned the Most Top Rated award for the fourth consecutive year and, in addition, clients ranked the Bank the Best in Class in more categories than any other competitor. Best in Class awards single out prime brokers for excellence in serving hedge funds in each of the 13 service areas and 19 separate client-type categories.

Clients gave top ranking to Deutsche Bank's Global Prime Finance platform in Financing, OTC Derivatives, Margining, Prime Custodian, Value and Reputation. Clients also acknowledged Deutsche Bank’s global reach ranking it No.1 Best in Class in several regions, including Asia, Europe, Japan, North America and South Africa.

Global Custodian called the Bank's performance "outstanding across the board".

Source: Deutsche Bank
Date: 24.08.2011

Financial News

 Rating agency Moody's downgrades 16 Spanish banks - 18.05.2012
Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest sign of distress in Europe. Among those downgraded were giants Banco Santander and BBVA, the country's two largest banks.
Source: CNNMoney
 Middle East's Leading Banking Technology & Innovation Summit to be held in Dubai - 07.05.2012
Following on from the success of the 2011 Middle East Banking Technology & Innovation Summit, Expotrade announces that this year’s event will once again take place in Dubai on the 1-2 October 2012. This year’s conference will focus on strengthening the Middle Eastern banking and financial industry’s position within the global market.
Source: Expotrade
 More than 2.5 billion people around the world don’t have a bank account - 23.04.2012
Three quarters of the world’s poor don’t have a bank account, not only because of poverty, but the cost, travel distance and amount of paper work involved in opening an account, according to new data released by the World Bank.
Source: World Bank
 No breakthrough in Swiss-US tax dispute despite talks - 22.04.2012
Talks between senior U.S. and Swiss officials about a dispute over unpaid taxes on accounts held in Swiss banks led to no breakthroughs, Swiss President Eveline Widmer-Schlumpf said on Saturday.
Source: Reuters
 World's best emerging market banks in Central and Eastern Europe (CEE) - 26.03.2012
The following are the «World's best emerging market banks 2012 in Central & Eastern Europe» according to rankings published by Global Finance magazine:
Source: Global Finance
 Western Union to launch innovative payments platform WU Pay - 22.03.2012
The Western Union Company, a leader in global payment services, today announced that it will launch WU Pay, a new and innovative electronic payments platform that will significantly improve the customer experience and safety for millions of people seeking to make online payments or transfer money.
Source: Western Union
 U.S. Banks Complete Stress Tests - 14.03.2012
The majority of the largest banks will continue to have enough capital to satisfy regulators, even if they suffer a financial shock that includes unemployment hitting 13 percent and a 21 percent drop in housing prices, the Federal Reserve said on Tuesday.
Source: Reuters

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