The UK’s Financial Conduct Authority recently fined Deutsche Bank AG (USA) (NYSE:DB) trader Christian Bittar $17 million for trying to rig the benchmark interest rate. This is the latest in a series of public incidents involving Deutsche Bank, along with very poor Q1 results and market declining performance YTD. Deutsche Bank AG (USA) (NYSE:DB) shares fell -0.80% in last trading session and ended the day on $37.29. Deutsche Bank AG (USA) (NYSE:DB) quarterly performance is -8.38%.
UBS AG (NYSE:UBS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Thursday. UBS AG (NYSE:UBS) shares moved down -0.57% in last trading session and was closed at $19.31, while trading in range of $19.21 – $19.34. UBS AG (NYSE:UBS) year to date (YTD) performance is 0.31%.
Dutch lender ING Groep N.V. (NYSE:ING) announced Monday that it will sell 70 million existing ordinary shares in its insurance arm NN Group N.V. in an initial public offering at an estimated price range of 18.50 to 22.00 euros per share. The offering is expected to raise gross proceeds of up to 1.5 billion euros or $2.04 billion. ING Groep NV (ADR) (NYSE:ING) ended the last trading day at $14.16. Company weekly volatility is calculated as 0.95% and price to cash ratio as 3.04.ING Groep NV (ADR) (NYSE:ING) showed a negative weekly performance of -4.19%.
National Bank of Greece (NYSE:NBG) on 9 June was added to the “model portfolio” of JPMorgan’s European banking analysts Monday, who also added Banco Popular to the list following last week’s moves by the European Central Bank to improve funding to the banking sector. National Bank of Greece (ADR) (NYSE:NBG) net profit margin is 6.90% and weekly performance is -7.82%. On last trading day company shares ended up $3.77. Analysts mean target price for the company is $4.65. National Bank of Greece (ADR) (NYSE:NBG) distance from 50-day simple moving average (SMA50) is -5.51%.
Banco Santander Brasil SA, (ADR) (NYSE:SAN) the Brazilian unit of Spain’s biggest bank, is in talks to form a joint venture with Banco Bonsucesso SA to expand in payroll loans, a person with direct knowledge of the matter said. Banco Santander, S.A. (ADR) (NYSE:SAN) shares fell -0.85% in last trading session and ended the day on $10.49. Banco Santander, S.A. (ADR) (NYSE:SAN) quarterly performance is 19.34%.