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Zacks News
Banco Macro (BMA) Catches Eye: Stock Jumps 6.8%
by Zacks Equity Research
Banco Macro (BMA) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.
Deutsche Bank's Ratings Downgraded by Fitch, Outlook Evolving
by Zacks Equity Research
Deutsche Bank???s (DB) long-term Issuer Default Rating (IDR) cut to 'BBB' and Viability Rating (VR) to 'bbb', by Fitch Ratings. Moreover, the outlook changes to 'evolving' from 'negative'.
Itau Unibanco of Brazil to Shut Down 400 Branches
by Zacks Equity Research
Itau Unibanco (ITUB) intends to close 400 branches as more number of financial transactions are shifting to digital platforms.
UBS Group (UBS) Might Witness Ratings Upgrades by Moody's
by Zacks Equity Research
UBS Group's (UBS) ratings can go up if Moody's feels that it can maintain its profitability even in less favorable economic conditions.
Credit Suisse (CS) Penalized by Singapore for 1MBD Probe
by Zacks Equity Research
The Monetary Authority of Singapore ("MAS") imposed a fine on Credit Suisse Group AG (CS) and United Overseas Bank Limited (UOVEY) after concluding the two-year investigation.
Citizens (CFG) Stock Falls on News of Employees Faking Data (revised)
by Zacks Equity Research
Citizens Financial had launched the program in Feb 2016, to build stronger relationships with customers and have a better idea of their needs.
Citizens (CFG) Stock Falls on News of Employees Faking Data
by Zacks Equity Research
Troubles started for Citizens Financial Group, Inc. (CFG) after 11 former and current employees across five states disclosed that they faked data regarding appointments under the 'Citizens Checkup' program. The report was published in Wall Street Journal.
Citi Plans to Return to Saudi Arabia, Applies for License
by Zacks Equity Research
In order to conduct business again in Saudi Arabia, Citigroup Inc. (C) has applied for a banking license with the Capital Market Authority (CMA. The move comes as scope for investment is opening up in that nation.
4 Reasons to Add Citigroup (C) to Your Portfolio Now
by Zacks Equity Research
Since Donald Trump's victory, banking stocks have been on a rally. Expectations of lesser regulations and an improving interest-rate environment along with the strengthening of domestic economy have created further optimism. One of the stocks displaying healthy prospects is Citigroup Inc. (C).
Why People's United Should Be Part of Your Portfolio Now
by Zacks Equity Research
On Mar 27, we issued an updated research report on People???s United Financial, Inc. (PBCT). The company has benefitted from its inorganic growth strategy over time. Also, its organic growth has been impressive.
Should Finance Investors to Switch to Foreign Bank Stocks Now?
by Zacks Equity Research
It will be a good idea to switch to foreign bank stocks instead. These companies, mainly operating in their home countries, are largely influenced by local economic growth.