3 Financial Stock Stories to Bring in the New Trading Week

Deutsche Bank (NYSE:DB): Current price $44.85

According to Welt am Sonntag, the German financial regulator BaFin is probing whether Deutsche Bank should enhance the controls it holds in place against money laundering. It is said that the regulator believes that Germany’s number-one bank took too much time to report suspicious transactions to the police, perhaps because the bank’s internal alarm systems were not properly set up. It is currently looking at whether the problem is of a broader nature. The newspaper also reported that the maximum penalty for the company would come to $133,300.

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Visa Inc. (NYSE:V): Current price $175.31

To help Canadians contribute more than they already have to their own communities, Visa Canada and three top retailers are working jointly to support charities with the Visa payWave It Forward program. For a finite period at participating retailers — for every payment made with Visa payWave, Visa will contribute one dollar to the retailer’s charity of choice up to a maximum donation amount. A survey indicates that some 75 percent of Canadians believe that lack of funding is the biggest obstacle for donating more money to charity, but the Visa payWave It Forward promotion provides Canadians the opportunity to give a little more without donating their own cash.

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The Blackstone Group (NYSE:BX): Current price $21.45

Blackstone’s real estate division has made an offer to acquire the Hong Kong-listed construction company Tysan Holdings Ltd. at a price of $322.6 million, said a regulatory filing. The hedge fund investor giant made the offer for Tysan at HK$2.86 per share, which marks a 10-percent premium to the previous close which values the firm at $322.62 million. Blackstone is presently raising its first Asia real estate fund and placed the bid through Tides Holdings II Ltd. Barclays Capital Asia serves as advisor to Blackstone.

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