3 Financial Stock Stories To Take To The Bank

Nomura Holdings (NYSE:NMR): Current price $7.53

Shares slid the most in two weeks, following prosecutors in Italy reporting that they expect to seize 1.8 billion euros of its assets within an investigation intoBanca Monte dei Paschi di Siena. The seizures are connected to allegations of fraud and usury related to Monte Paschis utilization of derivatives to conceal losses, said prosecutors in Siena, where the Italian bank is based, in a statement. Monte Paschi alleged that Nomura colluded with its former managers to create one of twoderivativesin 2008 and 2009 that hid total losses of up to 557 million euros. Nomura got a minimum of 88 million euros from the transaction, which was dubbed Alexandria, according to the Italian bank.

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NMR

Deutsche Bank (NYSE:DB): Current price $38.43

The German superbank announces the naming of Daniela Weber-Rey as the chief governance officer and deputy head global compliance. Weber-Rey will join the firm on June 1, from the law firm Clifford Chance, and then will report to Stephan Leithner; in her new position she will be responsible for the management of corporate governance globally, along with other advisory capacities.

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DB

Barclays(NYSE:BCS): Current price $17.32

The firm announced Thursday that its current Chief Executive ofBarclays CIB division Rich Ricci will resign his position as of May 1st, and will be replaced by thecurrent chief of markets, Eric Bommensath, and the head of investment banking, Tom King, as co-chief executives of CIB.Peter Horrel, who is presently an executive in Barclay’s Wealth and Investment Management division, will take on the interim chief executive role in that division, also as of May 1. The current chief executive and executive chairman of the WIM unit, Tom Kalaris, will retire from Barclays effective June 30.

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BCS

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