Lehman Trims European I-Bankers (UBS, CS, DB)

Banking, finance, and taxes

Published: May 20, 2008 6:34 am

In a call overseas earlier this morning, Lehman Brothers decided to cut its target prices on some select European investment banks. Here are three of the investment bankers that are traded in the U.S.:

UBS (NYSE: UBS) target cut 6% to 31CHF.
Credit Suisse (NYSE: CS) target cut almost 2% to 64CHF.
Deutsche Bank (NYSE: DB) target cut about 5% to 66EURO.

What is interesting here is that Lehman noted that the worst for these may be over as far as credit losses and writedowns from subprime loan exposure. Lehman still believes that additional losses from from markdowns and weak trading numbers will continue to weigh on the companies this quarter.

Jon C. Ogg
May 20, 2008

The Average American Has No Idea How Much Money You Can Make Today ^(Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

¹https://www.fdic.gov/national-rates-and-rate-caps