Latest news with #Schiraldi
Business Insider
13 hours ago
- Business
- Business Insider
Analysts Offer Insights on Financial Companies: Oceanfirst Financial (OCFC) and Hong Kong Exchanges & Clearing (OtherHKXCF)
Analysts have been eager to weigh in on the Financial sector with new ratings on Oceanfirst Financial (OCFC – Research Report) and Hong Kong Exchanges & Clearing (HKXCF – Research Report). Confident Investing Starts Here: Oceanfirst Financial (OCFC) In a report issued on June 6, Frank Schiraldi from Piper Sandler maintained a Hold rating on Oceanfirst Financial, with a price target of $19.00. The company's shares closed last Friday at $17.29. According to Schiraldi is a 5-star analyst with an average return of 13.6% and a 61.3% success rate. Schiraldi covers the Financial sector, focusing on stocks such as Tompkins Financial Corporation, Valley National Bancorp, and Univest Of Pennsylvania. The word on The Street in general, suggests a Hold analyst consensus rating for Oceanfirst Financial with a $20.00 average price target. In a report released yesterday, Richard Xu from Morgan Stanley maintained a Buy rating on Hong Kong Exchanges & Clearing, with a price target of HK$500.00. The company's shares closed last Friday at $51.88. According to Xu is ranked #4119 out of 9627 analysts. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hong Kong Exchanges & Clearing with a $52.12 average price target, a 0.4% upside from current levels. In a report issued on June 2, Goldman Sachs also maintained a Buy rating on the stock with a HK$455.00 price target.
Yahoo
15-03-2025
- Business
- Yahoo
Ex-Deutsche Bank Manager Suing for $165 Million Is Schiraldi
(Bloomberg) -- The former Deutsche Bank AG employee suing the German lender for around €152 million ($165 million) over a criminal case was a top manager from its asset and wealth management division, Dario Schiraldi. Trump DEI Purge Hits Affordable Housing Groups Electric Construction Equipment Promises a Quiet Revolution NYC Congestion Pricing Toll Gains Support Among City Residents Open Philanthropy Launches $120 Million Fund To Support YIMBY Reforms Prospect Medical's Pennsylvania Hospitals at Risk of Closure Schiraldi filed the suit in the Frankfurt Regional Court, the tribunal confirmed on Friday. The parties are in the process of exchanging briefs and a hearing will be scheduled once that will have been completed, a court spokeswoman said by email. Deutsche Bank declined to comment. Schiraldi didn't respond to requests for comment. Deutsche Bank said in its annual report on Thursday that an ex-staffer filed the case alleging harm caused to his career by criminal proceedings in Italy related to Banca Monte dei Paschi di Siena SpA. Deutsche Bank didn't disclose his name. Five other former Deutsche Bank employees involved in the Monte Paschi case also threatened to bring their own claims in an English court, the bank said in the report. In the original criminal case, Monte Paschi managers were accused of colluding with Deutsche Bank staff to hide losses at the Italian lender by using complex derivatives trades, leading to a misrepresentation of the firm's finances between 2008 and 2012. After a conviction at the first instance in 2019, the six Deutsche Bank staffers - including Schiraldi - were fully acquitted in 2022 by a Milan appeals court, which found that there were no grounds for trial. In October 2023, Italy's Supreme Court upheld the acquittal, a final ruling on the matter. In the annual report, Deutsche Bank said it considers the claims now filed in the Frankfurt court 'to be entirely without merit and will defend itself against them robustly, including disputing inflated, unrealistic alleged losses.' The lender said it isn't disclosing whether it has established a provision or contingent liability as it could affect the outcome of the proceedings. Schiraldi joined Deutsche Bank in 2004 after stints at Lehman Brothers Holdings Inc. and Merrill Lynch & Co. At Deutsche Bank's investment bank unit he oversaw the institutional client group for Europe. Later he moved to the asset-and-wealth-management division where he was head of distribution. He left in 2016, according to his LinkedIn profile. --With assistance from Arno Schütze. How America Got Hooked on H Mart How Trump's 'No Tax on Tips' Could Backfire for the Working Class How Natural Gas Became America's Most Important Export Disney's Parks Chief Sees Fortnite as Key to Its Future Germany Is Suffering an Identity Crisis 80 Years in the Making ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
14-03-2025
- Business
- Bloomberg
Ex-Deutsche Bank Manager Suing for $165 Million Is Schiraldi
The former Deutsche Bank AG employee suing the German lender for around €152 million ($165 million) over a criminal case was a top manager from its asset and wealth management division, Dario Schiraldi. Schiraldi filed the suit in the Frankfurt Regional Court, the tribunal confirmed on Friday. The parties are in the process of exchanging briefs and a hearing will be scheduled once that will have been completed, a court spokeswoman said by email.
