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Stock Market & Financial Investment News

News Breaks
July 21, 2014
17:47 EDTCS, AFAstoria Financial to sell non-performing residential mortgages to Credit Suisse
Astoria Financial (AF) announced that the bank had entered into an agreement to sell certain non-performing residential mortgage loans, or NPL, to Credit Suisse (CS) for consideration of approximately $186M. The NPL Sale is expected to close on or about July 31, subject to usual and customary closing conditions. In anticipation of the NPL Sale, such non-performing loans were designated as held-for-sale as of June 30 and were written down from their carrying value of approximately $195M to their estimated fair value of $186M. As a result, the company recorded an $8.7M charge-off and a $5.7M loan loss release in Q2.
News For AF;CS From The Last 14 Days
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July 2, 2015
12:22 EDTCSBrazil investigates banks for exchange rate manipulation
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July 1, 2015
10:00 EDTCSOn The Fly: Analyst Upgrade Summary
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05:35 EDTCSCredit Suisse upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley upgraded Credit Suisse to Overweight on expectations cost of capital and execution should improve under new CEO Tidjane Thiam. The firm raised its price target for shares to CHF31 from CHF29.
June 29, 2015
06:47 EDTCSCredit Suisse, ING aiming to move some activities out of London, FT says
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June 28, 2015
17:05 EDTCSBank regulator probes 'Isdafix' benchmark manipulation, FT says
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June 23, 2015
10:25 EDTAFAstoria Financial discloses results of its 2015 Dodd-Frank Act Stress Test
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06:53 EDTCSPSAV prepares for IPO that could raise roughly $300M, Bloomberg says
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