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Stock Market & Financial Investment News

News Breaks
July 21, 2014
07:29 EDTMS, BAC, JPM, AIGAIG settlement with BofA takes crisis claw back total up to $2B, FT says
AIG (AIG) confirmed last week that it had reached a settlement worth at least $650M with Bank of America (BAC) over failed mortgage securities and people familiar with the matter say the insurer has also recouped at least $1.3B in a dozen out-of-court settlements with other banks, including Morgan Stanley (MS) and JPMorgan (JPM), though incoming CEO Peter Hancock declined to comment on specific deals, said Financial Times. Reference Link
News For AIG;BAC;MS;JPM From The Last 14 Days
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July 30, 2015
13:46 EDTAIGAIG August weekly volatility elevated into Q2 and outlook
AIG August weekly call option implied volatility is at 26, August is at 20, September is at 19; compared to its 52-week range of 12 to 33, suggesting large near term price movement into the expected release of Q2 results on August 4.
08:45 EDTBACMerill Lynch brokers threaten to leave 'in mass,' Fox Business reports
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06:55 EDTBAC, JPM, MSBanks pitch total-return swaps as stock purchase alternative, WSJ reports
Banks have been pitching certain hedge fund clients on using derivatives instead of actual stocks when placing certain bets in an effort to lessen the impact of new capital rules on the banks' businesses, the Wall Street Journal reports, citing people familiar with the efforts. The shift involves derivatives known as total-return swaps that mirror the effects of owning a stock or other asset, the report says. Units of Bank of America (BAC), Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley (MS), and UBS (UBS) are among the banks asking clients to shift trades into total-return swaps instead of underlying securities, the report says. Reference Link
July 29, 2015
16:00 EDTBACOptions Update; July 29, 2015
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10:00 EDTMSOn The Fly: Analyst Downgrade Summary
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07:21 EDTMSMorgan Stanley downgraded to Neutral from Buy at Guggenheim
Guggenheim downgraded Morgan Stanley to Neutral due to shares approaching its fair value estimate of $43.
July 28, 2015
16:00 EDTBACOptions Update; July 28, 2015
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08:32 EDTAIGAIG to acquire First Principles, terms not disclosed
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08:31 EDTAIGAIG names Douglas Dachille as Chief Investment Officer
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July 27, 2015
10:15 EDTJPMJPMorgan breaks support, levels to watch
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08:33 EDTBACBank of America increases environmental initiative from $50B to $125B
Bank of America said it has pledged to increase the companys current environmental business initiative from $50B to $125B in low-carbon business by 2025 through lending, investing, capital raising, advisory services and developing financing solutions for clients around the world.
06:26 EDTJPM, MSSymphony Communication eyes $1B funding round, WSJ reports
Symphony Communication Services, an instant-messaging software company backed by Wall Street firms including Goldman Sachs (GS), is eyeing an investment round that may value it at as much as $1B, the Wall Street Journal reports, citing people familiar with the matter. The startup is canvassing a range of possible new investors, including venture-capital funds and additional financial firms, the report says. Symphony also wants funds from its existing backers, including Goldman, Morgan Stanley (MS), JPMorgan Chase (JPM), and BlackRock (BLK), the report says. Reference Link
July 24, 2015
14:01 EDTBACBank of America's Lynch to step down as general counsel, Bloomberg reports
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09:36 EDTBACActive equity options trading on open
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July 23, 2015
07:16 EDTJPMChase Card Services, Southwest announce extension to co-branded card agreement
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07:15 EDTBACBank of America could underperform after executive changes, says Wells Fargo
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07:13 EDTJPMJPMorgan management to meet with Deutsche Bank
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July 22, 2015
18:59 EDTBACBank of America announces CFO Bruce Thompson to step down
Bank of America announced that CFO Bruce Thompson has decided to step down after more than five years as Chief Risk Officer and Chief Financial Officer. Paul Donofrio, who has been with Bank of America since 1999 and has 25 years of global corporate and investment banking experience, will become CFO, effective August 1. Additionally, Global Human Resources executive Andrea Smith will assume a newly created position as Chief Administrative Officer. Replacing Smith as Global Human Resources executive is Sheri Bronstein.
18:37 EDTBACBank of America CFO Bruce Thompson to step down, WSJ reports
Bank of America CFO Bruce Thompson is leaving the bank, according to an internal memo, and will be replaced with Paul Donofrio, the Wall Street Journal reports. Reference Link
06:09 EDTJPM4 arrested men suspected of JPMorgan hacking, NYT reports
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