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News Breaks | | | | October 19, 2012 | | 07:48 EDT |  | PRU, WFC, BAC, AIG, SMFG, RBS, RY, UBS, BBVA, MS, JPM, MET, MTU, LYG, DB, BCS, USB, C, GS, TRV, SAN, ING, AEG, CS | U.K., France, Japan push back on U.S. swap rules, FT reports
Financial officials in Britain, France and Japan sent a letter to the chairman of the U.S. Commodity Futures Trading Commission to oppose proposed regulations that would force foreign swaps dealers to register with the CFTC if they want to trade with any American institution or its overseas affiliates, according to Financial Times. This follows regulators in Singapore, Hong Kong, Australia and Japan previously expressing concern over being faced with two sets of “overlapping and conflicting” regulations in the U.S. and in their home countries, the report added. Reference Link | |
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News For AIG;GS;JPM;BAC;C;MS;WFC;USB;BBVA;CS;BCS;UBS;AEG;DB;RY;ING;LYG;RBS;SAN;MTU;SMFG;TRV;MET;PRU From The Last 14 Days Check below for free stories on AIG;GS;JPM;BAC;C;MS;WFC;USB;BBVA;CS;BCS;UBS;AEG;DB;RY;ING;LYG;RBS;SAN;MTU;SMFG;TRV;MET;PRU the last two weeks. |
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| May 17, 2013 | | 16:00 EDT |  | BAC | Options Update; May 17, 2013
 Subscribe for More Information | | | 10:20 EDT |  | BAC | Bank of America rises, levels to watch
Subscribe for More Information | | | 08:53 EDT |  | AIG | JPMorgan's life insurance analyst holds an analyst/industry conference call
Subscribe for More Information | | | 07:10 EDT | | JPM | JPMorgan asks shareholders to reject chairman, CEO split, WSJ reports
Subscribe for More Information | | | 06:06 EDT | | JPM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports. | | | May 16, 2013 | | 18:49 EDT | | MS | Senior holders may face first CMBS losses since crisis, WSJ reports
Subscribe for More Information | | | 17:42 EDT |  | ING | ING Group agrees to sell part of its direct stake in SulAmerica to IFC
ING announced that it has agreed to sell part of its direct stake in SulAmerica to International Finance Corporation, IFC. ING has agreed to sell approximately 26.5M units of SulAmerica, representing approximately 7.9% of SulAmerica's outstanding shares, for a total consideration of 400M Brazilian Reais, roughly USD 200M or EUR 155M at current exchange rates. These shares have been released from the obligations of the shareholders agreement between ING and the Larragoiti Family as announced on 28 February 2013. Upon the closing of both the sale to IFC and the transaction with the Larragoiti Family, in which ING agreed to reduce its 36.5% stake to just under 30%, ING's equity interest in SulAmerica will be reduced to approximately 21.5%. The market value of the remaining stake is approximately EUR 410M based on the closing share price of 15 May 2013, R$14.95, and current exchange rates. The transaction with IFC is expected to close within 30 days, while the transaction with the Larragoiti Family is expected to close in the third quarter of 2013 as it is subject to regulatory approvals. | | | 16:22 EDT | | AIG | Forest City, AIG form strategic equity partnership for project in Dallas
Forest City Enterprises (FCE.A, FCE.B) announced that it has closed a strategic capital partnership with AIG Global Real Estate (AIG) for the development of 3700M, a 381-unit apartment project in the West Village neighborhood of Dallas. Forest City and AIG will share ownership and fund the equity requirements for the project, which began construction in December 2012 and is expected to be completed in the third quarter of 2014. | | | 15:17 EDT | | RBS | Royal Bank of Scotland management to meet with JPMorgan
Subscribe for More Information | | | 12:32 EDT |  | AEG, BCS, ING, CS, DB, RBS, BBVA, RY, UBS, SAN, LYG | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link | | | | 12:01 EDT | | JPM | Bill Daley assisting JPMorgan over vote, CNBC's Tausche reports
Subscribe for More Information | | | 09:05 EDT | | GS | SolarCity, Goldman Sachs collaborate on solar lease financing platform
Subscribe for More Information | | | 08:51 EDT | | JPM | JPMorgan management to meet with UBS
Meeting to be held in New York on May 16 hosted by UBS. | | | 08:39 EDT | | DB | Hartford Financial hires Deutsche to find buyer for Japan unit, Bloomberg says
Hartford Financial Services (HIG) engaged Deutsche Bank (DB) to seek a buyer for its Japanese annuity unit, according to Bloomberg, citing people with knowledge of the matter. Reference Link | | | 08:33 EDT | | USB, WFC, ING, AIG, C | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. | | | 07:53 EDT | | RBS | U.K. PM Cameron indicates he wants RBS in good shape for a sale, FT reports
Subscribe for More Information | | | 07:35 EDT | | JPM | J.C. Penney May volatility elevated at 106 into Q1
J.C. Penney May call option implied volatility is at 106, June is at 57, July is at 50; compared to its 26-week average of 62 according to Track Data, suggesting larger near term price movement in the expected release of Q1 results after the market close today. | | | 07:35 EDT | | RBS | Royal Bank of Scotland to cut 1,400 jobs in U.K., Reuters reports
Subscribe for More Information | | | 07:18 EDT | | C, BAC | Investors bet on banks hit by credit crisis, Bloomberg reports
Subscribe for More Information | | | 06:41 EDT | | WFC, MS, GS, JPM, USB, C, BAC | Big banks to benefit from U.S. concession on derivatives, NY Times says
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