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Stock Market & Financial Investment News

News Breaks
August 6, 2014
08:20 EDTGS, UBS, DB, CS, BK, C, BCS, MS, BAC, STT, JPMFed, FDIC tell big banks to revise 'living will' plans
The Board of Governors of the Federal Reserve System and the Board of Directors of the Federal Deposit Insurance Corporation announced last night the completion of reviews of the second round of resolution plans submitted by 11 large banking organizations in 2013. The agencies have issued letters to each of these banking organizations. In their review of the resolution plans, the agencies noted some improvements from the original plans submitted by these "first-wave filers" in 2012. Among the improvements were the narratives and the attempts to address the five obstacles identified in guidance issued by the agencies in April 2013. These improvements notwithstanding, the agencies have jointly identified specific shortcomings with the 2013 resolution plans that will need to be addressed in the 2015 submissions. The letters to each first-wave filer detail the specific shortcomings of each firm's plan and the expectations of the agencies for the 2015 submission. The findings applied to 11 banks with assets greater than $250B, including Bank of America (BAC), Bank of New York Mellon (BK), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), State Street (STT) and the U.S. units of Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), and UBS (UBS).
News For BAC;C;JPM;MS;BK;STT;BCS;CS;DB;UBS;GS From The Last 14 Days
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January 13, 2015
11:01 EDTDBDeutsche Bank considering cutting jobs, selling assets, Bloomberg reports
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10:08 EDTCSHigh option volume stocks
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09:36 EDTCActive equity options trading
Active equity options trading according to Track Data: AAPL AMD AA TWTR GILD C CELG TSLA GOOG
07:44 EDTJPM, BAC, CNationstar, non-bank lenders could get boost from refis, WSJ says
As a decline in interest rates and a reduction in federal loan fees boosts refinancing activity, smaller banks and non-bank lenders, such as Quicken Loans, loanDepot, and Nationstar Mortgage (NSM), may be in a better position than large banks to benefit, said The Wall Street Journal. Publicly traded large U.S. banks include Bank of America (BAC), Citi (C), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
07:30 EDTDBDeutsche Bank to hold a conference
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07:19 EDTUBSExtent of UBS restructuring at center of London lawsuit, WSJ reports
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07:15 EDTDBDeutsche Bank considering sale of Postbank retail unit, WSJ reports
Deutsche Bank is considering a sale of its Postbank retail unit, according to the Wall Street Journal, citing sources and an internal document. The retail unit is being examined as part of a continuing strategy review, which will be unveiled in the spring. Reference Link
07:05 EDTJPMJPMorgan volatility increases into Q4 and outlook
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06:38 EDTCCiti cut consumer banking business, Reuters reports
Citi is cutting its consumer banking operations in some of the world's largest cities, according to Reuters. Last year, the bank decided to target 100 cities with retail banking services, down from its previous level of 120 cities, the news service stated. Reference Link
January 12, 2015
16:00 EDTCOptions Update; January 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.57 to 33.54. Option volume leaders: AAPL TSLA TWTR AMZN AA SIRI RIG FRO C according to Track Data.
10:00 EDTMSOn The Fly: Analyst Downgrade Summary
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09:33 EDTUBS, MSMorgan Stanley hires UBS U.K. investment banker Bishop, FT reports
Nick Bishop, a senior investment banker at UBS (UBS), will leave the company to join Morgan Stanley (MS), where he will become a managing director, sources tell The Financial Times. Reference Link
08:29 EDTMSMorgan Stanley downgraded at JMP Securities
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08:22 EDTC, JPMCiti may have more to gain than JPMorgan from break-up, WSJ says
Analysts have suggested that JPMorgan (JPM) could unlock investor value by breaking-up, but a Citigroup (C) break-up, while complicated, could be more compelling, according to The Wall Street Journal's "Heard on the Street" column. Reference Link
07:41 EDTJPM, CLarge banks' weakness creates attractive entry point, says Wells Fargo
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07:38 EDTMSMorgan Stanley downgraded to Market Perform from Outperform at JMP Securities
07:21 EDTUBSEBD Group to hold a conference
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06:28 EDTDBDeutsche Bank to unveil details of restructuring plan in Q2, Reuters says
Deutsche Bank will announce details about its restructuring plan next quarter, the bank's senior management stated in a memo obtained by Reuters, according to the news service. Reference Link
06:20 EDTUBSUBS loses BAE Systems, Smith & Nephew as broking clients, Financial Times says
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06:14 EDTGSBrennan Investment, Goldman Sachs acquire industrial portfolio
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