News Breaks |
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| July 31, 2012 |
| 10:27 EDT |  | BAC, MBI | BTIG continues to expect Bank of America to settle with MBIA
BTIG expects Bank of America (BTIG) to settle its litigation with MBIA (MBI) given risks that court rulings will emerge that would require Bank of America to increase its mortgage pubacks reserve from $15.9B to something as much as $80B or more. The firm notes this would impact CEO Brian Moynihan's credibility since he promised to put the Countrywide issues behind the company. Shares of MBIA are Buy rated. |
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News For BAC;MBI From The Last 14 Days Check below for free stories on BAC;MBI the last two weeks. |
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| May 14, 2013 |
| 08:44 EDT |  | BAC | Bank of America management to meet with Deutsche Bank
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| 08:33 EDT |  | BAC | CFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link |
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| 06:19 EDT | | BAC | Brokerage firms see market share drop, competition increase, Bloomberg reports
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| 06:15 EDT |  | MBI | Stocks with implied volatility below IV index mean; RAX IBM
Stocks with implied volatility below IV index mean; Rackspace (RAX), MBIA (MBI) according to IVolatility. |
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| May 13, 2013 |
| 15:04 EDT |  | BAC | Fed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. |
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| 11:07 EDT | | MBI | Options with decreasing implied volatility: EZCH MM MAKO MBI FOSL
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| 06:13 EDT | | MBI | Stocks with implied volatility below IV index mean; RAX MBI
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| May 10, 2013 |
| 16:01 EDT | | MBI | Options Update; May 10, 2013
CBOE Volatility Index VIX down 56c to 12.57. Option volume leaders: BIDU AAPL TSLA GOOG C MBI MGM according to Track Data. |
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| 14:24 EDT | | MBI | S&P raises rating on MBIA to 'BBB' from 'B-', outlook stable
Standard & Poor's Ratings Services raised the counterparty credit rating on MBIA to 'BBB' from 'B-' and removed it from CreditWatch, where S&P placed it with positive implications on May 8. The outlook is stable. |
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| 11:27 EDT | | MBI | Options with decreasing implied volatility: MBI SGMO ALGN GMCR EZCH
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| 07:33 EDT | | BAC | New York's case against BofA, Merrill may be dropped, Reuters reports
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| 06:07 EDT | | MBI | Stocks with implied volatility below IV index mean; RAX MBI
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| 05:30 EDT | | BAC | KeyBank to acquire Bank of America CMBS servicing portfolio, Berkadia CMBS business
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| May 9, 2013 |
| 16:16 EDT |  | MBI | MBIA reports Q1 EPS 84c, may not compare to consensus 15c
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| 14:30 EDT | | MBI, BAC | Options Update; May 9, 2013
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| 11:26 EDT | | MBI | Options with decreasing implied volatility: MBI INVN GMCR EZCH CVRR
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| 08:09 EDT | | BAC | JPMorgan, Bank of America had perfect trading records in Q1, Bloomberg reports
JPMorgan Chase (JPM) and Bank of America (BAC) had perfect trading records in the first quarter, making money every day of the period as Morgan Stanley (MS) posted losses in eight sessions and Goldman Sachs (GS) in two, reports Bloomberg. One daily gain at JPMorgan was over $200M as the bank recovered from last year’s London Whale derivatives loss, the company said in a regulatory filing. Reference Link |
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| 06:03 EDT | | MBI | Stocks with implied volatility below IV index mean; PBI MBI
Stocks with implied volatility below IV index mean Pitney Bowes (PBI), MBIA (MBI) according to IVolatility. |
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| 05:43 EDT | | BAC | Big banks take the offense against Washington, WSJ reports
The biggest U.S. banks are going on the offensive to fight off growing efforts in Washington to rein them in, reports the Wall Street Journal. They've hired longtime, influential Washington insiders to deflect regulatory and political pressure to strengthen their finances and to sell assets. Reference Link |
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| May 8, 2013 |
| 16:00 EDT | | BAC | Options Update; May 8, 2013
CBOE Volatility Index VIX down 17c to 12.66. Option volume leaders: BAC GOOG C AAPL DIS X XOM according to Track Data. |
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