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Stock Market & Financial Investment News

News Breaks
July 22, 2014
06:15 EDTBBVA, SANBanco Bilbao wins auction to buy Catalunya Banc for EUR1.19B
The Management Commission of the Banking Restructuring Fund has accepted BBVAs bid in the competitive auction for the acquisition of Catalunya Banc S.A. As a consequence, BBVA has executed a sale and purchase agreement with FROB, by virtue of which FROB will sell up to 100% of the shares of Catalunya Banc to BBVA for the price of up to EUR1.19B. Closing of the sale and purchase transaction will be subject, among others, to the obtaining of the relevant administrative authorizations and approvals and to the effective closing of the transaction announced by Catalunya Banc to the market on July 17 whereby Catalunya Banc will transfer to an asset securitization fund a loan portfolio with a nominal value of EUR.6.4B.
News For BBVA;SAN From The Last 14 Days
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October 21, 2014
08:18 EDTSANBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
October 17, 2014
05:51 EDTSANStocks with implied volatility movement; SD SAN
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October 16, 2014
06:50 EDTSANEuropean regulator rejects bonus loophole, NY Times says
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October 15, 2014
10:02 EDTBBVAOn The Fly: Analyst Upgrade Summary
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05:28 EDTBBVABanco Bilbao upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Banco Bilbao citing the company's cost controls and non-Euro denominated profits.
October 10, 2014
09:13 EDTSANEBA says EU stress test results to be published October 26
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