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Stock Market & Financial Investment News

News Breaks
May 17, 2012
13:09 EDTBBVA, STD, BBD, BSBRMoody's downgrades four Spanish regions on poor fiscal performance
Moody's downgraded the ratings of the Spanish regions of Catalunya, Murcia, Andalucia and Extremadura citing their poor fiscal performance in 2011 and the low probability that the regional governments will be able to meet the 2012 deficit target set by the central government. Moody's also confirmed the ratings of the regions of Castilla-La Mancha and Valencia, and of four government-related entities in Valencia, reflecting their non investment grade ratings and the significant liquidity support from the Spanish central government.
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May 16, 2013
12:32 EDTBBVAEU 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
08:33 EDTBBDBofA/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.
May 13, 2013
06:49 EDTBBVAECB member says negative deposit rates would help economy, Reuters says
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May 9, 2013
10:08 EDTBBVAOn The Fly: Analyst Upgrade Summary
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05:35 EDTBBVABanco Bilbao upgraded to Buy from Hold at Societe Generale
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