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Stock Market & Financial Investment News

News Breaks
October 31, 2012
14:20 EDTCS, ING, RBS, LYG, RY, BCS, SAN, AEG, UBS, DB, BBVABank of Spain releases assessment of bank recapitalization plans
Bank of Spain has reached the conclusion, which is shared by the services of the European Commission (DG Competition) thatt Banco Popular and Ibercaja will be able to meet their capital needs by their own means in accordance with the terms laid down in the MoU by the end of December 2012. The rest of them, Banco Mare Nostrum, Caja3, Ceiss and Liberbank, are expected to resort to public support within the framework of their capitalisation processes. Reference Link
News For BCS;ING;UBS;RY;CS;AEG;LYG;BBVA;SAN;RBS;DB From The Last 14 Days
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January 22, 2015
12:28 EDTRYOn The Fly: Midday Wrap
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09:16 EDTRYOn The Fly: Pre-market Movers
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08:03 EDTRYRoyal Bank of Canada to host conference call
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07:14 EDTRYCity National volatility elevated into Royal Bank of Canada acquiring for $5.4B
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07:05 EDTRYRoyal Bank of Canada to acquire City National for $93.80 per share
City National Corporation (CYN) and Royal Bank of Canada (RY) announced a definitive agreement by which Royal Bank of Canada will acquire all outstanding shares of City National Corp. Total consideration is valued at approximately $5.4B at announcement, or approximately $93.80 per City National share, comprised of a mix of cash and common stock, based on RBC's closing stock price on January 21. The agreement has been approved by the boards of both companies. Following completion of this transaction, Russell Goldsmith will remain Chairman and CEO of City National, and he also will be responsible for RBC's U.S. Wealth Management unit. Goldsmith has served as City National's CEO since 1995. RBC will pay, on average, approximately $47.25 in cash and 0.7489 of an RBC common share for each share of City National common stock. City National stockholders will be entitled to elect to receive the merger consideration in RBC common shares or cash, subject to certain adjustments and limitations. The aggregate consideration will be paid with approximately $2.7B in cash and approximately 44M RBC common shares. This represents approximately a 50% cash and 50% share mix as of announcement. The total number of RBC common shares to be issued and the amount of cash to be paid in the transaction are both fixed. As part of the transaction, the Goldsmith family stockholders have agreed to vote their City National holdings in favor of the transaction and to hold at least 50% of the RBC common shares received by them in the transaction until the third anniversary of closing. The transaction is expected to be accretive to RBC's earnings per share in the latter part of year three and accretive to earnings in year two. Given RBC's strong capital position and internal capital generation, the company expects to maintain its ongoing capital management program, and to maintain a Common Equity Tier 1 ratio at closing broadly in line with its current level. RBC's CET 1 ratio was 9.9% as of October 31, 2014. Closing is expected before the end of calendar 2015 subject to customary closing conditions, including receipt of required regulatory approvals and the approval of City National's stockholders.
07:02 EDTRYRoyal Bank of Canada to acquire City National for $93.80 per share
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06:37 EDTBCSNew York Attorney General seeks to expand Barclays lawsuit, Telegraph says
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January 21, 2015
07:04 EDTSANSunEdison and TerraForm Power secure financing for solar project in UK
SunEdison (SUNE) and TerraForm Power (TERP) have secured financing to build five large-scale solar farms in the UK which will generate 85.2MW of electricity. The projects are expected to be acquired by Terraform in early 2015. Financing for the solar farms has been provided by Santander (SAN) Global Banking and Markets and Bayerische Landesbank, who acted as arrangers and Santander UK who acted as agent. The total amount financed was GBP70M. SunEdison has begun construction on all five sites, and will complete them in Q1.
January 20, 2015
16:53 EDTINGING Groep reports 18.9% passive stake in Voya Financial
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14:06 EDTRBSCitizens, Keysight identified as long positions by Einhorn
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08:41 EDTCSCredit Suisse's capital ratios not changed by unstable Swiss franc, Reuters says
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07:30 EDTLYG, BCS, RBSU.K. banks see Bitcoin as threat to sterling, boon to terrorists, Telegraph says
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07:28 EDTBCSTreasury Institute for Higher Education to hold a symposium
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06:39 EDTCSCredit Suisse will charge certain clients for franc accounts, Reuters says
On January 22, Credit Suisse will begin charging some large corporate clients for franc accounts in order to introduce negative interest rates, reports Reuters, citing Credit Suisse spokeswoman Daniela Haesler. Reference Link
05:57 EDTBBVABanco Bilbao upgraded to Buy from Neutral at Citigroup
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January 18, 2015
16:16 EDTBCSBarclays loses 'millions' on Swiss franc volatility, Reuters says
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January 16, 2015
16:29 EDTCSOn The Fly: Closing Wrap
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10:06 EDTRY, LYGHigh option volume stocks
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09:09 EDTDB, BCSDeutsche Bank, Barclays lost 'tens of millions' on Swiss franc, WSJ says
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08:19 EDTRBSRBS reviewing loans to small businesses on new issue, Independent says
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