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Stock Market & Financial Investment News

News Breaks
June 23, 2014
12:16 EDTC, BPESFCitigroup agrees to sell consumer bank in Spainto Banco Popular
Citi (C) signed an agreement with Banco Popular (BPESF) to sell its consumer banking business in Spain. The sale, which is subject to regulatory and other customary approvals, is targeted to close in the third quarter of 2014. The sale includes approximately $2B in GAAP assets, $3.2B in assets under management, 1.2M customer accounts, $2B in loans and $2.8B in deposits. Approximately 950 consumer banking employees, 45 Citi branches and the ATM network in Spain will transfer to Banco Popular. The sale represents another step in Citiís strategy of winding down Citi Holdings by divesting non-core operating businesses and assets portfolios in an economically rational manner, the bank stated.
News For C;BPESF From The Last 14 Days
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August 31, 2014
13:20 EDTCCitigroup to hold a conference
Global Technology Conference to be held in New York on September 2-4.
August 29, 2014
09:37 EDTCActive equity options trading on open
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August 28, 2014
16:00 EDTCOptions Update; August 28, 2014
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August 27, 2014
10:02 EDTCActive equity options trading on open
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08:00 EDTCSEC seen completing rules on MBS detail disclosures, WSJ says
The Securities and Exchange Commission is expected to complete rules requiring banks and other financial institutions to give investors greater detail about the quality of mortgages and other loans pooled into bonds known as asset-backed securities, reported The Wall Street Journal. Publicly traded big 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). Reference Link
August 26, 2014
10:43 EDTCFINRA fines Citigroup for failing to provide best execution
The Financial Industry Regulatory Authority, FINRA, announced that it has fined Citigroup Global Markets. $1.85M for failing to provide best execution in approximately 22,000 customer transactions involving non-convertible preferred securities, and for related supervisory deficiencies for more than three years. FINRA also ordered Citigroup to pay more than $638,000 in restitution, plus interest, to affected customers. Reference Link
06:54 EDTCCitigroup, HSBC, others chosen to lead $3B ONGC stake sale, Reuters says
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August 25, 2014
16:00 EDTCOptions Update; August 25, 2014
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09:35 EDTCActive equity options trading on open
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August 22, 2014
09:36 EDTCActive equity options trading on open
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06:12 EDTCCitigroup faces restrictions on hedge-fund sales, WSJ reports
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August 21, 2014
10:02 EDTCActive calls at CBOE; AAPL C HPQ
Active calls at CBOE; AAPL 8/22/14 100 & 100, C Jan 55, HPQ 8/29/14 36
06:43 EDTCRegulators up bank warning efforts for poor risk assessment, Reuters says
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August 20, 2014
06:17 EDTCCitigroup looks to sell Japanese retail banking unit, Reuters says
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August 19, 2014
13:08 EDTCCitigroup tells appeals court Agentina banking license at risk, Reuters reports
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12:14 EDTCCitigroup considers selling Japan retail-banking unit, WSJ reports
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