News Breaks |
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| October 26, 2012 |
| 09:25 EDT |  | C, FB | Citigroup unit fined $2M by Massachusetts for disclosures about Facebook IPO
Secretary of the Commonwealth of Massachusetts William Galvin fined Citigroup Global Markets, a unit of Citigroup (C), $2M for failure to supervise research analysts who improperly disclosed confidential information about last spring's Facebook (FB) initial public stock offering on which CGMI was a member of the underwriting syndicate. The order issued by the Securities Division censures CGMI, which admitted to the Division's statement of facts and agreed to permanently cease and desist from violating the state securities law. CGMI was known as Salomon Smith Barney when it signed a Massachusetts Securities Division consent order in 2003 as part of a global settlement of charges of publishing fraudulent research reports, permitting inappropriate influence by investment bankers over research analysts and failing to adequately supervise employees who engaged in those practices. "It is essential in these times of rapid and diffuse means of communications that financial institutions be vigilant to ensure that the rules on IPOs are observed by all their personnel so that the integrity of the process is maintained. This penalty should serve as a warning to the industry as a whole," Secretary Galvin said. |
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News For C;FB From The Last 14 Days Check below for free stories on C;FB the last two weeks. |
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| May 22, 2013 |
| 16:00 EDT |  | C | Options Update; May 22, 2013
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| 14:27 EDT | | FB | comScore says Google Sites lead April U.S. online video rankings
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| 10:37 EDT | | FB | Pandora extends Facebook partnership with timeline App
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| 09:02 EDT |  | C | Financials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. |
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| 08:58 EDT |  | FB | Facebook management to meet with Deutsche Bank
Meeting to be held in New York on May 22 hosted by Deutsche Bank. |
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| 07:45 EDT | | C | Citigroup price target raised to $60 from $53 at Credit Suisse
Credit Suisse said Citigroup's International markets have had faster growth and provide a source of additional revenue opportunity. The firm expects 2013 ROE of 13.2% vs. 11.9% in 2012 and sees positive operating leverage driving improved profitability. Shares are Outperform rated. |
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| 06:12 EDT |  | C | Russia becomes a tougher market for foreign banks, Reuters reports
Foreign banks that once treated Russia as new territory where easy money could be made are now finding it a cut-throat market tougher than some bargained for, reports Reuters. While players such as Citi and Austria's Raiffeisen thrive, many have found post-Soviet Russia too hard to penetrate: rife with credit, legal and corruption risks, and dominated by state giants Sberbank and VTB.Reference Link |
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| May 21, 2013 |
| 09:42 EDT | | C | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C |
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| 07:13 EDT | | C | U.S. bank mergers less likely this year, Bloomberg reports
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| May 20, 2013 |
| 12:32 EDT | | C | Citigroup announces departure of CitiMortgage head, organizational changes
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| 11:49 EDT | | C | Wells, Citi halt most foreclosure sales amid OCC scrutiny, American Banker says
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| 10:52 EDT |  | FB | Facebook near session lows, levels to watch
The stock is drifting lower today, nearing session lows at $25.73. At that price, next support is at $25.33, the 1-month low. Resistance is at $26.25. |
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| 09:40 EDT | | C | Active equity option families trading
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| 07:50 EDT | | C | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link |
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| 07:00 EDT | | FB | New Facebook projects probably won't bear fruit soon, AllThingsD says
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| May 19, 2013 |
| 17:10 EDT | | FB | Facebook's Waze deal being held up by move from Israel, NY Post says
Facebook’s negotiations to buy mapping firm Waze are being held up as founders of Waze, based in Israel, are holding out for more money, the NY Post says. Citing sources, the Post says that Waze founders want more money if they are going to be forced to move from Israel to Silicon Valley as part of the deal. Reference Link |
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| May 17, 2013 |
| 06:51 EDT | | FB | Facebook volatility at low end of historic range
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| 06:36 EDT | | FB | Google to add new apps to Google Glass, NY Times says
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| May 16, 2013 |
| 08:33 EDT | | C | BofA/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. |
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| 07:18 EDT | | C | Investors bet on banks hit by credit crisis, Bloomberg reports
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