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News Breaks | | | | February 12, 2013 | | 07:19 EDT |  | CS, MS, C | Major banks losing ground to emerging market competition, Bloomberg reports
Global investment banks based in Europe and the U.S., facing regulatory and cost-cutting pressures at home, are losing market share (CS, MS, C) in emerging economies to smaller domestic competitors, reports Bloomberg.Reference Link | |
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News For CS;MS;C From The Last 14 Days Check below for free stories on CS;MS;C the last two weeks. |
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| May 23, 2013 | | 16:00 EDT |  | C | Options Update; May 23, 2013
 Subscribe for More Information | | | 06:29 EDT | | CS | Software firm Luxoft files for IPO in New York, Bloomberg reports
Subscribe for More Information | | | May 22, 2013 | | 16:00 EDT | | C | Options Update; May 22, 2013
Subscribe for More Information | | | 13:02 EDT | | MS | Morgan Stanley seeks $4B for infrastructure fund, Bloomberg reports
Morgan Stanley's infrastructure investment unit is planning to raise $4B for a second global fund, according to Bloomberg, citing sources. Morgan Stanley and other investment firms are targeting billions of dollars worldwide earmarked for public infrastructure projects, Bloomberg added. Reference Link | | | 09:02 EDT |  | MS, 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. | | | 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. | | | 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 | | | 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 | | | 07:13 EDT | | C, MS | U.S. bank mergers less likely this year, Bloomberg reports
Subscribe for More Information | | | 07:12 EDT | | MS, CS | Credit Suisse now second largest Asia prime broker, Reuters reports
The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, reports Reuters.Reference Link | | | | 06:10 EDT | | MS, CS | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: JPMorgan Chase (JPM) plans to shake-up of its board even if every director wins re-election at today’s shareholder meeting and James Dimon keeps his dual job as chairman and CEO, the Wall Street Journal reports...Mutual-fund firms are joining activist investors in getting more aggressive over demands for change in how board members are paid at U.S. companies. Activist investors have been experimenting more frequently with incentive pay packages for the board members they nominate in proxy fights, the Wall Street Journal reports...REUTERS: Specialty chemicals producer Rockwood Holdings’s (ROC) pigments businesses have attracted offers from buyout firms including Blackstone Group (BX) and Advent International, sources say, Reuters reports...The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, Reuters reports...BLOOMBERG: Bank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten scrutiny on potential deals and sellers wait for higher valuations, according to a KPMG survey, Bloomberg reports...PIMCO’s Bill Gross says the bull market for bonds may have ended last month. But investors are staying put. Four years into the biggest rally in U.S. stocks since 2000, bond mutual funds are attracting more money than their equity counterparts, Bloomberg reports. | | | May 20, 2013 | | 12:32 EDT |  | C | Citigroup announces departure of CitiMortgage head, organizational changes
Subscribe for More Information | | | 11:49 EDT | | C | Wells, Citi halt most foreclosure sales amid OCC scrutiny, American Banker says
Subscribe for More Information | | | 09:40 EDT | | C | Active equity option families trading
Subscribe for More Information | | | 08:15 EDT | | MS | Morgan Stanley to sell Indian unit to Standard Chartered, Reuters reports
Subscribe for More Information | | | 07:50 EDT | | C, CS | 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 | | | May 16, 2013 | | 18:49 EDT | | MS | Senior holders may face first CMBS losses since crisis, WSJ reports
Subscribe for More Information | | | 12:32 EDT |  | CS | EU 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 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. | | | 07:18 EDT | | C | Investors bet on banks hit by credit crisis, Bloomberg reports
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