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Stock Market & Financial Investment News

News For CS;STT;BLK From The Last 14 Days
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October 30, 2014
14:33 EDTSTTState Street loses PIMCO futures-clearing business, WSJ reports
At about the time PIMCO, a unit of Allianz (AZSEY), was dealing with the departure of Bill Gross, a unit of State Street (STT) asked the fund management company to reduce some positions, in response to which PIMCO pulled all its futures-clearing business from the company, according to The Wall Street Journal, citing people familiar with the matter. The report said it was not clear from its sources if State Streetís request was prompted by the exit of Gross. Shares of State Street, which had been slightly higher prior to the first headlines from the Journal's story, are down about 0.3% to $73.58 in afternoon trading. Reference Link
14:11 EDTSTTState Street loses PIMCO futures-clearing business, DJ reports
State Street had asked PIMCO to reduce its risk exposures, in response to which PIMCO removed all its futures-clearing business from a State Street unit, reported Dow Jones, citing sources.
07:18 EDTSTTFinancial Research Associates to hold a conference
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October 29, 2014
06:39 EDTCSECB says loan demand expected to rise, Reuters reports
Demand for loans from euro zone banks is expected to rise sharply this quarter, the European Central Bank stated in a report, according to Reuters. Meanwhile, the bloc's banks are expected to ease credit standards in Q4, after credit standards in France and Germany eased in Q3, the news service quoted the ECB as saying. Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
October 27, 2014
07:30 EDTCSInternational Economic Forum of the Americas to hold a forum
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October 26, 2014
17:32 EDTCSEuropean banks may gain after ECB stress tests, Bloomberg says
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13:27 EDTCSECB releases results of bank stress test
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October 24, 2014
09:54 EDTSTTState Street says Q4 revenue could be impacted by market conditions
Expects to build on new business momentum for remainder of year. Sees FY14 effective tax rate 30%-31%, Q4 tax rate 32%. Sees FY operating basis net interest revenue near high end of $2.25B-$2.28B range previously communicated. Says capital position "strong." Says repurchase program, dividends the best way to return value to shareholders. Says revenue could be impacted by overall market conditions. Sees Q4 net interest revenue down vs. Q3. Sees Q4 expenses higher due to upward pressure on regulatory related costs. Comments made on the Q3 earnings conference call.
08:44 EDTCSECB draft shows 25 EU banks set to fail stress test, Bloomberg says
Bloomberg cites a draft ECB document the news service has viewed. Publicly traded EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).
07:39 EDTSTTState Street says sees positive operating leverage for FY14
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07:07 EDTSTTState Street reports Q3 operating EPS $1.35, consensus $1.21
Reports Q3 revenue $2.58B, consensus $2.61B. Provision for loan losses of $2 million was flat with the second quarter of 2014 and increased $2 million from the third quarter of 2013. Return on average common shareholders' equity of 10.6% decreased from 11.9% in the second quarter of 2014 and from 10.8% in the third quarter of 2013. Tier 1 common ratio as of September 30, 2014, calculated under the advanced approaches in conformity with the Basel III final rule, was 12.7%. Estimated pro forma Basel III tier 1 common ratio as of September 30, 2014, calculated under the standardized approach in conformity with the Basel III final rule, was 10.9%.
October 23, 2014
15:39 EDTSTTNotable companies reporting before tomorrow's open
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10:01 EDTBLK, STTCapital Link to hold a forum
Capital Link Dissect ETFs Forum is being held in New York on October 23.
06:43 EDTCSCredit Suisse head detects no tangible worries in forex probe, Reuters says
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05:44 EDTCSCredit Suisse says 'mixed start to October'
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05:44 EDTCSCredit Suisse reports Q3 net income CHF 1.03B vs. CHF 454M last year
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October 21, 2014
10:01 EDTCSPhoenix Companies partners with Credit Suisse
Phoenix Companies (PNX) announced that it has entered into a partnership with Credit Suisse (CS) to license the CS Tactical Multi Asset Index.
08:31 EDTCSEU fines JPMorgan, UBS, Credit Suisse for cartel on derivatives
The European Commission has found that four international banks, RBS (RBS), UBS (UBS), JP Morgan (JPM) and Credit Suisse (CS), operated a cartel on bid-ask spreads of Swiss franc interest rate derivatives in the European Economic Area. The Commission imposed fines worth a total of EUR 32.36M. RBS received immunity from fines for revealing the existence of the cartel to the Commission. UBS and JPMorgan received reductions of their respective fines for cooperating with the investigation under the Commission's 2006 Leniency Notice. UBS was fined EUR 12.65M, JP Morgan fined EUR 10.53M and Credit Suisse was fined EUR 9.17M.
08:18 EDTCSBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large 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). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
08:12 EDTCSJPMorgan, UBS, Credit Suisse to be fined by EU over Libor rigging, Reuters says
JPMorgan (JPM), UBS (UBS) and Credit Suisse (CS) will be fined $115M collectively for their roles in rigging Swiss franc Libor rates, with JPMorgan's fine of $89M making up the lion's share of the penalty, said Reuters, citing a person familiar, who added that Royal Bank of Scotland (RBS) would not be penalized for its own role since it alerted the European Commission to the issue. Reference Link
October 20, 2014
09:31 EDTBLKRobinhood.org to hold conference
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