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Stock Market & Financial Investment News

News Breaks
June 30, 2014
07:08 EDTCTHR, WFC, PNCCharles & Colvard announces closing of new three-year $10M credit facility
Charles & Colvard (CTHR) has closed a new three-year $10M asset-backed credit facility with Wells Fargo (WFC). The company’s previous credit facility with PNC (PNC) Bank was terminated concurrently with the closing on the new credit facility. The new credit facility provides Charles & Colvard working capital for general corporate purposes and to pursue continued growth opportunities. The company said, "By securing this three-year credit facility from Wells Fargo, Charles & Colvard is better positioned to pursue growth initiatives. The new credit facility is secured by Charles & Colvard assets, subject to customary covenants. It carries an interest rate at Wells Fargo Bank’s three-month LIBOR rate plus 2.5 percent. The company currently does not have any other long-term debt and the new credit facility is undrawn.
News For CTHR;WFC;PNC From The Last 14 Days
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August 27, 2014
08:00 EDTWFCSEC 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 21, 2014
06:43 EDTWFCRegulators up bank warning efforts for poor risk assessment, Reuters says
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August 20, 2014
06:02 EDTWFCWells Fargo wins approval for $62.5M settlement, Charlotte Observer says
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August 19, 2014
13:42 EDTWFCWells Fargo looks to bulk up asset-management business, WSJ says
Wells Fargo is looking to increase the size of its asset-management business to over $1T over the next decade by making acquisitions of smaller asset managers and more aggressive sales to larger investors, says the Wall Street Journal. Reference Link
August 18, 2014
09:35 EDTWFCActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN DG TSLA GILD FB ABX WFC C

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