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Stock Market & Financial Investment News

News Breaks
February 7, 2013
07:11 EDTSAN, FIATYChrysler, Banco Santander in auto loan deal, Reuters reports
Chrysler Group (FIATY) agreed to make Banco Santander's (SAN) U.S. arm its preferred lender for auto loans to broaden the financing it can offer its buyers and dealers, reports Reuters.Reference Link
News For FIATY;SAN From The Last 14 Days
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December 23, 2014
07:26 EDTSANBank use of rating agencies to measure risk to be restricted, FT reports
The Basel Committee on Banking Supervision is seeking to sharply reduce the scope to which banks will be allowed to rely on external ratings from credit agencies like McGraw Hill Financial's (MHFI) S&P Ratings and Moody's (MCO) to assess the risks in their portfolios, reported Financial Times. Another Basel initiative aims to limit banks’ ability to game the system using internal models to calculate capital, said FT. A spokesperson for Moody’s told the FT: “We have long advocated reducing mechanistic reliance by regulators on any single risk indicator, including credit ratings. We believe our ratings will continue to serve market participants as a valuable source of insight on credit risk.” Publicly traded large European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
December 15, 2014
13:16 EDTFIATYUAW head looking for wage hikes in new contract, Automotive News says
Veteran auto workers should get a wage increase in a new contract, while the compensation of newly hired employees should move closer to that of longer serving workers, UAW President Dennis Williams said today, according to Automotive News. Williams said he is not considering launching a strike when the auto workers' contact ends in September, the website added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).Reference Link
06:55 EDTFIATYTakata tightening restrictions on suppliers, Reuters reports
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