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Stock Market & Financial Investment News

News For FMER;MMC;BCS;ZION;TRV;WFC From The Last 14 Days
Check below for free stories on FMER;MMC;BCS;ZION;TRV;WFC the last two weeks.
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April 10, 2014
07:30 EDTWFCWells Fargo April volatility elevated at 20 into Q1 and outlook
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06:35 EDTWFCMobile banking presents opportunity and risks for banks, WSJ reports
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April 9, 2014
07:23 EDTBCSBarclays relocates more suburban Singapore staff to city, Bloomberg says
Barclays is relocating more employees to an office in Singapore’s central business district from the suburbs to reduce expenses, according to Bloomberg, citing people familiar with the matter. Reference Link
06:35 EDTWFCRegulators increase leverage ratio requirement for large banks, NY Times says
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06:27 EDTWFCBig banks must add capital to comply with new rules, WSJ reports
A of January 1, 2018, the U.S.'s eight largest banks -- including Citigroup (C), JPMorgan (JPM) and Goldman Sachs (GS) -- must add up to $68B in extra capital to comply with a new rule intended to help firms weather losses during periods of market stress, the Wall Street Journal. The banks will be required to maintain well above the minimum levels of capital held against assets on their books. Banks must report the new levels next year. Reference Link
April 7, 2014
19:57 EDTWFCFederal Reserve announces extension on some CLOs
The Federal Reserve Board announced that it intends to exercise its authority to give banking entities two additional one-year extensions to conform their ownership interests in and sponsorship of certain collateralized loan obligations, or CLOs, covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as the Volcker rule. Section 619 of the Dodd-Frank Act directed the board to adopt rules for the conformance period and the board previously extended the conformance period for all activities and investments by one year to July 21, 2015. To ensure effective compliance, the board intends to grant banking entities two additional one-year extensions, which together would extend until July 21, 2017, to conform their ownership interests in and sponsorship of CLOs to the statute. Publicly traded companies that may be impacted by the announcement 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
13:43 EDTBCSBarclays reaches settlement with U.K. care home operator, Reuters says
Barclays reached a settlement with U.K. care home operator, Guardian Care Homes, that accused it of mis-selling products connected to benchmark interest rates just weeks prior to the beginning of a possibly embarrassing court case for the company, according to Reuters, citing a Barclays spokesman. Reference Link
April 4, 2014
09:02 EDTMMCMarsh & McLennan Agency acquires Capstone Insurance Services
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07:18 EDTWFCWells Fargo April volatility elevated at 19 into Q1 and outlook
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