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Stock Market & Financial Investment News

News For FMER;MMC;BCS;ZION;TRV;WFC From The Last 14 Days
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June 18, 2015
06:21 EDTBCSFour banks to pay nearly $1B to settle forex rigging suit, AFP reports
Goldman Sachs (GS), BNP Paribas (BNPQY), Barclays (BCS), and HSBC (HSBC) have all reached separate agreements to settle a U.S. civil lawsuit over alleged foreign exchange rigging in deals totaling approximately $1B, AFP reports, citing sources close to the situation. The agreements are preliminary and are subject to change, the sources told AFP, confirming an earlier report on the settlements from the Wall Street Journal. Barclays is expected to pay $375M, HSBC $285M, BNP Paribas roughly $200M, and Goldman Sachs about $130M, the report says.The four banks' pending agreements would settle the civil lawsuit filed by Scott & Scott and Hausfeld that claims their traders manipulated the forex market to boost the banks' profits, AFP reports. Reference Link
06:01 EDTBCSBanks to settle civil forex lawsuit for nearly $2B, WSJ reports
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June 17, 2015
15:04 EDTWFCGE Capital Real Estate closes nearly $10B in deals towards exit
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11:16 EDTWFCOCC restricts some banks from certain mortgage related business activity
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11:07 EDTWFCWells Fargo issues statement on amended OCC Consent Order
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08:31 EDTZIONZions Bancorp price target raised to $35 from $32 at RBC Capital
RBC Capital raised its price target on Zions after the company announced that it had sold all of its remaining CDO securities, The firm thinks the move leaves the company better positioned for a favorable outcome from the CCAR process, potentially leading to a more meaningful capital return request. The firm keeps an Outperform rating on Zions.
06:48 EDTWFCMore big banks waiving overdraft fees, WSJ reports
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June 16, 2015
07:11 EDTWFCSurprise AIG ruling may make future bailouts unlikely, even if needed, NYT says
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07:03 EDTZIONZions Bancorp announces exit of CDO position
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