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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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| May 23, 2013 |
| 10:53 EDT |  | MMC | Marsh & McLennan to acquire Rehder y Asociados, terms not disclosed
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| 05:48 EDT |  | BCS | Proxy advisers see their power diminish, WSJ reports
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| May 22, 2013 |
| 11:05 EDT |  | MMC | Marsh & McLennan management to meet with UBS
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| 09:02 EDT |  | WFC | Financials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. |
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| May 21, 2013 |
| 15:19 EDT |  | TRV | Travelers remains below its 10-day moving average, levels to watch
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| 08:38 EDT | | MMC | Marsh & McLennan management to meet with UBS
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| 07:26 EDT | | ZION, WFC | Barclays to host a conference
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| 07:13 EDT | | WFC | U.S. bank mergers less likely this year, Bloomberg reports
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| May 20, 2013 |
| 11:49 EDT | | WFC | Wells, Citi halt most foreclosure sales amid OCC scrutiny, American Banker says
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| 10:04 EDT | | FMER | FirstMerit management to meet with JPMorgan
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| 07:50 EDT | | BCS | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link |
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| 07:24 EDT | | ZION | SunTrust to host a conference
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| May 16, 2013 |
| 12:32 EDT |  | BCS | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link |
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| 11:01 EDT | | MMC | Marsh & McLennan board increases share repurchase program to $1B
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| 11:01 EDT | | MMC | Marsh & McLennan increases quarterly dividend by 9% to 25c
The dividend is payable on August 15 to shareholders of record on July 11. |
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| 08:33 EDT | | ZION, WFC | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. |
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| 06:41 EDT | | WFC | Big banks to benefit from U.S. concession on derivatives, NY Times says
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| May 15, 2013 |
| 17:53 EDT | | WFC | Wells Fargo confirms reinstatement of $203M judgment in overdraft case
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| 16:55 EDT | | WFC | Berkshire Hathaway gives quarterly update on stakes
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| 15:45 EDT | | WFC | Judge orders Wells Fargo to pay $203M to settle overdraft case, Retuers says
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| May 14, 2013 |
| 13:20 EDT | | ZION | Zions Bancorp management to meet with SunTrust
Group dinner to be held in New York on May 20 hosted by SunTrust. |
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| 08:33 EDT | | WFC | CFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link |
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| 06:19 EDT | | WFC | Brokerage firms see market share drop, competition increase, Bloomberg reports
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| 05:44 EDT | | BCS | Banks work deals from both sides of the field, WSJ reports
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| May 13, 2013 |
| 18:06 EDT | | BCS | Barclays gets shareholder lawsuit over Libor thrown out, Reuters says
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| 15:04 EDT | | WFC | Fed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. |
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| 06:49 EDT | | BCS | ECB member says negative deposit rates would help economy, Reuters says
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