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Stock Market & Financial Investment News

News Breaks
May 2, 2012
12:16 EDTGS, BAC, MSGoldman Sachs to lead Glam Media IPO, Business Insider reports
The IPO of digital media company Glam Media will be led by Goldman Sachs (GS), a source familiar with the situation tells Business Insider. Bank of America Merrill Lynch (BAC) will search as a co-lead, while Allen & Co will serve as a co-manager. Goldman reportedly went head-to-head with Morgan Stanley (MS) to lead the IPO. Reference Link
News For GS;BAC;MS From The Last 14 Days
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August 13, 2014
06:19 EDTGS, MSBanks pressing Federal Reserve to delay rule on investments, WSJ says
Banks are pushing U.S. policy makers for a delay of a rule that requires them to sell investments in private-equity and venture-capital funds, reports the Wall Street Journal. According to people familiar with the effort, bank officials, trade groups and lawmakers are lobbying the Federal Reserve to delay the rule for up to seven years that limits banks' investments. Reference Link
August 12, 2014
09:35 EDTBACActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GOOG C TSL EXAS BAC DNDN JNJ TSLA
07:48 EDTBAC, MS, GSBanks posted second-highest profit in 23 years in second quarter, WSJ says
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August 11, 2014
17:28 EDTGSGoldman Sachs reports 11.5% passive stake in 58.com
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August 8, 2014
09:37 EDTBACActive equity options trading on open
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07:23 EDTGSLevin probe of Goldman, JPMorgan commodity trading nears end, Reuters says
Senator Carl Levin's investigators have met with representatives from Goldman Sachs (GS) and JPMorgan (JPM) in recent weeks as his office wraps up its probe of the bank's commodity trading businesses, which could potentially reveal abuses in energy and metals markets, according to Reuters, citing sources familiar with the matter. Executives from the banks may appear at a hearing as early as September, the report added. Reference Link
07:18 EDTGS, MS, BACRegulators direct banks to steer mortgage aid to hard-hit areas, FT says
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August 7, 2014
08:23 EDTBACL.A. suit against JPMorgan over mortgage lending dismissed, Reuters reports
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06:39 EDTGSGoldman lowers legal loss over reserves estimate to $3.2B from $3.7B
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August 6, 2014
17:35 EDTBACBank of America near $16B-$17B settlement with DoJ over mortgages, WSJ says
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15:59 EDTBACBank of America near $16B-$17B settlement with DOJ over mortgages, DJ says
12:12 EDTBACOn The Fly: Midday Wrap
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09:15 EDTBACBank of America increases quarterly dividend to 5c per share
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08:20 EDTGS, BAC, MSFed, FDIC tell big banks to revise 'living will' plans
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07:58 EDTBACBank of America July volatility flat on tight three-month price range
Bank of America August call option implied volatility is at 24, September is at 26 and January is at 25; compared to its 26-week average of 24 according to Track Data, suggesting non-directional near term price movement.
06:30 EDTGSDeutsche Bank, Goldman near agreement for NBG unit, Bloomberg says
The private-equity arms of Deutsche Bank (DB) and Goldman Sachs (GS) are close to finalizing a deal to purchase the buyout division of National Bank of Greece (NBG) for close to $506M, according to Bloomberg, citing two people with knowledge of the matter. Reference Link
06:27 EDTMSMorgan Stanley says continuing to respond to subpoenas, requests for information
Morgan Stanley said in a filing that it is continuing to respond to subpoenas and requests for information from certain federal and state regulatory and governmental entities, including among others various members of the RMBS Working Group of the Financial Fraud Enforcement Task Force, concerning the origination, financing, purchase, securitization and servicing of subprime and non-subprime residential mortgages and related matters such as residential mortgages backed securities, collateralized debt obligations, structured investment vehicles and credit default swaps backed by or referencing mortgage pass through certificates. These matters include, but are not limited to, investigations related to the companyís due diligence on loans that it purchased for securitization, the companyís communications with ratings agencies, the companyís disclosures to investors, and the Companyís handling of servicing and foreclosure related issues. On May 8, the California Attorney Generalís Office, which is one of the members of the RMBS Working Group, indicated that it has made certain preliminary conclusions that the Company made knowing and material misrepresentations regarding RMBS and that it knowingly caused material misrepresentations to be made regarding the Cheyne SIV, which issued securities marketed to the California Public Employees Retirement System. The CAAG has further indicated that it believes the companyís conduct violated California law and that it may seek treble damages, penalties and injunctive relief. The company does not agree with these conclusions and has presented defenses to them to the CAAG. On July 23, the U.S. SEC approved the companyís Offer of Settlement to resolve the SECís investigation of certain subprime RMBS transactions sponsored and underwritten by the company in 2007. Pursuant to the settlement, the company was charged with violating Sections 17(a)(2) and 17(a)(3) of the Securities Act, agreed to pay disgorgement and penalties in an amount of $275M and neither admitted nor denied the SECís findings.
06:25 EDTMSMorgan Stanley says added $53M to legal costs in Q2, cutting EPS by 2c
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06:23 EDTMS, BACSecurities Industry & Financial Markets Association to hold a seminar
Compliance & Legal Society Regional Seminar to be held in San Francisco on August 6.
06:19 EDTMSCFA Society of Minnesota to hold a conference
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