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Stock Market & Financial Investment News

News Breaks
May 19, 2014
06:40 EDTBNPQY, CS, GSGoldman Sachs says guilty pleas could affect credit relationships, WSJ says
Goldman Sachs' (GS) CEO Lloyd Blankfein said guilty pleas by foreign banks could affect their relationships with them, saying the impact "depends on the consequences of the guilty pleas." Blankfein's comments at the company's annual shareholder meeting Friday comes after Credit Suisse (CS) and BNP Paribas (BNP) may plead guilty to U.S. criminal charges. Reference Link
News For GS;CS;BNPQY From The Last 14 Days
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November 27, 2015
08:40 EDTGSLarge Banks reduce number of loans to small businesses, WSJ says
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07:39 EDTGSBofA, Barclays, other banks sued over rate-swap market block, Bloomberg says
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November 25, 2015
12:46 EDTGSFederal Reserve approves final rule for capital plan and stress test regulations
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06:17 EDTGSThree Goldman Sachs bankers leave for Uber, Reuters reports
Three bankers in Goldman Sach's technology investment banking group have left the company to take positions at Uber in recent months, reports Reuters, citing people familiar with the matter. Goldman does not disclose attrition figures, but has lost enough employees to startups and private equity firms that it announced earlier a series of changes designed to retain more junior employees. Reference Link
November 24, 2015
15:05 EDTGSFed to provide means for banks examiners to express divergent views
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07:45 EDTGSSunEdison places 400MW of solar capacity on sale, Economic Times says
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06:02 EDTBNPQYBNP Paribas among companies interested in GE unit, Reuters reports
BNP Paribas (BNPQY), La Banque Postale and CM-CIC are said to be interested in buying the European factoring division of General Electric (GE), Reuters reports, citing a report from Les Echos. According to Les Echos, firms offers for the unit, which could value the business at EUR700M-EUR1B, are expected today. BNP Paribas is said to be interested in the business in France and Germany, the report says. Reference Link
November 23, 2015
06:07 EDTCSCredit Suisse's 2015 compensation structure under consideration, Bloomberg says
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06:06 EDTCSCredit Suisse unit receives civil investigative demands from DOJ, Reuters says
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November 20, 2015
05:51 EDTBNPQYBNP Paribas to pay $59.8M in Swiss bank settlement, Bloomberg reports
BNP Paribas has agreed to pay $59.8M and revealed Swiss banking secrets in detail to avoid U.S. prosecution, reports Bloomberg. Some of the secrets include assets restructured into Liechtenstein-linked insurance policies, and a banker who agreed to communicate with one U.S. client by faxes or calls to a prepaid mobile phone. KBL and Bank CIC have also joined the program, paying $18.8M and $3.3M respectively. Reference Link
05:46 EDTBNPQYBNP Paribas dedicates EUR 15B in financing for renewable energy
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November 18, 2015
08:55 EDTGSMorgan Stanley exec sees Q4 not much better than Q3 for banks, DJ reports
Morgan Stanley (MS) Institutional Securities President Colm Kelleher cautioned that fixed-income markets "still seem subdued," according to Dow Jones, citing his comments at an investment conference. Morgan Stanley was among the banks that reported lower revenue from fixed-income, currency and commodities trading during the third quarter and Kelleher said he doesn't think "the fourth quarter is going to be much better," the report noted. Large bank peers to Morgan Stanley include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
November 16, 2015
11:31 EDTGSBlackstone to sell GCA Services Group to Thomas H. Lee Partners and Goldman Sach
Blackstone (BX) announced that private equity funds it manages have agreed to sell GCA Services Group to a consortium of the Merchant Banking Division of Goldman Sachs (GS) and Thomas H. Lee Partners. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2016.
07:40 EDTGSBuffett says lower stakes in Goldman, Wal-Mart doesn't reflect lower confidence
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07:36 EDTGSBerkshire Hathaway discloses new AT&T stake in quarterly update
Berkshire Hathaway gave a quarterly update on its stakes in a filing this morning. NEW STAKES: AT&T (T), Kraft Heinz (KHC), Liberty Lilac Group (LILA). INCREASED STAKES: Phillips 66 (PSX), Charter (CHTR), Liberty Media (LMCK), Suncor (SU), General Motors (GM). DECREASED STAKES: Goldman Sachs (GS), Wal-Mart (WMT), Deere (DE), Chicago Bridge & Iron (CBI), WABCO (WBC). LIQUIDATED STAKES: Viacom (VIAB).
06:48 EDTGSGoldman, Thomas H. Lee agree to buy GCA Services from Blackstone, Reuters says
According to sources, Reuters reports that the private equity unit of Goldman Sachs (GS) and Thomas H. Lee Partners have agreed to buy GCA Services Group, a facility management company, from Blackstone (BX) for about $1B, including debt. Goldman and Thomas H. Lee will have equal participation in the consortium that will buy GCA. Reference Link

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