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Stock Market & Financial Investment News

News Breaks
May 19, 2014
06:40 EDTCS, GS, BNPQYGoldman 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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December 19, 2014
07:31 EDTGSLarge banks oil exposure manageable, says Wells Fargo
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December 18, 2014
15:16 EDTGSFed gives banks until July 2016 to to conform investments with covered funds
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14:28 EDTGSGoldman Sachs promotes Waldron to co-head of investment-banking, WSJ reports
Goldman Sachs promoted John Waldron to replace John Weinberg as co-head of investment-banking, reported The Wall Street Journal. Weinberg will remain one of the firm's three vice chairmen and transition to a new client-development role, the report noted. Reference Link
December 17, 2014
07:20 EDTGS, CSCapital Link to hold a forum
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December 16, 2014
07:21 EDTGSGoldman Sachs volatility at upper end of two-year range
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December 15, 2014
16:15 EDTGSGoldman Sachs initiated with a Buy at Guggenheim
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December 14, 2014
15:47 EDTBNPQYBNP Paribas management to meet with JPMorgan
Meetings to be held in Florida on December 15, in Des Moines/Kansas City on December 16, in Minneapolis on December 17 and in Canada/Seattle December 18 hosted by JPMorgan.
December 11, 2014
13:40 EDTCSEuro zone banks accepted $160B in low interest loans, NY Times says
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10:17 EDTGS, CSFINRA fines Barclays Capital, Citigroup Global Markets, others $43.5M total
FINRA announced that it has fined 10 firms a total of $43.5M for allowing their equity research analysts to solicit investment banking business and for offering favorable research coverage in connection with the 2010 planned initial public offering of Toys"R"Us. FINRA fined the following firms. Barclays Capital (BCS) - $5M; Citigroup Global Markets (C) $ 5M; Credit Suisse Securities (CS) $5M; Goldman, Sachs & Co. (CS) $5M; JP Morgan Securities LLC (JPM) $5M; Deutsche Bank Securities Inc. (DB) $4M; Merrill Lynch, Pierce, Fenner & Smith Inc. (BAC) $4M; Morgan Stanley & Co., LLC (MS) $4M; Wells Fargo Securities, LLC (WFC) $4M; Needham & Company LLC $2.5M. In addition, FINRA found that six of the 10 firms Barclays, Citigroup, Credit Suisse, Goldman Sachs, JP Morgan and Needham had inadequate supervisory procedures related to research analyst participation in investment banking pitches. Toys"R"Us and its sponsors offered each of the 10 firms various roles in the IPO but it eventually decided not to proceed with the offering. In settling this matter, the 10 firms neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
07:49 EDTGSThe New York Times to hold a conference
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December 10, 2014
16:24 EDTGSGoldman Sachs reports 10.7% passive stake in Navios Maritime Midstream
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10:00 EDTGSOn The Fly: Analyst Downgrade Summary
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06:57 EDTGSGoldman Sachs downgraded at Susquehanna
As previously reported, Susquehanna downgraded Goldman Sachs to Neutral from Positive. The firm downgraded shares based on full valuation and expectations the fall in energy prices will weigh on high yield and loan volumes into 2015, and pressure the debt portion of investing and lending in the secondary markets. Price target lowered to $200 from $218.
06:32 EDTGSGoldman Sachs downgraded to Neutral from Positive at Susquehanna
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December 9, 2014
14:57 EDTGSFed to propose rulemaking on risk-based capital surcharges for GSIB banks
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14:42 EDTGSFed sees setting capital surcharge up to 4.5% for big U.S. banks, Bloomberg says
Bloomberg cites surcharge estimates in Federal Reserve staff memo. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
December 8, 2014
11:55 EDTGSGoldman Sachs ordered to pay $7.6M in wrongful discharge claim
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07:56 EDTCSRBS asks Credit Suisse, others for Coutts bids by Christmas, Reuters says
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06:35 EDTGSValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks 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

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