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Stock Market & Financial Investment News

News Breaks
February 3, 2014
06:32 EDTSCGLY, GS, OZM, JPM, BX, CSDOJ investigates banks, Libyan ties, WSJ reports
The Justice Department is now involved in a growing probe of banks, private-equity firms and hedge funds that may have violated anti-bribery laws in their dealings with Libya's government-run investment fund, sources say, reports the Wall Street Journal. Federal investigators, including the SEC, are looking at Goldman Sachs (GS), Credit Suisse (CS), JPMorgan Chase (JPM), Societe Generale (SCGLY), Blackstone Group (BX) and Och-Ziff Capital Management (OZM), sources say. Reference Link
News For GS;CS;JPM;SCGLY;BX;OZM From The Last 14 Days
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May 20, 2015
10:09 EDTJPMCiti, JPMorgan, RBS, Barclays, UBS agreed to guilty pleas in forex settlement
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10:08 EDTJPMJPMorgan announces $892M in settlements with DOJ, Fed
JPMorgan Chase announced settlements with the U.S. Department of Justice and the Federal Reserve relating to the bank’s foreign exchange (FX) trading business. Under the DOJ resolution, JPMorgan will plead guilty to a single antitrust violation and pay a fine of $550M. Under the resolution with the Fed, the bank will pay a fine of $342M and has agreed to the entry of a Consent Order. JPMorgan said it has previously reserved for these settlements. These settlements are in addition to agreements announced in November 2014 with the U.K. Financial Conduct Authority, the U.S. Commodity Futures Trading Commission and the U.S. Office of the Comptroller of the Currency relating to the FX trading business. The press release stated, "The conduct underlying the antitrust charge is principally attributable to a single trader (who has since been dismissed) and his coordination with traders at other firms." Jamie Dimon, Chairman and CEO of JPMorgan Chase, said: “The conduct described in the government’s pleadings is a great disappointment to us. We demand and expect better of our people. The lesson here is that the conduct of a small group of employees, or of even a single employee, can reflect badly on all of us, and have significant ramifications for the entire firm. That’s why we’ve redoubled our efforts to fortify our controls and enhance our historically strong culture."
08:51 EDTBXBlackstone to sell 25% stake in Eircom to Anchorage Capital, Reuters says
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08:21 EDTGS, JPMATM data theft soars to highest rate in two decades, WSJ says
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May 19, 2015
15:42 EDTJPMBanks' settlement over forex rigging to be announced tomorrow, CNBC says
Several banks are said to plan to plead guilty and pay "billions" in fines in a settlement over their roles in foreign exchange manipulation that is expected to be announced Wednesday, according to CNBC's Kate Kelly. Prior media reports have listed Barclays (BCS), Royal Bank of Scotland (RBS), UBS (UBS), JPMorgan (JPM) and Citigroup (C) as having been in talks with U.K. and U.S. authorities for their roles in foreign currency rigging.
09:37 EDTJPMActive equity options trading on open
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May 18, 2015
09:46 EDTJPMMPLX enters common unit sales agreement for up to $500M
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08:32 EDTCSOvaScience announces Ravi Mehrotra as Chief Corporate Development Officer
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07:12 EDTJPMBarclays expected to face over GBP250M in fines for rigging, Telegraph says
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May 15, 2015
10:47 EDTJPMNCR Corp. working with JPMorgan on sale, dealReporter says
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07:50 EDTJPMDOJ tearing up prior UBS rigging settlement after new violations, WSJ reports
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06:55 EDTBXBlackstone takes minority stake in Magnetar Capital, WSJ reports
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06:18 EDTJPMJPMorgan reports April Net Credit Losses 2.34% vs. 2.61% last month
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May 14, 2015
09:31 EDTJPMJPMorgan to buy $45B in mortgage servicing rights from Ocwen
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09:31 EDTJPMJPMorgan to buy $45B in mortgage servicing rights from Ocwen
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06:49 EDTJPMBanks to pay several billion over alleged currency violations, NY Times says
Barclays (BCS), JPMorgan Chase (JPM), Citigroup (C) and the Royal Bank of Scotland (RBS) are expected to agree to pay a combined "several billion dollars" as part of a settlement with the U.S. over alleged foreign exchange rigging, according to The New York Times, which cited unnamed sources. The banks are also expected to plead guilty to criminal antitrust violations, but it is not anticipated that their operations will be significantly affected as a result of those pleas, the newspaper stated. Meanwhile, UBS (UBS) will pay a fine of up to $500M related to alleged "foreign currency misconduct," the newspaper stated. Reference Link
06:04 EDTGSUnivision IPO could launch 'in weeks,' NY Post reports
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May 13, 2015
12:13 EDTGSGoldman Sachs management to meet with MKM Partners
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07:21 EDTCSCredit Suisse to hold a conference
4th Annual Disruptive Technology Conference is being held in San Francisco on May 13-14 with webcasted company presentations to begin on May 13 at 10:35 am; not all company presentations may be webcasted. Webcast Link
06:04 EDTBXBlackstone in discussions to buy Mega from Alon Group, Globes reports
Blackstone is in discussions to buy Mega, an Israeli supermarket retail chain, from Alon Group, Globes reports, citing sources. Blackstone has no current investments in Israel, the publication notes, adding that it is possible that Blackstone will partner with instead of buying Mega. Reference Link
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