News Breaks |
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| October 23, 2012 |
| 05:59 EDT |  | USB, C, GS, WFC, BAC, MS, JPM | Banks reconsider their options with commodities trading, WSJ reports
Goldman Sachs Group (GS) has held preliminary internal discussions in recent years about splitting off its lucrative commodities-trading business, sources say, reports the Wall Street Journal. The idea is on hold as they wait to see how the business fits into the final version of new regulations such as the Volcker rule, which is scheduled to be implemented in coming months. But the fact that Goldman has considered a possible restructuring of such a major business shows how dramatically new rules are reshaping the investment-banking landscape. Reference Link |
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News For GS;JPM;BAC;C;MS;WFC;USB From The Last 14 Days Check below for free stories on GS;JPM;BAC;C;MS;WFC;USB the last two weeks. |
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| June 19, 2013 |
| 19:28 EDT |  | GS | Ebix, Goldman Sachs affiliate terminate merger agreement
Ebix (EBIX) announced that it and an affiliate of Goldman Sachs (GS) have agreed to terminate their previously announced merger agreement. The merger agreement, announced on May 1, had provided for Ebix to be acquired by an affiliate of Goldman Sachs. The decision to terminate the merger agreement was the result of a letter received by Ebix on June 14 from the U.S. Attorney for the Northern District of Georgia that it had opened an investigation into allegations of intentional misconduct that had been brought to its attention from the pending shareholder class action lawsuits against the company's directors and officers, the media and other sources. The merger agreement is being terminated without payment of a termination fee by either party and each party and certain significant shareholders of Ebix and each of their respective affiliates have agreed to release each other from all claims arising under or related to the terminated merger agreement and related transaction agreements. Ebix's board of directors announced that it intends to continue to evaluate strategic options for the company. |
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| 16:01 EDT |  | C | Options Update; June 19, 2013
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| 15:05 EDT | | BAC, MS, WFC, JPM, USB, GS, C | Bernanke says largest banks at or near compliant to Basel III rules
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| 09:38 EDT | | C | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL AMAT FDX MA C GOOG DISH AMRN MRK BIDU |
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| June 18, 2013 |
| 16:00 EDT | | C | Options Update; June 18, 2013
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| 12:48 EDT | | USB | U.S. Bancorp raises quarterly dividend 18% to 23c per share
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| 07:29 EDT |  | BAC, GS, C | Securities Industry and Financial Markets Association to host a conference
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| June 17, 2013 |
| 16:00 EDT | | C | Options Update; June 17, 2013
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| 14:27 EDT | | C | Citigroup May net charge-offs 3.00% vs. 3.11% last month
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| 14:20 EDT | | C | Criminal charges likely in Libor case, WSJ reports
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| 10:22 EDT | | BAC | Bank of America reports May card write-offs 4.03% vs. 4.55% last month
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| 09:36 EDT | | JPM | JPMorgan reports May net credit losses 3.34% vs. 3.49% last month
Reports May delinquency rate 1.60% vs. 1.70% last month. |
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| 08:09 EDT | | JPM | JPMorgan confirms launch of asset tracking service
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| 07:50 EDT | | MS, JPM | Move to relaunch synthetic CDOs falls apart, FT reports
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| 07:42 EDT | | JPM | JPMorgan to begin asset tracking service, FT reports
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| 07:31 EDT | | WFC | DNV KEMA to host a forum
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| 07:13 EDT | | BAC, JPM | Bank profits seen hurt by rising rates with no growth, Bloomberg reports
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| 07:10 EDT | | USB, WFC | Big banks fight new rules for small loans, WSJ reports
Large banks are pushing back against regulators' plans to toughen rules on short-term, high-interest consumer loans. Wells Fargo, the largest bank to offer "deposit-advance loans," told regulators that it will discontinue the loans if plans for tougher rules are completed, reports the Wall Street Journal.Reference Link |
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| 06:14 EDT | | JPM, WFC, BAC | On the Fly: Periodicals Wrap-Up
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| June 14, 2013 |
| 10:10 EDT |  | WFC | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee. |
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