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Stock Market & Financial Investment News

News For GS;JPM;USB;MS;BAC;WFC;C From The Last 14 Days
Check below for free stories on GS;JPM;USB;MS;BAC;WFC;C the last two weeks.
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May 10, 2013
07:33 EDTBACNew York's case against BofA, Merrill may be dropped, Reuters reports
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05:30 EDTBACKeyBank to acquire Bank of America CMBS servicing portfolio, Berkadia CMBS business
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May 9, 2013
17:12 EDTJPMJPMorgan sued by California for "fraudulent, unlawful debt-collection practices"
Attorney General Kamala D. Harris filed an enforcement action against JPMorgan Chase alleging that the bank engaged in fraudulent and unlawful debt-collection practices against tens of thousands of Californians. The suit alleges that Chase engaged in widespread, illegal robo-signing, among other unlawful practices, to commit debt-collection abuses against approximately 100,000 California credit card borrowers over at least a three-year period. Chase used California’s judicial system as a mill to obtain default judgments, the suit alleges, using illegal tactics to flood the state’s court system in order to secure default judgments and garnish wages from Californians. Reference Link
14:30 EDTBACOptions Update; May 9, 2013
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08:09 EDTJPM, GS, BAC, MSJPMorgan, Bank of America had perfect trading records in Q1, Bloomberg reports
JPMorgan Chase (JPM) and Bank of America (BAC) had perfect trading records in the first quarter, making money every day of the period as Morgan Stanley (MS) posted losses in eight sessions and Goldman Sachs (GS) in two, reports Bloomberg. One daily gain at JPMorgan was over $200M as the bank recovered from last year’s London Whale derivatives loss, the company said in a regulatory filing. Reference Link
07:35 EDTJPMPlatts to host a conference
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07:12 EDTCCitigroup closing in on Deutsche Bank in Asian currency trade, Bloomberg reports
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06:40 EDTJPMCalpers to support separation of chairman, CEO roles at JPMorgan, NY Times says
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06:10 EDTCOn the Fly: Periodicals Wrap-Up
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06:05 EDTGSGoldman Sachs made about $500M for Malaysian bond sales, Bloomberg reports
Goldman Sachs Group made about $500M arranging three bond sales in the past year for 1Malaysia Development Bhd., the state investment fund led by Prime Minister Najib Razak, sources say, reports Bloomberg. That total is nearly as much as Malaysia pays each month on its debt and compares with Goldman's record $694M of global bond underwriting fees in the first quarter, according to Bloomberg data. Reference Link
05:43 EDTBAC, GS, MS, JPM, WFC, C, USBBig banks take the offense against Washington, WSJ reports
The biggest U.S. banks are going on the offensive to fight off growing efforts in Washington to rein them in, reports the Wall Street Journal. They've hired longtime, influential Washington insiders to deflect regulatory and political pressure to strengthen their finances and to sell assets. Reference Link
05:39 EDTJPMJPMorgan looks for more board directors for its risk committee, WSJ reports
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