New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 15, 2014
07:28 EDTBLK, RY, NDAQ, TROW, ICESEC officials weighing curbs on trading fees, WSJ says
SEC officials, including some commissioners, are considering a trial program to curb "maker-taker" fee plans that are a major source of revenue for exchanges and some high-frequency trading firms, according to The Wall Street Journal. Fund managers, including BlackRock (BLK), are concerned about the negative effects of maker-taker, the report added. IntercontinentalExchange (ICE) CEO Jeffrey Sprecher, along with representatives from T. Rowe Price (TROW) and from RBC Capital (RY), recently held a series of private meetings with SEC Chairman Mary Jo White to push for its elimination, according to the report, citing people familiar with the matter. Like IntercontinentalExchange, which owns the New York Stock Exchange, Nasdaq (NDAQ) is a publicly-traded exchange operator. Reference Link
News For ICE;NDAQ;BLK;TROW;RY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
January 26, 2015
11:39 EDTNDAQ, ICENYSE, NASDAQ plan to keep normal hours today, tomorrow, Bloomberg says
Subscribe for More Information
08:53 EDTBLKBig name mortgage investors take step toward Ocwen lawsuit, Reuters says
Subscribe for More Information
January 22, 2015
16:27 EDTRYOn The Fly: Closing Wrap
Subscribe for More Information
13:59 EDTRYRoyal Bank of Canada not planning further large acquisitions, Reuters says
Subscribe for More Information
12:28 EDTRYOn The Fly: Midday Wrap
Subscribe for More Information
09:16 EDTRYOn The Fly: Pre-market Movers
Subscribe for More Information
08:16 EDTBLKMarketAxess, BlackRock expand strategic trading alliance into Europe
MarketAxess Holdings Inc. (MKTX) and BlackRock, Inc. (BLK) are expanding their Open Trading alliance into the European credit markets. The strategic alliance seeks to improve liquidity and reduce transaction costs for European fixed income market participants, building upon the success of the firmsí existing partnership in U.S. credit. The alliance will offer increased choice in execution options and counterparties, while providing valuable data and market insights to better inform trading decisions in European markets. Under the expanded partnership, the firms will continue their efforts to develop innovative trading protocols that address liquidity challenges in the global credit markets.
08:03 EDTRYRoyal Bank of Canada to host conference call
Subscribe for More Information
07:14 EDTRYCity National volatility elevated into Royal Bank of Canada acquiring for $5.4B
Subscribe for More Information
07:05 EDTRYRoyal Bank of Canada to acquire City National for $93.80 per share
City National Corporation (CYN) and Royal Bank of Canada (RY) announced a definitive agreement by which Royal Bank of Canada will acquire all outstanding shares of City National Corp. Total consideration is valued at approximately $5.4B at announcement, or approximately $93.80 per City National share, comprised of a mix of cash and common stock, based on RBC's closing stock price on January 21. The agreement has been approved by the boards of both companies. Following completion of this transaction, Russell Goldsmith will remain Chairman and CEO of City National, and he also will be responsible for RBC's U.S. Wealth Management unit. Goldsmith has served as City National's CEO since 1995. RBC will pay, on average, approximately $47.25 in cash and 0.7489 of an RBC common share for each share of City National common stock. City National stockholders will be entitled to elect to receive the merger consideration in RBC common shares or cash, subject to certain adjustments and limitations. The aggregate consideration will be paid with approximately $2.7B in cash and approximately 44M RBC common shares. This represents approximately a 50% cash and 50% share mix as of announcement. The total number of RBC common shares to be issued and the amount of cash to be paid in the transaction are both fixed. As part of the transaction, the Goldsmith family stockholders have agreed to vote their City National holdings in favor of the transaction and to hold at least 50% of the RBC common shares received by them in the transaction until the third anniversary of closing. The transaction is expected to be accretive to RBC's earnings per share in the latter part of year three and accretive to earnings in year two. Given RBC's strong capital position and internal capital generation, the company expects to maintain its ongoing capital management program, and to maintain a Common Equity Tier 1 ratio at closing broadly in line with its current level. RBC's CET 1 ratio was 9.9% as of October 31, 2014. Closing is expected before the end of calendar 2015 subject to customary closing conditions, including receipt of required regulatory approvals and the approval of City National's stockholders.
07:02 EDTRYRoyal Bank of Canada to acquire City National for $93.80 per share
Subscribe for More Information
January 20, 2015
09:06 EDTICENYSE completes minority investment in Coinbase
Subscribe for More Information
07:28 EDTBLKTreasury Institute for Higher Education to hold a symposium
Subscribe for More Information
06:58 EDTBLK, TROWBlackRock, Fidelity close to launching 'dark pool,' WSJ reports
Some of the largest mutual fund firms, including Fidelity, BlackRock (BLK), Bank of New York Mellon (BK),, T. Row Price (TROW) and JP Morgan (JPM) are among the firms that are close to launching a new "dark pool," The Wall Street Journal reports, citing sources. The effort, which involves nine firms in total, would look to shut out sell-side trading desks and high-speed trading firms. Reference Link
January 18, 2015
13:06 EDTNDAQNasdaq, JPX agree to milestone market technology deal
Subscribe for More Information
January 16, 2015
12:43 EDTBLKOn The Fly: Midday Wrap
Subscribe for More Information
10:06 EDTRYHigh option volume stocks
Subscribe for More Information
10:01 EDTTROWOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:13 EDTICEIntercontinentalExchange February volatility elevated into Q4 and outlook
Subscribe for More Information
06:42 EDTTROWT. Rowe Price downgraded to Underweight from Overweight at JPMorgan
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use