New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 15, 2013
06:58 EDTWFC, C, JPM, MS, GS, USB, BACBoard proposes giving banks more freedom to value assets, NY Times says
The Financial Accounting Standards Board, which sets U.S. accounting rules, yesterday proposed allowing banks to significantly reduce the use of market values in their financial statements, according to The New York Times. The change would give banks more latitude to value financial assets based on their own estimates, the newspaper noted. It would also eliminate the existing situation which results in banks' profits increasing when their credit deteriorates, and vice versa, the newspaper added. Reference Link
News For JPM;BAC;GS;C;USB;MS;WFC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
July 27, 2015
06:52 EDTWFCWells Fargo currently testing mobile biometrics, WSJ reports
Wells Fargo is currently testing voice recognition and eye scanning in an effort to use biometrics technology to authenticate customers using their mobile applications, the Wall street Journal reports, citing comments from Steve Ellis, head of Wells Fargo's new Innovation Group. Wells Fargo's mobile development efforts include testing an assist using artificial intelligence technology and the bank expects to launch the software in 2016, the report says. Reference Link
06:26 EDTGS, MS, JPMSymphony Communication eyes $1B funding round, WSJ reports
Symphony Communication Services, an instant-messaging software company backed by Wall Street firms including Goldman Sachs (GS), is eyeing an investment round that may value it at as much as $1B, the Wall Street Journal reports, citing people familiar with the matter. The startup is canvassing a range of possible new investors, including venture-capital funds and additional financial firms, the report says. Symphony also wants funds from its existing backers, including Goldman, Morgan Stanley (MS), JPMorgan Chase (JPM), and BlackRock (BLK), the report says. Reference Link
July 24, 2015
14:01 EDTBACBank of America's Lynch to step down as general counsel, Bloomberg reports
Subscribe for More Information
10:46 EDTCCiti's Mexico unit facing expanding money laundering probe, Bloomberg says
Subscribe for More Information
09:36 EDTBACActive equity options trading on open
Subscribe for More Information
July 23, 2015
18:57 EDTWFCWells Fargo 'poised for growth,' Barron's says
Wells Fargo is a "high quality" value stock and the "well-managed" company could be "poised for growth" given the potential for interest rate hikes before the end of the year, Barron's contends in its 'Weekday Trader' column. Reference Link
10:40 EDTGSGoldman Sachs July weekly calls active
Goldman Sachs July 215 and 217.5 weekly calls are active on total call volume of 10K contracts (1K puts). July weekly call option implied volatility is at 18, August and October is at 16; compared to its 52-week range of 15 to 28. Active call volume suggests traders taking positions for near term price movement.
09:06 EDTWFCSEI Investments extends long-term realtionship with Wells Fargo
Subscribe for More Information
07:16 EDTJPMChase Card Services, Southwest announce extension to co-branded card agreement
Subscribe for More Information
07:15 EDTBACBank of America could underperform after executive changes, says Wells Fargo
Subscribe for More Information
07:13 EDTJPMJPMorgan management to meet with Deutsche Bank
Subscribe for More Information
06:56 EDTGSBarber Foods possible $2B sale delayed due to chicken recall, NY Post says
Subscribe for More Information
06:09 EDTGSGoldman Sachs implied volatility of 15 at lower end of index mean range
Subscribe for More Information
July 22, 2015
18:59 EDTBACBank of America announces CFO Bruce Thompson to step down
Bank of America announced that CFO Bruce Thompson has decided to step down after more than five years as Chief Risk Officer and Chief Financial Officer. Paul Donofrio, who has been with Bank of America since 1999 and has 25 years of global corporate and investment banking experience, will become CFO, effective August 1. Additionally, Global Human Resources executive Andrea Smith will assume a newly created position as Chief Administrative Officer. Replacing Smith as Global Human Resources executive is Sheri Bronstein.
18:37 EDTBACBank of America CFO Bruce Thompson to step down, WSJ reports
Bank of America CFO Bruce Thompson is leaving the bank, according to an internal memo, and will be replaced with Paul Donofrio, the Wall Street Journal reports. Reference Link
16:26 EDTCCiti releases results of 2015 Dodd-Frank Stress Test
Subscribe for More Information
12:58 EDTCCiti says to wind down banking operations at Banamex USA
Subscribe for More Information
12:53 EDTCFDIC announces $140M civil penalty against Citi's Banamex USA unit
The FDIC announced the assessment of a civil money penalty of $140M against Banamex USA, Century City, California, for violations of the Bank Secrecy Act and anti-money laundering laws and regulations. In a concurrent action, the California Department of Business Oversight assessed a civil money penalty of $40M. The FDIC's penalty of $140M will be satisfied in part by the CDBO's penalty. The FDIC's penalty will be paid to the United States Department of the Treasury. In taking this action, the FDIC determined that the bank failed to implement an effective BSA/AML Compliance Program over an extended period of time. The institution failed to retain a qualified and knowledgeable BSA officer and sufficient staff, maintain adequate internal controls reasonably designed to detect and report illicit financial transactions and other suspicious activities, provide sufficient BSA training, and conduct effective independent testing.
09:01 EDTWFCWells Fargo names Pelos to oversee commercial, corporate, treasury mangement
Subscribe for More Information
06:09 EDTJPM4 arrested men suspected of JPMorgan hacking, NYT reports
Subscribe for More Information
1 | 2 | 3 | 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