News Breaks |
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| February 20, 2013 |
| 07:10 EDT |  | JPM, C, BAC, STI | Major U.S. bank lending of deposits decreases, Bloomberg reports
The biggest U.S. banks (JPM, C, BAC, STI) are lending the smallest portion of their deposits in five years as cash floods in from savers and a slow economy damps demand from borrowers. The average loan-to-deposit ratio for the top eight commercial banks fell to 84% in Q4 from 87% a year earlier and 101% in 2007, according to Credit Suisse Group data, reports Bloomberg.Reference Link |
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News For JPM;C;BAC;STI From The Last 14 Days Check below for free stories on JPM;C;BAC;STI the last two weeks. |
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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 | | 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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| 07:13 EDT | | JPM, BAC | Bank profits seen hurt by rising rates with no growth, Bloomberg reports
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| 06:14 EDT | | BAC, JPM | On the Fly: Periodicals Wrap-Up
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| June 14, 2013 |
| 10:10 EDT |  | STI | 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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| 09:05 EDT | | JPM | JPMorgan says One Equity Partners to raise future funds independently
JPMorgan Chase announced that the partners of One Equity Partners, the firm’s private equity unit, will begin to raise their next fund from an external group of limited partners and become independent from JPMorgan Chase. One Equity Partners currently manages approximately $4.5B of investments for JPMorgan Chase in direct private equity transactions and has produced strong returns over the last twelve years. OEP will continue to make direct investments for JPMorgan Chase for an interim period. OEP will still manage the existing group of portfolio companies for JPMorgan Chase to maximize value for the firm. |
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| 09:05 EDT | | JPM | JPMorgan says One Equity Partners to become independent
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| 06:41 EDT | | STI | SunTrust downgraded to Neutral from Buy at UBS
UBS downgraded SunTrust due to valuation. Price target is $34. |
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| June 13, 2013 |
| 16:00 EDT | | BAC | Options Update; June 13, 2013
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| 09:37 EDT | | C | Active equity option families trading on open
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| 07:05 EDT |  | C | Citigroup credit quality trends increase confidence, says Credit Suisse
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| 05:52 EDT | | C | Bank seizures of U.S. homes increased in May, Reuters reports
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| June 12, 2013 |
| 18:30 EDT | | JPM | JPMorgan cuts 1,800 jobs in mortgage servicing, CNBC reports
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| 16:02 EDT | | C | Options Update; June 12, 2013
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