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Stock Market & Financial Investment News

News Breaks
January 18, 2013
18:40 EDTBCS, CS, LAZ, JPMCerberus struggled to find advisor for gun unit sale, Bloomberg reports
Cerberus struggled to find an advisor for the sale of Freedom Group, the firm's gun unit, with JPMorgan (JPM), Credit Suisse (CS), and Barclays (BCS) all declining to advise on the sale, according to a Bloomberg report that cites people with knowledge of the matter. The report cites several people familiar with the matter that said that Lazard (LAZ) is helping Cerberus with the sale. Reference Link
News For JPM;CS;BCS;LAZ From The Last 14 Days
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April 1, 2015
07:24 EDTLAZLazard a big beneficiary of European monetary policy, says UBS
UBS believes Lazard will be a big beneficiary of Europe's quantitative easing monetary policy as it should drive an acceleration of M&A activity in Europe. The firm also sees valuation at trough levels, making for a positive risk/reward in the stock. UBS reiterated its Buy rating and $61 price target on Lazard shares.
March 31, 2015
08:29 EDTJPMDOJ examining dealership loans to minority auto buyers, NY Times says
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March 30, 2015
11:28 EDTJPMJPMorgan advances, levels to watch
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07:44 EDTJPMBasel Committee says new regulations unlikely, FT reports
In an interview with the Financial Times, Basel Committee secretary-general William Coen stated most of the post-financial crisis bank regulation is in place, and the committee will now spend 2015 providing clarity on existing regulation. Coen stated that he is strongly inclined to review bank trading book rules by year's end, though the committee's review of market risk regulations may or may not be completed this year. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
March 29, 2015
18:02 EDTJPMECB stimulus may boost trading opportunities for investment banks, Reuters says
The European economic stimulus plan may boost trading opportunities for major investment banks whose profits have been curtailed by an increase in financial regulations since the financial crisis, says Reuters. publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
17:46 EDTJPMJPMorgan could climb 30% in a year, Barron's says
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March 27, 2015
09:37 EDTBCS, CS, JPMGoldman Sachs overtakes JPMorgan in commodities rankings, Reuters says
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06:49 EDTJPMBNY Mellon may have contacted recruitment firm for CEO candidates, Reuters says
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06:08 EDTBCSJiayuan.com engages financial advisor, legal counsel to evaluate proposal letter
Jiayuan.com (DATE) announced that the special committee of the company's board has retained Barclays Bank (BCS) as its financial advisor and Davis Polk & Wardwell as its legal counsel in connection with its review and evaluation of the non-binding proposal letter, dated March 3, from Vast Profit Holdings that proposes a "going-private" transaction involving the acquisition of all of the outstanding ordinary shares of the company not already owned by Vast Profit. Paul Hastings LLP is acting as the company's legal counsel. The board cautions the company's shareholders and others considering trading in the company's securities that no decisions have been made by the Special Committee with respect to the company's response to the proposal and there can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.
March 26, 2015
08:17 EDTJPMSEC Chairwoman proposes new 'dark pool' regulation, NY Post says
Securities and Exchange Commission Chairwoman Mary Jo White proposed new regulation Wednesday that would require high-frequency traders to register with the Financial Industry Regulatory Authority and provide the agency with a daily paper trail, reports the New York Post. The Post notes that there is a 60-day comment period before any SEC rule is finalized. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
March 25, 2015
18:16 EDTBCSSFX Entertainment CEO Sillerman engages Barclays Capital, Jefferies
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09:02 EDTJPMCitizens names Donald McCree as vice chairman, head of commercial banking
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March 24, 2015
07:45 EDTJPMMetLife CEO letter may be early sign of bank earnings headwinds, WSJ says
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March 20, 2015
17:07 EDTCSCredit Suisse files automatic mixed securities shelf
March 19, 2015
15:29 EDTJPMJPMorgan execs 'brace' for potential investment/commercial bank cuts, FBN says
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12:29 EDTJPMJudge dismisses lawsuit over $13B JPMorgan-Justice Dept settlement, Reuters says
A federal judge has dismissed a lawsuit that sought to block a $13B settlement reached between JPMorgan and the U.S. Justice Department over mortgage loans, reports Reuters. Judge Beryl Howell accepted a motion by the Justice Department to dismiss the lawsuit, which argued the non-profit group Better Markets lacked standing to sue. Howell said, "The plaintiff has failed to meet its burden to show it has suffered an injury in fact." Reference Link
11:53 EDTJPMU.S. banks face headwinds in unloading oil loans, WSJ says
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06:06 EDTCSSunrun powers up for IPO later this year, WSJ reports
Sunrun, a solar-energy company, is said to be working with Credit Suisse (CS) and Goldman Sachs (GS) on a potential IPO for later this year, sources tell The Wall Street Journal, which adds that the company was valued at $1.3B as of March 2014. Other solar companies that have gone public in recent years include residential solar installers like Vivint Solar (VSLR), backed by Blackstone (BX), and SolarCity (SCTY), backed by Tesla's (TSLA) Elon Musk. Reference Link

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