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Stock Market & Financial Investment News

News For JPM;CS;BCS;LAZ From The Last 14 Days
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September 18, 2014
05:31 EDTJPMVisa to undertake assessment of stake in Monitise
Visa (V) and Monitise entered into an alliance agreement in 2009. At the same time, Visa began investing in Monitise. Given the maturation of Monitise as a company, Visa is considering its options with respect to the investment and has engaged J.P. Morgan Securities (JPM) to assist. Visa will also be lessening its dependence on external mobile development resources. In 2009, in conjunction with its commercial partnership, Visa invested in Monitise as a 14.4% owner of the company in order to provide capital support to a leader in the evolution of the mobile payments sector. Over time, Visa’s holdings have been reduced to its current 5.5% stake in the company. This reduction in ownership and associated influence is consistent with Visa’s investment practice to seed emerging players and, over time, taper that influence as the partner company grows. Under their agreement, Monitise will provide Visa with mobile platform development services through 2016. As both Visa and the payments industry evolve at a rapid pace, Visa intends to continue increasing its investment in its own in-house capabilities and, as a result, reducing its use of external resources.
September 17, 2014
13:51 EDTJPMJPMorgan to replace some credit cards following Home Depot breach, Reuters says
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13:45 EDTCSJulius Baer has not had talks about a sale with Credit Suisse, Bloomberg reports
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13:16 EDTJPMHolder says DOJ looking to charge bank executives, Washington Post says
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07:43 EDTBCSBarclays, NY AG spar over fraud allegations, Reuters reports
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07:37 EDTJPMMorningstar to hold a conference
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07:36 EDTLAZWolfe Research to hold a conference
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06:54 EDTJPMNY Attorney General announces NYC bank identity-theft ring takedown
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06:16 EDTCSCredit Suisse under fire from regulators over leveraged lending, WSJ says
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