New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For JPM;CS;BCS;LAZ From The Last 14 Days
Check below for free stories on JPM;CS;BCS;LAZ the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | all recent news | >>
July 30, 2014
06:41 EDTBCSBarclays reduced 5K jobs so far in 2014, Reuters says
Barclays has reduced its staff members by 5K so far in 2014 as part of its strategy to streamline the firm and cut areas that are unprofitable, leaving the bank with fewer employees than at any other point since seven years ago, according to Reuters, citing comments from the bank's finance director Tushar Morzaria on the company's Q2 earnings conference call. Reference Link
05:52 EDTBCSBarclays reports 1H adjusted profit GBP 1.76B vs. GBP 2.06B last year
Subscribe for More Information
July 29, 2014
14:18 EDTBCSNY regulator seeks monitors in Deutsche Bank, Barclays, WSJ says
Subscribe for More Information
11:12 EDTJPMJPMorgan reducing tech support headcount, Bloomberg says
Subscribe for More Information
09:57 EDTJPMJPMorgan cutting hundreds of tech support employees, Bloomberg reports
06:58 EDTBCSInvestor sues Barclays regarding 'dark pool' trading, Reuters says
Subscribe for More Information
July 28, 2014
07:01 EDTJPMSankaty to acquire JPMorgan Global Special Opportunities Group portfolio
Sankaty Advisors, LLC, the independently managed credit affiliate of Bain Capital, announced the signing of a definitive agreement to acquire a portfolio of loans and other securities from J.P. Morgan’s Global Special Opportunities Group. The portfolio contains mezzanine loans in North America and Europe, as well as loans and related special situations investments in Australia and across Asia, with an aggregate value of approximately $1.3B. This acquisition follows Sankaty Advisors' other recent purchases of loan portfolios from Irish Bank Resolution Capital, Lloyds Banking Group and CapitalSource. The transaction, which is expected to close by the end of 2014, is subject to borrower and regulatory approvals. Kirkland & Ellis, LLP served as legal counsel to Sankaty Advisors. J.P. Morgan advised on the sale and Davis Polk & Wardwell, LLP served as legal counsel to JPMorgan Chase. This transaction is not expected to have a material impact on JPMorgan Chase’s earnings.
06:55 EDTBCSBarclays may reval GBP30B reduction in "bad bank," London Times reports
Barclays may reveal on Wednesday with its earnings report that it has reduced the size of its "bad bank" by as much as GBP30B, the London Times reports. Barclays previously said it looked to slash the size of the unit to about GBP80B by the end of the year. Reference Link
06:36 EDTJPMJPMorgan to sell debt portfolio to Sankaty for $1B, FT reports
Subscribe for More Information
06:35 EDTJPMJPMorgan questoined by regulators for conclicts of interest, WSJ says
JPMorgan has been recently questioned by regulators about whether the firm steers private-banking clients to its own investment products, reports the Wall Street Journal. According to people familiar with the matter, the questions have prompted JPMorgan to change its disclosures to private-banking clients about the differences between its own products and outside offerings. Reference Link
06:25 EDTJPMJPMorgan implied volatility of 14 at lower end of index mean range
Subscribe for More Information
July 25, 2014
06:40 EDTBCS, CSLoan write down standards changed for non-U.S. banks, NY Times says
A new accounting rule will enable banks outside of the U.S. to write down the value of loans earlier but could cause loans to become less attractive for those banks, according to The New York Times. The rule was issued by the International Accounting Standards Board, whose guidelines are followed in more than 100 countries but not in America, the newspaper stated. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).Reference Link
July 24, 2014
10:46 EDTBCSBarclays files motion to dismiss lawsuit over dark pool, NY Times reports
Barclays filed a motion to dismiss a lawsuit from the NY State attorney general that accused the bank of lying to customers on its private stock market, reports the New York Times. The bank said its customers were sophisticated enough to understand that "glossy marketing brochures" do not reflect its actual composition. Reference Link
07:05 EDTLAZLazard reports Q2 adjusted EPS 64c, consensus 57c
Subscribe for More Information
07:00 EDTJPMJudge dismisses JPMorgan case regarding Madoff scheme, Reuters says
U.S. Federal Judge Paul Crotty made a ruling that dismissed a shareholder's case which claimed JPMorgan board members knew about Bernard Madoff's Ponzi scheme and didn't acknowledge red flags motioning towards fraud, according to Reuters, citing the lawsuit. Reference Link
July 23, 2014
07:23 EDTCSCredit Suisse urged to make deeper job cuts, FT says
Subscribe for More Information
July 22, 2014
19:34 EDTJPMJPMorgan in advanced talks to sell half its stake in buyout arm, WSJ says
Subscribe for More Information
07:31 EDTBCSSenate Homeland Security & Government Affairs Committee to hold a hearing
Subscribe for More Information
07:30 EDTJPMJPMorgan creating new multi-class electronic-trading group, WSJ says
Subscribe for More Information
07:24 EDTCSCredit Suisse down 2.2% after reporting Q2 results
Subscribe for More Information
07:17 EDTCSNational Association for Business Economics to hold a seminar
Subscribe for More Information
07:16 EDTBCSBarclays plunges from 2nd to 12th in U.S. dark pool ranks after suit, FT says
Subscribe for More Information
06:02 EDTCSCredit Suisse says on track to exceed 10% CET1 ratio by year-end
Credit Suisse said it is on track to exceed 10% CET1 ratio by year-end, including continued accrual of cash dividend for 2014.
06:01 EDTCSCredit Suisse to exit commodities trading business
Subscribe for More Information
05:59 EDTCSCredit Suisse reports Q2 net income CHF (700M) vs. CHF 1.05B last year
Subscribe for More Information
July 21, 2014
17:47 EDTCSAstoria Financial to sell non-performing residential mortgages to Credit Suisse
Astoria Financial (AF) announced that the bank had entered into an agreement to sell certain non-performing residential mortgage loans, or NPL, to Credit Suisse (CS) for consideration of approximately $186M. The NPL Sale is expected to close on or about July 31, subject to usual and customary closing conditions. In anticipation of the NPL Sale, such non-performing loans were designated as held-for-sale as of June 30 and were written down from their carrying value of approximately $195M to their estimated fair value of $186M. As a result, the company recorded an $8.7M charge-off and a $5.7M loan loss release in Q2.
13:18 EDTCSCredit Suisse, Fidelity sign agreement to offer great access to IPOs
Fidelity Investments and Credit Suisse Securities announced an agreement that provides Fidelity's brokerage clients the opportunity to participate in initial public offerings and follow-on equity offerings underwritten by Credit Suisse. The agreement expands Credit Suisse's potential investor base to Fidelity's millions of retail brokerage customers, as well as investors who work with advisors through Fidelity's registered investment advisor, correspondent broker/dealer and family office clients. A 2013 Fidelity survey of 2,500 affluent and high-net-worth clients indicated that they had significant interest in IPOs. More than 50% of those surveyed currently buy or are open to investing in IPOs.
10:02 EDTJPMOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:38 EDTJPMActive equity options trading on open
Subscribe for More Information
08:41 EDTJPMJPMorgan upgraded to Outperform from Market Perform at FBR Capital
Subscribe for More Information
08:11 EDTBCSWarnings sounded over Barclays dark pool months before NY AG, WSJ says
Subscribe for More Information
07:50 EDTJPMJPMorgan upgraded to Outperform from Market Perform at FBR Capital
07:29 EDTJPMAIG settlement with BofA takes crisis claw back total up to $2B, FT says
Subscribe for More Information
07:12 EDTJPMCFA Institute to hold a seminar
Subscribe for More Information
06:34 EDTCSJulius Baer CEO sees 'fair, equitable' fix to U.S. investigation, Reuters says
Subscribe for More Information
July 18, 2014
16:47 EDTJPMMarket ends week higher as earnings, M&A offset geopolitical tensions
Subscribe for More Information
13:02 EDTJPMGoldman, JPMorgan ready with $25B bridge loan for Time Warner takeover by Fox
Subscribe for More Information
11:21 EDTBCSBritish antitrust regulator to investigate country's banks, NY Times reports
The U.K.'s antitrust authorities said they expected to open a formal investigation into Britain's retail banking industry, reports the New York Times. The regulators cited barriers to competition that include control of a national network of branches by four large banks that control more than three-quarters of the market. Reference Link
July 17, 2014
16:22 EDTJPMJPMorgan awards CEO Dimon 2M crisis-era stock options
Subscribe for More Information
06:38 EDTCSStudy says UBS largest private bank with assets near $2T, Reuters says
Subscribe for More Information
06:34 EDTCSBlackRock sells $3.7B of UBS securities to Credit Suisse, Bloomberg says
Blackrock (BLK) sold $3.7B of the $22B of securities it purchased six years ago from UBS (UBS) to Credit Suisse (CS) in yesterday’s auction of mostly subprime-mortgage bonds, according to Bloomberg, citing a person with knowledge of the transaction. Reference Link
July 16, 2014
08:25 EDTJPMCNBC / Institutional Investor to host a conference
Subscribe for More Information
07:26 EDTJPMJPMorgan retreats from mortgage lending on foreclosure concerns, Reuters says
JPMorgan is retreating from making home loans to less creditworthy borrowers after losing confidence in its ability to recover much money from home foreclosures, even with government assurance, according to Reuters, citing comments from the CEO of JPMorgan's residential mortgage banking business Kevin Watters. Reference Link
06:59 EDTCSCredit Suisse granted $3.7B RMBS bond bid list, Reuters says
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