New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 25, 2014
15:02 EDTJWN, COF, TD, C, JPMNordstrom measures banks' interest in credit card unit, Bloomberg says
Nordstrom (JWN), who said on May 15 it was working with advisers to find a “financial partner” for its credit card business in the next 12 to 18 months, has approached Capital One Financial (COF), Toronto-Dominion Bank (TD), Citigroup (C) and JPMorgan (JPM). according to a Bloomberg report from Friday afternoon. Reference Link
News For JWN;COF;TD;C;JPM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
September 24, 2014
15:04 EDTC, JPMGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
Subscribe for More Information
09:34 EDTCActive equity options trading on open
Subscribe for More Information
September 23, 2014
16:00 EDTCOptions Update; September 23, 2014
Subscribe for More Information
10:33 EDTJPMWebster Financial to acquire HSA business from JPMorgan
Webster Financial (WBS), the holding company for Webster Bank, N.A., said that it had signed a definitive agreement to acquire the health savings account, or HSA, business from JPMorgan Chase Bank, N.A., a subsidiary of JPMorgan Chase (JPM). Under the agreement, approximately 700,000 accounts, including an estimated $1.3B in deposits and $175M in investments, will migrate from JPMorgan Chase Bank to HSA Bank, a division of Webster Bank, over a transitional period. In the near term, Webster will use approximately 60% of the deposits to pay down short-term borrowings with the remaining funds invested in securities. Transaction consideration will be all cash; the purchase price was not disclosed. Webster expects the transaction to be modestly accretive to earnings per share and return on equity in the first year following closing. The transaction is expected to improve Webster's loan-to-deposit ratio to approximately 80% from 87% pro forma at June 30. The company estimates the transaction will have tangible book value dilution of approximately 3%. JPMorgan Chase has advised Webster that the transaction is not expected to have a material impact on JPMorgan Chase's earnings.
07:33 EDTCCitigroup threatened by Argentina over bond payments, Reuters reports
Argentine Economy Minister Axel Kicillof threatened Citigroup with "penalties" if the bank failed to make a $5M interest payment due to bondholders by Sept. 30 and the bank plans to ask a U.S. judge to stay an order barring it from processing payments on $8.4B in bonds issued after the country's 2002 default, reported Reuters. Reference Link
September 22, 2014
16:00 EDTCOptions Update; September 22, 2014
iPath S&P 500 VIX Short-Term Futures up 91c to 28.14. Option volume leaders: AAPL TSLA NFLX C TWTR AMZN BP PBR CLF WLT according to Track Data.
09:38 EDTCActive equity options trading on open
Subscribe for More Information
06:11 EDTJPMEMC explores merger, holds talks with HP, Dell, WSJ reports
Subscribe for More Information
September 20, 2014
21:15 EDTCCitigroup and Argentina's appeal on bond case dismissed, Reuters says
Subscribe for More Information
September 19, 2014
11:14 EDTCSumitomo Mitsui, Mitsubishi UFJ on short list for Citigroup unit, WSJ reports
Sumitomo Mitsui Financial Group (SMFG), Sumitomo Mitsui Trust Holding, Mitsubishi UFJ Financial (MTU) and Shinsei Bank have been shortlisted by Citigroup (C) as buyers for the U.S. bank's retail bank in Japan, the Wall Street Journal reports, citing sources. Citi could pick a buyer for the unit by the end of the year or early next year. Citigroup could sell its Diners Club branded credit card unit in Japan along with the retail bank, a source says. Reference Link
09:37 EDTCActive equity options trading on open
Subscribe for More Information
07:17 EDTCCitigroup up against hard situation in Argentina bond plea, Reuters says
Subscribe for More Information
September 18, 2014
14:31 EDTCOFCapital One said to bump Amex as Costco Canada card issuer, Bloomberg says
Subscribe for More Information
14:14 EDTCOFCapital One said to replace American Express as Costco Canada card issuer
MasterCard said to be processor for new Costco Canada cards. Reported by Bloomberg.
14:08 EDTC, JPMBanks look to high-interest personal loans to boost revenue, WSJ says
Subscribe for More Information
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
Subscribe for More Information
13:16 EDTC, JPMHolder says DOJ looking to charge bank executives, Washington Post says
Subscribe for More Information
07:37 EDTJPMMorningstar to hold a conference
Subscribe for More Information
06:54 EDTJPM, TDNY Attorney General announces NYC bank identity-theft ring takedown
Subscribe for More Information
1 | 2 | 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