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Stock Market & Financial Investment News

News Breaks
February 4, 2013
10:51 EDTSCGLY, KT, C, VIVHY, CSKT Corp hires Citi, Credit Suisse to advise on bid for Maroc stake, Reuters says
KT Corp (KT) has hired Citigroup (C), Credit Suisse (CS) and Societe Generale (SCGLY) to advise on its potential bid for Vivendi's (VIVHY) 53% stake in Maroc Telecom, Reuters reports, citing two sources. The stake may be worth about EUR5.5B. Reference Link
News For KT;CS;C;SCGLY;VIVHY From The Last 14 Days
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May 16, 2013
12:32 EDTCSEU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link
08:33 EDTCBofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am.
07:18 EDTCInvestors bet on banks hit by credit crisis, Bloomberg reports
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06:41 EDTCBig banks to benefit from U.S. concession on derivatives, NY Times says
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May 15, 2013
17:03 EDTCSoros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF).
16:02 EDTCOptions Update; May 15, 2013
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15:32 EDTCCitigroup April net charge-offs 3.11% vs. 3.19% last month
Citigroup April delinquencies 2.1% vs. 2.17% last month
12:12 EDTVIVHYActivision Blizzard halted share buying talks with Vivendi, Bloomberg reports
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11:48 EDTCAppaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M.
07:51 EDTSCGLYSociete Generale's Russian CEO detained, Reuters reports
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06:35 EDTVIVHYWarner Music receives EU approval for Parlophone acquisition, Reuters says
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May 14, 2013
18:28 EDTCCiti announces sale of Credicard to Banco Itaú Unibanco
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16:00 EDTCOptions Update; May 14, 2013
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15:19 EDTVIVHYVivendi weighing options for Activision stake, WSJ reports
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12:45 EDTVIVHYVivendi reports Q1 adjusted EPS EU0.51 vs. EU0.64 a year ago
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08:33 EDTCCFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link
08:18 EDTCDavid Tepper says Citigroup position 'more than twice' Apple stake
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08:10 EDTCDavid Tepper says biggest position remains Citigroup
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08:10 EDTCDavid Tepper says biggest position remains Citigroup
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May 13, 2013
15:04 EDTCFed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added.
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