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Stock Market & Financial Investment News

News Breaks
February 4, 2013
10:51 EDTVIVHY, CS, SCGLY, KT, CKT 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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March 20, 2015
16:00 EDTCOptions Update; March 20, 2015
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March 19, 2015
16:01 EDTCOptions Update; March 19, 2015
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11:53 EDTCU.S. banks face headwinds in unloading oil loans, WSJ says
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09:06 EDTCCiti Retail Services extends long term consumer relationship with Office Depot
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07:15 EDTCCiti CEO tells shareholders 2015 targets 'within reach,' Reuters reports
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06:06 EDTCCiti files lawsuit over Swiss franc surge, Reuters 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
March 18, 2015
13:56 EDTCArgentina to bar Citi from exiting custody business, Reuters says
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March 17, 2015
16:00 EDTCOptions Update; March 17, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 27.30. Option volume leaders: AAPL RIG MGM HTZ TWTR TSLA CY KO NFLX C according to Track Data.
14:37 EDTCCiti, Barclays near $800M settelement of forex suit, WSJ says
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13:40 EDTCSAmended settlement agreement announced between Credit Suisse, Freeport
On March 16, an Addendum to the Stipulation and Agreement of Settlement, Compromise and Release was entered into with respect to the consolidated stockholder derivative litigation captioned In Re: Freeport-McMoRan Copper & Gold (FCX) Derivative Litigation, C.A. No. 8145-VCN. The Addendum modifies the terms of the settlement in order to resolve potential derivative claims against Credit Suisse Securities (CS) in connection with its engagement to act as lead financial advisor to the Special Committee of the Board of Directors of Freeport-McMoRan with respect to the company’s 2013 acquisitions of Plains Exploration & Production Company and McMoRan Exploration Co., which potential claims were previously excluded from the settlement as set forth in the Stipulation and Agreement of Settlement, Compromise and Release filed on January 15. As set forth in the Addendum, the original settlement consideration will be increased by $16.25M, consisting of a $10M cash payment to the company by Credit Suisse, and a credit of $6.25M to be redeemable by the company in connection with future assignments Credit Suisse performs. The Supplemental Cash Amount, together with the original settlement amount, less plaintiffs’ attorneys’ fees and expenses as awarded by the Court of Chancery of the State of Delaware, will be distributed to the company’s stockholders as a special dividend. The settlement is subject to specified conditions, including final approval by the Court of Chancery of the State of Delaware. The settling defendants and Credit Suisse vigorously deny all allegations of wrongdoing or fault but entered into the settlement to avoid the costs and distraction of continued litigation.
12:26 EDTCCitibank to exit custody business in Argentina following ruling, WSJ reports
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10:00 EDTCSOn The Fly: Analyst Downgrade Summary
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07:15 EDTCCiti price target raised on positive news flow at Deutsche Bank
Deutsche Bank raised its price target for Citi (C) shares to $56 from $54 citing recent positive news flow around the sale of OneMain, the credit card deal with Costco (COST) and last week's stress test results. Deutsche notes the stock still trades at a 6% discount to tangible book. It keeps a Buy rating on Citi.
06:30 EDTCSCredit Suisse downgraded to Underperform from Neutral at Macquarie
Macquarie downgraded Credit Suisse to Underperform following recent share strength.
March 16, 2015
17:07 EDTCSCredit Suisse to pay Freeport McMoRan $10M to settle allegations, WSJ says
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16:00 EDTCOptions Update; March 16, 2015
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14:09 EDTCCiti reports February credit loss 2.55% vs. 2.30% last month
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14:08 EDTCSEU regulator says time for fine-tuning, Reuters says
The Basel Committee on Banking Supervision believes the necessary bank regulatory framework is in place though some additional work must be done to finalize leverage ratio and capital floor rules, Reuters reported yesterday, citing statements by secretary-general William Coen at a financial conference in Doha. Coen added, "We're now at the state where we can take a step back and look to see how [the regulations] fit together," cautioning that further analysis must be data-driven but admitting that both banks and regulatory bodies were feeling "regulation fatigue." Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
March 15, 2015
17:46 EDTCSCredit Suisse has no plans to raise capital, Reuters says
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