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News Breaks | | | | March 18, 2013 | | 07:42 EDT |  | LNC, XL, BK, AAWW, ACGL, TW, UNM, BCS, DB | Barclays to host a forum Barclays Select Series 2013: Insurance Forum is being held in New York on March 18. | |
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News For LNC;XL;BK;AAWW;ACGL;TW;UNM;BCS;DB From The Last 14 Days Check below for free stories on LNC;XL;BK;AAWW;ACGL;TW;UNM;BCS;DB the last two weeks. |
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| May 20, 2013 | | 07:50 EDT |  | BCS | Gulf wealth funds raise private equity investments, Reuters reports Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link | | | May 16, 2013 | | 12:32 EDT |  | DB, BCS | EU 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 | | | 10:03 EDT |  | UNM | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 08:39 EDT |  | DB | Hartford Financial hires Deutsche to find buyer for Japan unit, Bloomberg says Hartford Financial Services (HIG) engaged Deutsche Bank (DB) to seek a buyer for its Japanese annuity unit, according to Bloomberg, citing people with knowledge of the matter. Reference Link | | | 08:33 EDT |  | XL | BofA/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. | | | 06:35 EDT |  | LNC | Lincoln National downgraded to Underperform from Neutral at Credit Suisse
Subscribe for More Information | | | 06:34 EDT |  | UNM | Unum Group downgraded to Underperform from Neutral at Credit Suisse
Subscribe for More Information | | | May 15, 2013 | | 17:36 EDT |  | XL | Paulson gives quarterly update on stakes
Subscribe for More Information | | | 16:55 EDT |  | BK | Berkshire Hathaway gives quarterly update on stakes
Subscribe for More Information | | | May 14, 2013 | | 05:44 EDT |  | DB, BCS | Banks work deals from both sides of the field, WSJ reports
Subscribe for More Information | | | | May 13, 2013 | | 18:06 EDT |  | BCS | Barclays gets shareholder lawsuit over Libor thrown out, Reuters says
Subscribe for More Information | | | 06:49 EDT |  | BCS, DB | ECB member says negative deposit rates would help economy, Reuters says
Subscribe for More Information | | | 06:12 EDT |  | BK | BNY Mellon appeals ruling on Chesapeake’s early $1.3B bond call, Bloomberg says Bank of New York Mellon (BK) is appealing a ruling allowing Chesapeake Energy (CHK) to proceed today with redeeming $1.3B in bonds six years early at 100 cents on the dollar, reports Bloomberg. A notice of the appeal was filed May 11 in federal court in Manhattan.Reference Link | | | May 9, 2013 | | 07:12 EDT |  | DB | Citigroup closing in on Deutsche Bank in Asian currency trade, Bloomberg reports
Subscribe for More Information | | | 06:10 EDT |  | DB | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 8, 2013 | | 14:09 EDT |  | BK | Chesapeake confirms favorable ruling in bond litigation Chesapeake Energy (CHK) announced that the United States District Court for the Southern District of New York has ruled in Chesapeake’s favor, enabling the company to redeem its $1.3B of 6.775% Senior Notes due 2019 at par pursuant to the Special Early Redemption provision of the Notes. The company initiated its legal action on March 8, against the trustee for the Notes, The Bank of New York Mellon (BK). Chesapeake said will proceed with its Special Early Redemption of the Notes, with payment expected to be made on May 13, adding, “We are pleased that the Court has ruled in Chesapeake’s favor. We expect the refinancing of the Notes to save the Company more than $100M in interest payments.” | | | 12:48 EDT |  | BK | Chesapeake wins bond suit against BNY Mellon, Reuters reports
Subscribe for More Information | | | May 7, 2013 | | 12:38 EDT |  | BCS | Citigroup sues Barclays over Lehman losses, Reuters says
Subscribe for More Information | | | 10:20 EDT |  | DB | Banks accused of restraining swaps market competition, Bloomberg says A sheet metal workers union in Cleveland claimed in federal court that Goldman Sachs Group (GS), Citigroup (C) and 10 other banks have restrained market competition" for credit default swaps, violating U.S antitrust law, says Bloomberg. Other banks named in the complaint include Bank of America (BAC), Deutsche Bank (DB), and UBS (UBS), added Bloomberg. Reference Link | | | 06:05 EDT |  | TW | Towers Watson sees Q4 EPS $1.23-$1.28, consensus $1.27
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