New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2013
07:46 EDTMBI, BAC, CSMBIA risks running out of cash within four months, NY Post says
MBIA (MBI) may run out of cash in about four months and if its cash flow problems are not resolved shortly, state regulators will likely step in and seize the unit that insures mortgage securities, according to The New York Post. MBIA, which is involved in suits with Bank of America (BAC), Credit Suisse (CS) and Ally Financial’s ResCap unit, has a goal of collecting $3.6B from claims against the banks. To reach its goal, MBIA would need to collect $3B from BofA, but that bank wants to settle for closer to $1B, the report said, citing a source. Reference Link
News For MBI;BAC;CS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
October 13, 2014
00:04 EDTBACBanking regulators want more disclosure on auto loans, Reuters says
Banking regulators are requesting that banks provide more details on their auto loan portfolios, says Reuters. Balances remaining on auto loans are rising and about a fifth of the loans are subprime, added Reuters. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Capital One (COF), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
October 12, 2014
13:03 EDTBACBanks agree on derivatives procedures for future crisis scenario, WSJ says
Meeting at the Federal Reserve in Washington, top banking executives from 18 large U.S., European and Japanese banks agreed in principle to wait up to 48 hours before seeking to terminate derivatives contracts and collect associated payments from a troubled financial institution, says the Wall Street Journal. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
October 10, 2014
09:13 EDTCSEBA says EU stress test results to be published October 26
Subscribe for More Information
October 9, 2014
16:00 EDTBACOptions Update; October 9, 2014
Subscribe for More Information
08:21 EDTCSGoldman, Credit Suisse invest in digital surveillance start-up, Bloomberg says
A group of banks, led by Goldman Sachs (GS) and Credit Suisse (CS), invested $24M in Digital Reasoning, a data analytics start-up whose CEO, Tim Estes, said the banks want a way to surveil millions of e-mails, instant messages, and transcripts of calls to spot suspicious behavior "when it happens, not in an investigation three years later.” Reference Link
06:45 EDTBACBofA finalizes oil financing agreement with PES, Reuters says
Subscribe for More Information
06:33 EDTBACCitigroup 2015 consensus may be 10% too high, says Deutsche Bank
Deutsche Bank believes the IPO of OneMain, the consumer finance unit within Citi Holdings, and higher expenses create 10% risk to the 2015 consensus estimate of $5.40 for Citigroup. Deutsche says shedding OneMain would lower Citigroup's (C) annual earnings by about 20c. The firm says the bank's Q3 results could top expectations, however, on better than expected currency trading. Deutsche continues to prefer Bank of America (BAC) to Citi, saying its confident consensus estimates for the former are reasonable. It has a Hold rating on Citi and Buy rating on Bank of America.
October 8, 2014
08:34 EDTBACBank of America October volatility increases into Q3 and outlook
Bank of America October call option implied volatility is at 28, November is at 23, January is at 22; compared to its 26-week average of 24 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results on October 15.
07:13 EDTBAC, CSBank dealers agree to revised derivatives rules, FT reports
Subscribe for More Information
October 7, 2014
12:17 EDTMBIMBIA notified of 'huge data leak,' KrebsonSecurity reports
The IT security blog KrebsOnSecurity reported that on Monday it notified MBIA (MBI) that a misconfiguration in a company server exposed customer account numbers, balances and other sensitive data and that the company "quickly disabled" the vulnerable site after being notified about the breach. The blog noted that data from Cutwater Asset Management, a subsidiary slated to be acquired by BNY Mellon (BK), was impacted. Reference Link
09:36 EDTBACActive equity options trading on open
Subscribe for More Information
07:28 EDTBACWells Fargo ups price target ranges for capital markets banks
Subscribe for More Information
06:51 EDTBACJustice Department set to attack more large banks by year end, NY Times says
Subscribe for More Information
06:49 EDTBACBNP seeks assistance from banks as ban approaches, Reuters says
Subscribe for More Information
October 6, 2014
09:37 EDTBACActive equity options trading on open
Subscribe for More Information
08:23 EDTMBIBNY Mellon confirms acquisition of Cutwater Asset from MBIA
Subscribe for More Information
08:21 EDTMBIMBIA agrees to sell Sutwater Holdings to BNY Mellon subsidiary
MBIA (MBI) announced that it has signed an agreement to sell its wholly-owned subsidiary Cutwater Holdings to a subsidiary of BNY Mellon (BK). The company currently conducts its asset management advisory services business through Cutwater. The sale is expected to close at the beginning of the first quarter of 2015, subject to regulatory approval and other customary closing conditions. The transaction is expected to have a positive but immaterial impact on the company’s financial position and results of operations. The company also announced that it received a $220M dividend from its wholly-owned subsidiary National Public Finance Guarantee Corporation on October 3, 2014.
08:00 EDTCSBanks cooperating on corporate bond 'shopping mall,' WSJ says
A group of 12 banks, including Credit Suisse (CS), Goldman Sachs (GS), HSBC (HSBC), JPMorgan (JPM), BNP Paribas (BNPQY), and Societe Generale (SCGLY), are cooperating on a new early-stage initiative, called “Neptune,” that is intended to be a "one-stop destination" for finding buyers and sellers of corporate bonds, said The Wall Street Journal, citing people familiar with the matter, who said no single bank is leading the project. Reference Link
07:29 EDTBACHead of NYDFS reaching out to banks in wake of JPMorgan breach, FT says
Subscribe for More Information
06:27 EDTBACJPMorgan hackers hit about nine other firms, NY Times says
The group of hackers that infiltrated JPMorgan (JPM) also penetrated about nine other financial institutions, according to The New York Times. Washington intelligence officials and policy makers are much more concerned about the attacks than they have disclosed, the newspaper added. Other publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded cybersecurity companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).Reference Link
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