News Breaks |
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| March 5, 2013 |
| 08:54 EDT |  | NCT, FIG, HBC | Newcastle acquires interest in consumer loan portfolio from HSBC
Newcastle Investment Corp. (NCT) announced that it has signed a definitive agreement to acquire up to 50% of a $4.2B unpaid principal balance portfolio of consumer loans from HSBC Finance Corporation (HBC. Newcastle intends to co-invest alongside Springleaf Finance, a Fortress (FIG) affiliate, who will also be responsible for servicing the loans. The total investment amount, based on UPB as of December 31, 2012, is approximately $3.2B. Newcastle expects to acquire up to a 50% interest in the portfolio and Springleaf, a leading national consumer finance company, will service the loans and purchase up to 50% of the loan balance pro rata alongside Newcastle. The consumer loan portfolio consists of over 400,000 personal homeowner loans and personal unsecured loans originated mainly through HSBC's Finance Corporation. The investment is expected to close in the second quarter of 2013, subject to closing conditions. |
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News For NCT;HBC;FIG From The Last 14 Days Check below for free stories on NCT;HBC;FIG the last two weeks. |
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| May 24, 2013 |
| 07:28 EDT |  | HBC | HSBC's Flint: Speed up banking reform, Reuters reports
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| May 23, 2013 |
| 08:31 EDT | | FIG | New Residential Announces new MSR co-investment with Nationstar
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| May 22, 2013 |
| 10:00 EDT |  | NCT | On The Fly: Analyst Downgrade Summary
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| 08:12 EDT |  | HBC | HSBC shares likely to advance further, says Bernstein
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| 05:42 EDT | | NCT | Newcastle downgraded to Market Perform from Outperform at Keefe Bruyette
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| May 21, 2013 |
| 12:47 EDT |  | NCT | Options with increasing implied volatility: UNXL NCT LYV HBAN HNZ
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| May 20, 2013 |
| 13:29 EDT | | NCT | Options with increasing implied volatility: UNXL NCT LYV CPRT S
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| 08:12 EDT | | HBC | UBS names Sylvia Coutinho as CEO of UBS Group Brazil
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| May 17, 2013 |
| 12:28 EDT | | NCT | Options with increasing implied volatility: SCTY AEGR NCT LYV
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| 10:07 EDT | | HBC | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Neutral from Buy at SunTrust... Aruba Networks (ARUN) downgraded to Perform from Outperform at Oppenheimer... CAE (CAE) downgraded to Sector Perform from Outperform at RBC Capital... City Holding (CHCO) downgraded to Market Perform from Outperform at Keefe Bruyette... Deere (DE) downgraded to Sell from Neutral at Goldman... Disney (DIS) downgraded to Neutral from Overweight at Atlantic Equities... HSBC (HBC) downgraded to Neutral from Outperform at Exane BNP Paribas... L Brands (LTD) downgraded to Underperform from Hold at Jefferies... Manning & Napier (MN) downgraded to Underperform from Neutral at BofA/Merrill... MeadWestvaco (MWV) downgraded to Underperform from Sector Perform at RBC Capital... National Grid (NGG) downgraded to Neutral from Outperform at Exane BNP Paribas... Savient (SVNT) downgraded to Market Perform from Outperform at William Blair... Stryker (SYK) downgraded to Reduce from Neutral at SunTrust... TRW Automotive (TRW) downgraded to Hold from Buy at Deutsche Bank... Universal Health (UHS) downgraded to Neutral from Positive at Susquehanna... Williams-Sonoma (WSM) downgraded to Neutral from Buy at BofA/Merrill... Zimmer (ZMH) downgraded to Reduce from Neutral at SunTrust... Aviva (AV) downgraded to Underperform from Sector Perform at RBC Capital... Pandora (P) downgraded to Hold from Buy at Maxim... Lumos Networks (LMOS) downgraded to Neutral from Buy at DA Davidson... Brocade (BRCD) downgraded to Underperform from Market Perform at William Blair... Applied Materials (AMAT) downgraded to Neutral from Buy at DA Davidson... Cosi (COSI) downgraded to Market Perform from Outperform at Northland Securities. |
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| 05:23 EDT | | HBC | HSBC downgraded to Neutral from Outperform at Exane BNP Paribas
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| May 16, 2013 |
| 12:00 EDT |  | NCT | Newcastle Investment falls 54.3%
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| 10:00 EDT | | NCT | Newcastle Investment falls 54.2%
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| 09:00 EDT | | NCT | Newcastle Investment falls 52.7%
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| 07:58 EDT | | NCT | New Residential to begin trading on NYSE today
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| May 15, 2013 |
| 12:03 EDT | | HBC | HSBC downgraded to Hold from Buy at Deutsche Bank
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| 06:15 EDT | | HBC | HSBC to cut 14,000 jobs, save $3B, Bloomberg reports
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| May 14, 2013 |
| 13:53 EDT | | HBC | HSBC subsidiary confirms review of Monaco operations
In a regulatory filing, HSBC Private Banking Holdings, a wholly owned subsidiary of HSBC Holdings, confirmed that it is conducting a review of its operations in Monaco, HSBC Private Bank Monaco, as part of the HSBC Group's continuing strategic five-filter review. Following recent unsolicited expressions of interest, this may lead to the possible disposal of the business. Further announcements will be made if or when necessary. |
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| May 13, 2013 |
| 06:05 EDT | | HBC | HSBC CEO Gulliver simplifies the bank, focused on growth, Reuters reports
HSBC's sale of a stake in a Korean insurer last month was made with little fanfare, just one of 52 deals struck or businesses closed in the last two years by CEO Stuart Gulliver, and analysts are expecting more, reports Reuters. This week, he's expected to say he can find at least $1B more in cost savings, cut more jobs and businesses and dangle the prospect of higher dividends for investors. Reference Link |
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