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Stock Market & Financial Investment News

News Breaks
November 19, 2012
07:35 EDTUSB, HBAN, TD, PNC, FITB, RBS, KEY, MTBRBS under pressure to sell CItizens, Reuters reports
Royal Bank of Scotland (RBS) is coming under pressure from the U.K. government to put its US Citizens business up for sale, according to Reuters. The unit could be worth around $8.8B-$13.6B, but the publication adds that a sale is not likely to happen for a year or two. TD Bank (TD), M&T Bank (MTB), Fifth-Third (FITB), Huntington (HBAN) or KeyCorp (KEY) could be interest in parts of the network, Credit Suisse analysts have said. Bankers say PNC (PNC) and U.S. Bancorp (USB) could also take a look. Reference Link
News For RBS;TD;MTB;FITB;HBAN;KEY;PNC;USB From The Last 14 Days
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August 3, 2015
11:50 EDTRBSU.K. government to sell about 5.2% stake in Royal Bank of Scotland
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09:12 EDTRBSU.K. government may start RBS sell-off in next two weeks, Daily Mail reports
The U.K. government might start the sell-off of its 79% stake in RBS (RBS) within the next two weeks, the Daily Mail reports, citing "press reports." Tentative plans were drawn up by U.K. Financial Investments for the sale of a GBP2B holding in RBS, the report says. The move follows the government reducing its stake in Lloyds (LYG) by 1% last week, taking the taxpayer's holding down to just under 14%, the report says. Reference Link
August 2, 2015
18:55 EDTRBSU.K. may start selling RBS stake Monday, Sunday Times says
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July 31, 2015
11:00 EDTUSBU.S. Bancorp, Zions sign renewable-energy tax-equity syndication
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06:40 EDTUSBU.S. banks prepared to take advantage of Euro lenders' cautions, WSJ says
U.S. banks are preparing to advance in the sector after reporting earnings, with executives touting the gloom coming from their European counterparts as a major opportunity to capitalize on their newfound advantage, the Wall Street Journal reports. On Thursday, Deutsche Bank (DB) CEO John Cryan said that the company must "shrink" its balance sheet, while Barclays (BCS) chairman John McFarlane said that Wall Street lenders are "an enormous threat" to Euro investment banks, the report says. On the other hand, Morgan Stanley (MS) chairman James Gorman said after reporting earnings last week that the company is poised to advanced in the debt trading sector, and that "there's a potential for, over a period of time, share gain for our business," the report says. In addition, Goldman Sachs finance chief Harvey Schwartz said that the company is "seeing potential big restructuring on the European side," the report adds. Publicly traded companies in the European 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). Publicly traded companies in the U.S. space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
July 30, 2015
06:53 EDTRBSRBS reports 1H operating profit GBP5629M vs. GBP2.87B last year
Reports 1H operating profit before tax GBP293M, which includes GBP1.05B of restructuring costs. Reports CET1 12.3% and Tier 1 12.3%.
July 29, 2015
10:03 EDTTDTD Bank announces routing agreement with MasterCard
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July 28, 2015
08:22 EDTKEYKeyCorp publishes "company run" Dodd-Frank Act Mid-Cycle Stress Test Results
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July 27, 2015
16:22 EDTFITBFifth Third releases results of 2015 Dodd-Frank Stress Test
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10:44 EDTUSBU.S. Bancorp, Chrome River sign strategic agreement
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10:44 EDTUSBU.S. Bank forms strategic channel partnership with Adelman Travel
U.S. Bank is entering into a strategic alliance with global travel management services provider Adelman Travel, through which Adelman will offer U.S. Bank’s suite of corporate payment products, including its virtual payment technology, to corporate payment clients. Under the agreement, U.S. Bank’s global payment tools will be integrated with Adelman’s booking and back-office solutions. As part of the agreement, U.S. Bank’s virtual payment solution will be made available to joint clients with no additional fees.
July 23, 2015
10:25 EDTHBANHuntington Bancshares says it expects to grow revenue despite pressure
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09:23 EDTHBANHuntington Bancshares expects to deliver positive operating leverage in FY15
Excluding Significant Items and net MSR activity, says expects to deliver positive operating leverage in FY15, both inclusive and exclusive of the impact of HTF. Overall, says asset quality metrics are expected to remain near current levels, although moderate quarterly volatility also is expected. Comments from slides that will be presented on the Q2 earnings conference call.
07:45 EDTHBANHuntington Bancshares releases results of 2015 Dodd-Frank Stress Test
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06:58 EDTHBANHuntington Bancshares reports Q2 EPS 23c, consensus 21c
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July 22, 2015
18:18 EDTRBSRBS hires advisers to investigate treatment of small businesses, Reuters says
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15:26 EDTHBANNotable companies reporting before tomorrow's open
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10:01 EDTFITBOn The Fly: Analyst Downgrade Summary
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09:35 EDTFITBFifth Third downgraded to Neutral from Buy at Citi
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