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Stock Market & Financial Investment News

News Breaks
November 21, 2012
06:30 EDTRFMorgan Keegan ordered to pay award to former NBA player, WSJ reports
Wall Street's Financial Industry Regulatory Authority ordered Morgan Keegan & Co. (RF) to pay former NBA basketball player Horace Grant the award issued by an arbitration panel by early next month or face suspension, reports the Wall Street Journal. Morgan Keegan, says its license isn't in jeopardy, and has paid Grant $1.59M for losses in its mortgage-backed bond funds but disputes the rate of interest that should apply on the award. Reference Link
News For RF From The Last 14 Days
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May 19, 2015
07:13 EDTRFBarclays to hold a conference
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May 15, 2015
16:28 EDTRFAppaloosa Management gives quarterly update on stakes
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May 12, 2015
18:12 EDTRFSenate proposes to ease 'systemically important' bank designation, FT says
Senate bank committee chairman Richard Shelby has introduced legislation that would increase the "systemically important bank" threshold from $50B to $500B, reports the Financial Times, citing draft legislation. The report notes that SunTrust (STI), Regions Financial (RF), Citizens Financial (CFG), Fifth Third (FITB), and Huntington Bancshares (HBAN) may benefit from the change if the bill passes. Some bankers believe the potential change could lead to renewed interest in mergers within the sector, adds the Financial Times. Reference Link

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