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Stock Market & Financial Investment News

News Breaks
December 5, 2012
09:39 EDTRFRegions Financial entered into agreement with third party investor on Nov. 30
In an 8K filing, Regions said it entered into an agreement with a third party investor in Regions Asset Management Company on November 30, pursuant to which the investment was fully redeemed. This resulted in extinguishing a $203M liability, including accrued, unpaid interest, as well as incurring early termination costs of approximately $42M on a pre-tax basis. This will result in approximately $38M in after tax expense for the fourth quarter.Excluding the early termination costs, during 2012 Regions incurred approximately $28M of non-interest expenses related to this liability. Approximately $13M in non-interest expense occurred during the first quarter of the year and approximately $15M occurred from January through November, the latter of which was not deductible for income tax purposes. These costs will no longer recur.
News For RF From The Last 14 Days
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October 22, 2014
10:09 EDTRFOn The Fly: Analyst Downgrade Summary
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06:39 EDTRFRegions Financial downgraded to Outperform from Strong Buy at Raymond James
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October 21, 2014
06:02 EDTRFRegions Financial reports Q3 EPS 22c, consensus 21c
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October 20, 2014
15:36 EDTRFNotable companies reporting before tomorrow's open
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October 9, 2014
06:40 EDTRFSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space 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
06:39 EDTRFFidelity attacked by JPMorgan hackers, but no data stolen, FT reports
Fidelity Investments was among 13 financial institutions attacked by hackers who are believed to have been responsible for a breach at JPMorgan Chase, but there is no indication that Fidelity customer data were stolen, the Financial Times reports, citing two sources. Reference Link
06:37 EDTRFJPMorgan hackers linked to 13 other possible breaches, Bloomberg says
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October 8, 2014
18:26 EDTRFCitigroup, Etrade, others attacked by same JPMorgan hackers, Bloomberg reports
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