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Stock Market & Financial Investment News

News Breaks
June 23, 2014
06:13 EDTSAN, GESantander to acquire GE Money Bank AB for approximately EUR700M
Santander Consumer Finance, S.A. (SAN) and GE Money Nordic Holding AB (GE) have signed a definitive agreement by which Banco Santanderís consumer finance unit will buy GE Capitalís business in Sweden, Denmark and Norway. The purchase price of the transaction, which is subject to relevant regulatory approvals, amounts to approximately EUR700M after a pre-closing dividend to remove excess capital. Under the terms of the agreement, Santander will assume GE Money Bankís intragroup funding. The deal, which is expected to close in the second half of 2014, will have an impact of 8 basis points in Grupo Santanderís core capital.
News For SAN;GE From The Last 14 Days
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October 30, 2014
17:16 EDTGEFlorida East Coast Railway acquires 24 new General Electric locomotives
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06:31 EDTGEGE in talks to sell stakes in South Korean finance JVs, WSJ reports
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06:29 EDTGEDHS says spies targeted control systems made by Siemens, GE, WSJ reports
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October 29, 2014
06:39 EDTSANECB says loan demand expected to rise, Reuters reports
Demand for loans from euro zone banks is expected to rise sharply this quarter, the European Central Bank stated in a report, according to Reuters. Meanwhile, the bloc's banks are expected to ease credit standards in Q4, after credit standards in France and Germany eased in Q3, the news service quoted the ECB as saying. Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
October 27, 2014
07:38 EDTGECyber security start-ups hot with investors, including banks, FT says
Corporate venture arms have more than doubled their investment in cyber security start-ups over the last two years, according to Financial Times, citing data from CB Insights. While technology companies such as Google (GOOG), Intel (INTC) and Cisco (CSCO) are leading, the report notes that the venture capital units of Citibank (C), Wells Fargo (WFC) and General Electric (GE) have also been active investors in security start-ups. Reference Link
07:30 EDTGEInternational Economic Forum of the Americas to hold a forum
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October 26, 2014
17:32 EDTSANEuropean banks may gain after ECB stress tests, Bloomberg says
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13:27 EDTSANECB releases results of bank stress test
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October 24, 2014
08:44 EDTSANECB draft shows 25 EU banks set to fail stress test, Bloomberg says
Bloomberg cites a draft ECB document the news service has viewed. Publicly traded EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).
06:38 EDTGEEU sets emissions, renewable energy targets, NY Times says
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October 22, 2014
08:39 EDTGESiemens sees catching up with rivals on sales growth in 2018, Reuters reports
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October 21, 2014
08:18 EDTSANBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
October 20, 2014
14:02 EDTGEGeneral Electric wins avionics, power systems for Gulfstream's G500/G600
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08:10 EDTGEGE Capital unit provides $45M credit facility to Bennett Hospitality
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08:09 EDTGEGE Capital is administrative agent on $50M financing for Bird Electric
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07:28 EDTGEGeneral Electric recent weakness a buying opportunity, says Argus
Argus said General Electric's price weakness offers a buying opportunity given strong new order trends, growing backlog of booked business, and reduced exposure to the financial services industry. Shares are Buy rated with a $31 price target.
05:38 EDTGEAres Management, GE Capital announce EUR 1B in commitments through ESSLP JV
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