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Stock Market & Financial Investment News

News Breaks
February 24, 2014
09:01 EDTMS, TLPTransmontaigne Partners enters into terminaling services agreement
TransMontaigne Partners L.P. (TLP) announced that its wholly owned subsidiary, TransMontaigne Operating Company L.P., has entered into a terminaling services agreement with an unrelated third-party effective June 1, 2014 relating to the receipt, storage and delivery of marine fuels using tanks with an aggregate capacity of approximately 1.35 million barrels at its Port Everglades and Fisher Island terminals. The tanks related to this new agreement, known as the Florida bunker tanks, were previously used by Morgan Stanley Capital Group under the Florida-Midwest Terminaling Services Agreement between TLP and Morgan Stanley (MS). The new agreement has an initial term of 2 years with options to renew thereafter. “We are pleased to complete this fee-based transaction with a high quality customer,” stated Chuck Dunlap, CEO of TLP. Morgan Stanley has been working with TLP over the last year to ensure a smooth transition to a new customer for this portion of the Florida bunker tanks. As previously disclosed, the existing agreement with Morgan Stanley for the Florida bunker tanks at these facilities, as well as at TLP’s Cape Canaveral and Port Manatee facilities, will terminate effective May 31, 2014. TLP’s management expects that the new agreement will generate slightly less revenue related to the Florida bunker tanks at Fisher Island and Port Everglades than the Morgan Stanley agreement generates with respect to those tanks. TLP is continuing to market the Florida bunker tanks at its Cape Canaveral and Port Manatee terminals.
News For TLP;MS From The Last 14 Days
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February 26, 2015
15:02 EDTMSFed extends capital surcharge for SiFi banks comment period to April 3
The Federal Reserve extended until April 3 the comment period for its proposed rule to implement capital surcharges for the largest, most systemically important U.S. bank holding companies. The Fed extended the comment period to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by March 2. The proposed rule would establish a methodology to identify whether a firm is a global systemically important banking organization and would also establish the size of a firm's risk-based capital surcharge. The proposal is designed to further strengthen the capital positions of these institutions. Large U.S. banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
10:50 EDTMSNew York regulator considering cybersecurity, cash laundering controls, WSJ says
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February 25, 2015
17:40 EDTMSMorgan Stanley agrees to $2.6B mortgage settlement with U.S.
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17:37 EDTMSMorgan Stanley agrees to $2.6B mortgage settlement with U.S.
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09:01 EDTMSMorgan Stanley says Apple Pay available for Wealth Management clients
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08:28 EDTMSMorgan Stanley reportedly near deal for Montreal cargo facility, Bloomberg says
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February 24, 2015
07:21 EDTMSSecurities Industry & Financial Markets Association to hold a conference
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February 23, 2015
13:33 EDTMSRBS could name Howard Davies as chairman this week, FT reports
Royal Bank of Scotland (RBS) could name Howard Davies as its chairman as early as Thursday, when the bank reports its full-year results, the Financial Times reports. Davies is currently chairman of insurance business Phoenix Group and chairs Morgan Stanley's (MS) risk committee. Current RBS Chairman Philip Hampton is set to become GlaxoSmithKline's (GSK) chairman as early as this summer. Reference Link
February 19, 2015
06:47 EDTMSReport shows subprime consumer loans at pre-2007 levels, WSJ says
Equifax (EFX) has released a report stating nearly 40%, or 50M, of auto loans, credit cards, and personal loans during the first 11 months of 2014 were made to subprime customers, the highest levels since the 2007 financial crisis, reports the Wall Street Journal. LendingTree (TREE) Chief Marketing Officer Gabriel Dalporto attributes the growth to nonbank lenders under less regulatory scrutiny than large banks. Publicly traded companies in the 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
06:28 EDTMSAuthorities investigating possible hack in Morgan Stanley leak, WSJ says
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February 18, 2015
07:21 EDTMSJPMorgan, Citi top government report of riskiest banks, Reuters reports
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