New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 12, 2013
06:23 EDTUBS, AIGUBS fined GBP9.45M for failings in sale of an AIG fund
The Financial Services Authority has fined UBS AG (UBS) for failures in the sale of the AIG Enhanced Variable Rate Fund (AIG). These failures led to UBS customers being exposed to an unacceptable risk of an unsuitable sale of the Fund. UBS also failed to deal properly with complaints from customers about sales of the Fund. UBS agreed to settle at an early stage entitling it to a 30% discount on its fine. Were it not for this discount, the FSA would have imposed a financial penalty of GBP13.5M on UBS. Reference Link
News For UBS;AIG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 26, 2015
14:01 EDTUBSBarclays to double provision for forex rigging fines, Sky News says
Barclays (BCS), which previously excluded itself from a broader settlement between several banking peers and regulators over alleged manipulation of foreign exchange rates as it worked to secure a binding agreement with all relevant authorities, will more than double its existing provision for forex fines next week, which may indicate that a settlement deal could be announced soon, said Sky News. Barclay took a GBP500M charge during the course of last year in advance of expected forex issue costs, the report noted. Other banks that previously agreed to a settlement included Bank of America (BAC), Citibank (C), HSBC (HSBC), JPMorgan Chase (JPM), RBS (RBS) and UBS (UBS). The report indicates that U.S. regulators have stepped up talks with banks including Barclays and the others involved. Reference Link
10:00 EDTUBSOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:13 EDTUBSUBS to hold investor trip
Subscribe for More Information
05:32 EDTUBSUBS initiated with an Underperform at Exane BNP Paribas
Subscribe for More Information
February 24, 2015
13:07 EDTUBSEU official: Euro banks shouldn't also go through Fed's stress test, WSJ says
Jonathan Hill, the European Unionís new financial markets chief, told The Wall Street Journal that he does not see a need for the U.S. to give stress tests to European banks that have already received health checks in Europe. Hill says banks across Europe are "properly and sensibly capitalized." The WSJ reported last week that the U.S. units of two European banks, Deutsche Bank (DB) and Banco Santander (SAN), are set to fail the Federal Reserve's stress tests, though they passed ECB stress tests last year. Reference Link
07:21 EDTUBSSecurities Industry & Financial Markets Association to hold a conference
Subscribe for More Information
06:15 EDTUBSBanks probed for possible rigging of precious metals markets, WSJ reports
Officials in the U.S. are investigating at least 10 major banks for potential rigging of precious-metals markets, sources tell The Wall Street Journal. The DOJ's antitrust unit are investigating the price-setting process for gold, silver, palladium and platinum in London, while the CFTC has begun a civil investigation, with both agencies making requests for information, including a subpoena to HSBC (HSBC) from the CFTC. According to a source, Credit Suisse (CS), JP Morgan (JPM), UBS (UBS), Societe Generale (SCGLY), Bank of Nova Scotia (BNS), Barclays (BCS), Goldman Sachs (GS) and Deutsche Bank (DB) are also under investigation. Reference Link
February 19, 2015
14:21 EDTUBSS&P reportedly says Greece contagion not a major risk, Reuters reports
The risk of contagion spreading from Greece to other European countries is not that large, a German newspaper quoted S&P's chief sovereign ratings officer as saying, according to Reuters. The euro zone would be able to handle an exit of the bloc by Greece, the ratings officer was quoted as saying, Reuters reported. Publicly traded European banks 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). Reference Link
06:04 EDTUBSFCA to investigate investment and corporate banking
Subscribe for More Information
February 17, 2015
18:17 EDTAIGJANA Partners gives quarterly update on stakes
NEW STAKES: NCR (NCR), Liberty Ventures (LVNTA), Solarcity (SCTY), Computer Sciences Corp (CSC), Salix (SLXP), and Applied Materials (AMAT). INCREASED STAKES: Hertz (HTZ), Valeant (VRX), Walgreens Boots Alliance (WBA), Rackspace (RAX), and HD Supply (HDS). DECREASED STAKES: AIG (AIG), Actavis (ACT), Charter (CHTR), AerCap (AER), and Energy Transfer Equity (ETE). LIQUIDATED STAKES: Equinix (EQIX), Cameron International (CAM), Dollar General (DG), QEP Resources (QEP), and Amgen (AMGN).
13:18 EDTAIGOmega Advisors gives quarterly update on stakes
Subscribe for More Information
07:30 EDTUBSFrance requests testimony of UBS U.S. whistleblower, WSJ says
Subscribe for More Information
06:39 EDTUBSBanks settle claims related to mortgage securities, Reuters says
Subscribe for More Information
February 13, 2015
17:52 EDTAIGThird Point gives quarterly update on stakes
Subscribe for More Information
08:27 EDTAIGAIG says 10%+ ROE remains long-term objective
Annual targets through 2017 include: A 50+ bps increase in ROE, ex. AOCI and DTA; 3%-5% reduction in net expense; 10+% growth in book value per share, ex. AOCI and DTA. Comments from slides that are being presented on the Q4 earnings conference call.
February 12, 2015
16:08 EDTAIGAIG authorizes repurchase of up $2.5B of common stock
Subscribe for More Information
16:06 EDTAIGAIG reports Q4 EPS 97c, consensus $1.05
Subscribe for More Information
15:48 EDTAIGAIG February weekly 52.5 straddle priced for 2.7% movement into Q4
Subscribe for More Information
15:41 EDTAIGNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include AIG (AIG), consensus $1.05... Liberty Global (LBTYA), consensus 8c... Kraft (KRFT), consensus 73c... CBS (CBS), consensus 76c... DaVita HealthCare (DVA), consensus 89c... Republic Services (RSG), consensus 48c... Assurant (AIZ), consensus $1.66... Alnylam Pharmaceuticals (ALNY), consensus (60c)... American Equity (AEL), consensus 54c... Boyd Gaming (BYD), consensus (4c)... Regal Entertainment (RGC), consensus 29c... King Digital (KING), consensus 47c... Ironwood Pharmaceuticals (IRWD), consensus (21c)... Groupon (GRPN), consensus 3c... Zynga (ZNGA), consensus 0c... SS&C Technologies (SSNC), consensus 62c... Cognex (CGNX), consensus 26c... Taubman Centers (TCO), consensus 74c... j2 Global (JCOM), consensus 90c.
14:23 EDTAIGAIG technical comments ahead of earnings
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use