News Breaks |
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| March 14, 2013 |
| 07:26 EDT |  | UBS, BAC | UBS paid up to poach Orcel but similar moves may become harder, FT says
UBS (UBS) paid Andrea Orcel, the head of its investment bank, nearly $26.2M after he joined from Bank of America (BAC), its annual report revealed, though making similarly high executive payouts may be more difficult in the future due to newly enacted Swiss rules, according to Financial Times. Reference Link |
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News For UBS;BAC From The Last 14 Days Check below for free stories on UBS;BAC the last two weeks. |
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| May 17, 2013 |
| 16:00 EDT |  | BAC | Options Update; May 17, 2013
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| 10:20 EDT |  | BAC | Bank of America rises, levels to watch
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| May 16, 2013 |
| 12:32 EDT |  | UBS | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link |
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| 07:18 EDT | | BAC | Investors bet on banks hit by credit crisis, Bloomberg reports
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| 06:41 EDT | | BAC | Big banks to benefit from U.S. concession on derivatives, NY Times says
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| May 15, 2013 |
| 10:13 EDT |  | BAC | Bank of America reports April card write-offs 4.55% vs. 4.33% last month
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| May 14, 2013 |
| 10:53 EDT | | BAC | Bank of America breakout continues, levels to watch
The breakout back above what was persistent resistance at the $12.50 area has now taken on a firmer bullish footing. Shares are trading at multi-year highs, last at $13.25. At that price, resistance is now at $13.56 and then at $13.84. Support is at $13.01. |
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| 08:44 EDT |  | BAC | Bank of America management to meet with Deutsche Bank
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| 08:33 EDT | | BAC | CFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link |
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| 06:19 EDT | | BAC, UBS | Brokerage firms see market share drop, competition increase, Bloomberg reports
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| May 13, 2013 |
| 15:04 EDT | | BAC | Fed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. |
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| 07:29 EDT | | UBS | Skillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16. |
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| 06:49 EDT | | UBS | ECB member says negative deposit rates would help economy, Reuters says
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| May 10, 2013 |
| 13:17 EDT | | UBS | UBS names Palmer head of equity markets for Americas, Reuters reports
UBS has installed James Palmer as head of equity capital markets for the Americas, according to Reuters, which cited an internal memo it obtained. Palmer was previously a managing director in the group, the news service stated. Reference Link |
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| 07:33 EDT | | BAC | New York's case against BofA, Merrill may be dropped, Reuters reports
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| 05:30 EDT | | BAC | KeyBank to acquire Bank of America CMBS servicing portfolio, Berkadia CMBS business
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| May 9, 2013 |
| 14:30 EDT | | BAC | Options Update; May 9, 2013
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| 08:09 EDT | | BAC | JPMorgan, Bank of America had perfect trading records in Q1, Bloomberg reports
JPMorgan Chase (JPM) and Bank of America (BAC) had perfect trading records in the first quarter, making money every day of the period as Morgan Stanley (MS) posted losses in eight sessions and Goldman Sachs (GS) in two, reports Bloomberg. One daily gain at JPMorgan was over $200M as the bank recovered from last year’s London Whale derivatives loss, the company said in a regulatory filing. Reference Link |
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| 05:43 EDT | | BAC | Big banks take the offense against Washington, WSJ reports
The biggest U.S. banks are going on the offensive to fight off growing efforts in Washington to rein them in, reports the Wall Street Journal. They've hired longtime, influential Washington insiders to deflect regulatory and political pressure to strengthen their finances and to sell assets. Reference Link |
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| May 8, 2013 |
| 16:00 EDT | | BAC | Options Update; May 8, 2013
CBOE Volatility Index VIX down 17c to 12.66. Option volume leaders: BAC GOOG C AAPL DIS X XOM according to Track Data. |
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