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Stock Market & Financial Investment News

News Breaks
January 3, 2014
06:02 EDTUBS, BACDetroit bond insurer against new swaps deal with BofA, Bloomberg reports
Detroit shouldn’t be allowed to pay $165M to UBS (UBS) and Bank of America (BAC) under a renegotiated deal to end interest-rate swaps because the new agreement is still too costly, says Ambac Assurance Corp., reports Bloomberg. The city could instead sue the banks and, should they win, pay nothing or even collect damages for previous payments related to the swaps, Ambac said in a filing in U.S. Bankruptcy Court in Detroit. Reference Link
News For UBS;BAC From The Last 14 Days
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January 30, 2015
09:35 EDTBACActive equity options trading
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January 29, 2015
08:38 EDTBACAmeris Bancorp announces private placement of common stock
Ameris Bancorp (ABCB)announced the sale of shares of the company's common stock at a price of $22.50 per share to institutional accredited investors through a private placement. The company has received commitments for the sale of up to 5,320,000 shares and is in the process of closing the issuance, which is expected to be completed by January 30. The company expects to receive net proceeds from the private placement of approximately $114.5M, which it intends to use, in part, to fund the cash consideration for its recently announced acquisitions of Merchants & Southern Banks of Florida, Inc. and eighteen Bank of America (BAC) branches located in North Florida and South Georgia.
January 28, 2015
16:56 EDTUBS, BACFederal judge says FOREX manipulation case to proceed, Reuters reports
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January 27, 2015
06:52 EDTUBSEuropean Central Bank raises capital requirements for banks, WSJ says
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January 26, 2015
12:49 EDTBACFederal Reserve discloses plan to improve U.S. payment system, WSJ reports
The Federal Reserve released a plan that would improve the U.S. payment system, saying the current outlook, which covers banking, checking, credit cards and online transactions is fragmented and outdated with respect to new technologies that may harm consumers, the Wall Street Journal reports. The Federal Reserve invited banks, credit card companies and payment processors to coordinate efforts. 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
January 23, 2015
08:22 EDTUBSUBS says did not experience negative revenues in trading from Swiss franc move
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08:21 EDTUBSUBS sees DCCP to qualify as additional tier 1 capital
UBS has enhanced certain features of its employee compensation framework in anticipation of increased focus on tier 1 capital instruments. Starting with compensation for 2014, Deferred Contingent Capital Plan, or DCCP, awards will qualify as fully applied additional tier 1 capital under Basel III regulations. This will optimize the capital efficiency of these plans under Basel III. Outstanding DCCP awards granted for the performance years 2012 and 2013 are unaffected by these changes, and continue to qualify as Basel III tier 2 loss-absorbing capital. Reflecting progress in the establishment of its Group holding company, including the successful completion of its share-for-share exchange offer, UBS fully accrued a supplementary capital return of CHF 0.25 per share in the fourth quarter of 2014. The accrual reduced UBS's fully applied Basel III CET1 capital by approximately CHF 1B as of December 31, 2014. Subject to shareholder approval, UBS Group AG intends to pay the supplementary capital return upon successful completion of the squeeze-out procedure. The supplementary capital return is expected to be a distribution of capital contribution reserves. It is separate and in addition to its targeted capital return of at least 50% of net profit attributable to UBS shareholders, UBS said.
07:59 EDTUBSUBS wins dismissal of lawsuit over inactive account seizure, Reuters says
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07:23 EDTBACBass does not expect large U.S. banks to break up
Publicly traded companies in the space include Bank of America (BAC), Citi (C), JPMorgan (JPM), and Wells Fargo (WFC). Kyle Bass of Hayman Capital continues speaking on CNBC.
06:42 EDTBACU.S. banks preparing for prolonged low bond yields, Reuters says
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January 22, 2015
16:00 EDTBACOptions Update; January 22, 2015
iPath S&P 500 VIX Short-Term Futures down 2.13 to 31.32 Option volume leaders: AAPL TSLA TWTR AMZN FB FXCM AVP BAC according to Track Data.
January 20, 2015
09:38 EDTBACActive equity options trading
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08:54 EDTBACBank of America upgraded to Conviction Buy from Buy at Goldman
Goldman added Bank of America to the Conviction Buy List with an $18 price target following recent underperformance. The firm continues to believe shares to will be driven by better than expected top-line growth, accelerated capital returns, and a business shift towards less capital intensive earnings streams.
07:28 EDTBACTreasury Institute for Higher Education to hold a symposium
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