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Stock Market & Financial Investment News

News Breaks
February 22, 2013
07:16 EDTLYG, ING, AEG, UBS, RBS, RY, CS, SAN, BBVA, BCS, DBECB sees EUR 61B in LTRO repayments, below forecasts, FT says
The European Central Bank said that eurozone banks would pay back EUR 61.1B, or about half what analysts had expected, of the funds borrowed last February under the longer-term refinancing operations, or LTRO, reported Financial Times. Consensus estimates predicted about EUR 130B would be returned to the ECB when the early repayment window officially opened, the report noted. Reference Link
News For UBS;DB;CS;AEG;BCS;RY;ING;BBVA;RBS;LYG;SAN From The Last 14 Days
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January 23, 2015
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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January 22, 2015
16:27 EDTRYOn The Fly: Closing Wrap
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13:59 EDTRYRoyal Bank of Canada not planning further large acquisitions, Reuters says
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12:28 EDTRYOn The Fly: Midday Wrap
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09:16 EDTRYOn The Fly: Pre-market Movers
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08:03 EDTRYRoyal Bank of Canada to host conference call
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07:14 EDTRYCity National volatility elevated into Royal Bank of Canada acquiring for $5.4B
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07:05 EDTRYRoyal Bank of Canada to acquire City National for $93.80 per share
City National Corporation (CYN) and Royal Bank of Canada (RY) announced a definitive agreement by which Royal Bank of Canada will acquire all outstanding shares of City National Corp. Total consideration is valued at approximately $5.4B at announcement, or approximately $93.80 per City National share, comprised of a mix of cash and common stock, based on RBC's closing stock price on January 21. The agreement has been approved by the boards of both companies. Following completion of this transaction, Russell Goldsmith will remain Chairman and CEO of City National, and he also will be responsible for RBC's U.S. Wealth Management unit. Goldsmith has served as City National's CEO since 1995. RBC will pay, on average, approximately $47.25 in cash and 0.7489 of an RBC common share for each share of City National common stock. City National stockholders will be entitled to elect to receive the merger consideration in RBC common shares or cash, subject to certain adjustments and limitations. The aggregate consideration will be paid with approximately $2.7B in cash and approximately 44M RBC common shares. This represents approximately a 50% cash and 50% share mix as of announcement. The total number of RBC common shares to be issued and the amount of cash to be paid in the transaction are both fixed. As part of the transaction, the Goldsmith family stockholders have agreed to vote their City National holdings in favor of the transaction and to hold at least 50% of the RBC common shares received by them in the transaction until the third anniversary of closing. The transaction is expected to be accretive to RBC's earnings per share in the latter part of year three and accretive to earnings in year two. Given RBC's strong capital position and internal capital generation, the company expects to maintain its ongoing capital management program, and to maintain a Common Equity Tier 1 ratio at closing broadly in line with its current level. RBC's CET 1 ratio was 9.9% as of October 31, 2014. Closing is expected before the end of calendar 2015 subject to customary closing conditions, including receipt of required regulatory approvals and the approval of City National's stockholders.
07:02 EDTRYRoyal Bank of Canada to acquire City National for $93.80 per share
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06:37 EDTBCSNew York Attorney General seeks to expand Barclays lawsuit, Telegraph says
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January 21, 2015
07:04 EDTSANSunEdison and TerraForm Power secure financing for solar project in UK
SunEdison (SUNE) and TerraForm Power (TERP) have secured financing to build five large-scale solar farms in the UK which will generate 85.2MW of electricity. The projects are expected to be acquired by Terraform in early 2015. Financing for the solar farms has been provided by Santander (SAN) Global Banking and Markets and Bayerische Landesbank, who acted as arrangers and Santander UK who acted as agent. The total amount financed was GBP70M. SunEdison has begun construction on all five sites, and will complete them in Q1.
January 20, 2015
16:53 EDTINGING Groep reports 18.9% passive stake in Voya Financial
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14:06 EDTRBSCitizens, Keysight identified as long positions by Einhorn
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08:41 EDTCSCredit Suisse's capital ratios not changed by unstable Swiss franc, Reuters says
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07:30 EDTRBS, LYG, BCSU.K. banks see Bitcoin as threat to sterling, boon to terrorists, Telegraph says
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07:28 EDTBCSTreasury Institute for Higher Education to hold a symposium
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06:39 EDTCSCredit Suisse will charge certain clients for franc accounts, Reuters says
On January 22, Credit Suisse will begin charging some large corporate clients for franc accounts in order to introduce negative interest rates, reports Reuters, citing Credit Suisse spokeswoman Daniela Haesler. Reference Link
05:57 EDTBBVABanco Bilbao upgraded to Buy from Neutral at Citigroup
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January 18, 2015
16:16 EDTBCSBarclays loses 'millions' on Swiss franc volatility, Reuters says
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