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Stock Market & Financial Investment News

News Breaks
January 28, 2013
07:45 EDTHBC, C, UBS, JPMUBS Chairman Weber proposed Libor settlement, Reuters reports
UBS (UBS) Chairman Axel Weber brought up the possibility of an industry-wide settlement for the rest of the banks involved in the Libor rate fixing scandal at a meeting of top bankers in Davos, sources say, reports Reuters. Weber argued that a settlement would prevent further reputational damage to the industry. One of the sources said that although the idea was discussed briefly during the meeting, there was no agreement on pursuing it. Among the bankers and officials at the meeting were Bank of Canada Governor Mark Carney, JP Morgan Chase (JPM) CEO Jamie Dimon, Citigroup (C) CEO Mike Corbat and HSBC (HBC) Chairman Douglas Flint. Reference Link
News For UBS;JPM;C;HBC From The Last 14 Days
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May 24, 2013
07:28 EDTHBCHSBC's Flint: Speed up banking reform, Reuters reports
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May 23, 2013
16:00 EDTCOptions Update; May 23, 2013
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14:45 EDTJPMJPMorgan names Barry Sommers head of consumer bank, Reuters says
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11:56 EDTJPMVisa names Ryan McInerney president
Visa (V) announced the appointment of Ryan McInerney as president of Visa. In this role, McInerney will be responsible for Visa's global client organization, product management as well as a new solutions group, which will focus on building and bringing to market new products and services to Visa's issuer, acquirer and merchant clients. Mr. McInerney will report to Charlie Scharf, CEO of Visa . McInerney joins Visa from JP Morgan Chase (JPM) where he was the CEO of Consumer Banking.
08:10 EDTJPMJPMorgan compelling at current levels, says RW Baird
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07:12 EDTJPMWall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
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06:32 EDTJPMDimon looks to improve JPMorgan after winning vote, NY Times says
After JPMorgan's (JPM) shareholders voted to allow Jamie Dimon to keep his dual role as the bank's CEO and chairman, Dimon is looking to repair the bank's relationship with regulators and "fortify risk controls," according to The New York Times. Reference Link
06:29 EDTJPM, UBSSoftware firm Luxoft files for IPO in New York, Bloomberg reports
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06:08 EDTJPMOn the Fly: Periodicals Wrap-Up
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05:48 EDTJPMProxy advisers see their power diminish, WSJ reports
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May 22, 2013
16:00 EDTCOptions Update; May 22, 2013
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14:54 EDTJPMJPMorgan not likely to add new board members soon, Bloomberg says
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13:04 EDTUBSUBS to face whistle-blower suit brought by strategist, Bloomberg says
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10:31 EDTJPMJPMorgan spikes higher along with peers, levels to watch
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10:00 EDTUBSOn The Fly: Analyst Downgrade Summary
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09:02 EDTJPM, CFinancials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list.
08:12 EDTHBCHSBC shares likely to advance further, says Bernstein
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07:45 EDTCCitigroup price target raised to $60 from $53 at Credit Suisse
Credit Suisse said Citigroup's International markets have had faster growth and provide a source of additional revenue opportunity. The firm expects 2013 ROE of 13.2% vs. 11.9% in 2012 and sees positive operating leverage driving improved profitability. Shares are Outperform rated.
06:12 EDTCRussia becomes a tougher market for foreign banks, Reuters reports
Foreign banks that once treated Russia as new territory where easy money could be made are now finding it a cut-throat market tougher than some bargained for, reports Reuters. While players such as Citi and Austria's Raiffeisen thrive, many have found post-Soviet Russia too hard to penetrate: rife with credit, legal and corruption risks, and dominated by state giants Sberbank and VTB.Reference Link
05:43 EDTUBSUBS downgraded to Underperform from Market Perform at Keefe Bruyette
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