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News Breaks | | | | March 20, 2013 | | 07:29 EDT |  | FLT, WU, VNTV, XOOM, MA, V, BCS | Barclays to host a forum
3rd Annual Emerging Payments Forum is being held in Boston on March 19-20 with webcasted company presentations to begin on March 20 at 8 am; not all company presentations may be webcasted. Webcast Link | |
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News For VNTV;BCS;MA;WU;V;XOOM;FLT From The Last 14 Days Check below for free stories on VNTV;BCS;MA;WU;V;XOOM;FLT the last two weeks. |
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| May 16, 2013 | | 12:32 EDT |  | BCS | 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 | | | 06:29 EDT |  | VNTV | Vantiv re-initiated with an Outperform at Credit Suisse
 Subscribe for More Information | | | 05:44 EDT |  | WU | U.S. freezes account tied to Bitcoin exchange, WSJ reports
U.S. officials dealt a blow to the fledgling digital currency called Bitcoin, freezing an account tied to the largest Bitcoin exchange just months after regulators warned such entities should follow traditional anti-money laundering rules, reports the Wall Street Journal. The Department of Homeland Security obtained a warrant to seize an account tied to Mt. Gox, a Tokyo-based exchange that says it handles 80% of all Bitcoin trading. Reference Link | | | May 15, 2013 | | 17:46 EDT |  | V | SAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), . | | | 09:15 EDT |  | FLT | FleetCor 2M share Block Trade priced at $82.75
The deal priced at the high end of the $82.50-$82.75 range. Citigroup acted as sole book running manager for the offering. | | | May 14, 2013 | | 09:17 EDT | | V | Visa prepared to enter China, China Daily reports
Subscribe for More Information | | | 06:44 EDT | | MA, V | Visa Europe offers to reduce inter-bank fees, Reuters says
Visa Europe, the European licensee of Visa (V), is prepared to reduce its interbank credit fees by 50% for four years in order to terminate an EU antitrust probe and prevent itself from possibly being fined, according to Reuters. The reduction would lower Visa Europe's interbank credit fees to 0.3%, the same level as that of MasterCard (MA), EU stated, Reuters reported. Reference Link | | | 05:44 EDT | | BCS | Banks work deals from both sides of the field, WSJ reports
Subscribe for More Information | | | 05:40 EDT |  | V | Visa price target raised to $196 from $177 at Deutsche Bank
Subscribe for More Information | | | May 13, 2013 | | 18:06 EDT | | BCS | Barclays gets shareholder lawsuit over Libor thrown out, Reuters says
Subscribe for More Information | | | | 07:59 EDT | | V | Visa management to meet with Deutsche Bank
Meeting to be held in New York on May 13 hosted by Deutsche Bank. | | | 06:49 EDT | | BCS | ECB member says negative deposit rates would help economy, Reuters says
Subscribe for More Information | | | May 12, 2013 | | 18:21 EDT | | WU | Western Union shares could jump to $19 in the next 12 months, Barron's says
Driven by lower money transfer prices, Western Union's shares could see $19 this year and stay in the low $20s afterward, as the economy improves and transactions increase, Barron's contends in a Feature article. Reference Link | | | May 10, 2013 | | 08:27 EDT | | MA | MasterCard management to meet with Deutsche Bank
Subscribe for More Information | | | May 9, 2013 | | 12:29 EDT | | VNTV | Vantiv management to meet with Jefferies
Meeting to be held in New York on May 16 hosted by Jefferies. | | | 09:23 EDT | | MA | MasterCard management to meet with Deutsche Bank
Meetings to be held in Los Angeles/Pasadena on May 9 hosted by Deutsche Bank. | | | May 8, 2013 | | 09:35 EDT | | VNTV | Fifth Third sees Q2 after-tax gain of $145M from Vantiv share sale
Fifth Third (FITB) announced that Vantiv (VNTV) recently priced a secondary offering of 38.6M shares of Class A Common Stock being sold on behalf of selling shareholders, including 15.6M shares being sold by Fifth Third. Additionally, Vantiv announced that it has entered into an agreement to repurchase 17.5M shares of the shares being sold by the selling shareholders in the offering. The combination of the sale and Vantiv’s repurchase of shares would result in an approximate 15% reduction in Fifth Third's ownership position in Vantiv, excluding warrants, the company said. Upon the settlement of this transaction, Fifth Third said it expects to recognize a pre-tax gain of approximately $225M, or approximately $145M after-tax, during Q2. Following the settlement, Fifth Third would have a remaining economic interest of approximately 28% of Vantiv’s future earnings, before consideration of the potential impact of an exercise of the underwriters’ overallotment option, it said. | | | 08:09 EDT | | MA | MasterCard management to meet with Deutsche Bank
Subscribe for More Information | | | 06:14 EDT | | VNTV | Vantiv 38.6M share Secondary priced at $23.75
Subscribe for More Information | | | May 7, 2013 | | 12:38 EDT | | BCS | Citigroup sues Barclays over Lehman losses, Reuters says
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