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Stock Market & Financial Investment News

News Breaks
June 24, 2014
08:30 EDTFCFS, PNC, DLLR, CSH, ZION, EZPW, AEADOJ pushing on with payment-processing probe despite critics, WSJ says
Attorney General Eric Holder said he will bring more cases against banks and payment-processing companies as part of the "Operation Choke Point" probe that has been opposed by political critics and a group representing short-term lenders, said The Wall Street Journal. A previously disclosed DOJ memo showed the agency has opened civil investigations into 10 banks and payment processors as part of "Operation Choke Point," and some banks, including Zions Bancorp (ZION) and PNC Financial (PNC), have disclosed they are subject to the probe in regulatory filings, the report said. Advance America (AEA) and the Community Financial Services Association of America, a trade group representing short-term lenders, filed a lawsuit against bank regulators, alleging that a federal crackdown on their industry represents an abuse of the government's authority. Other publicly traded payday lenders include Cash America (CSH), First Cash Financial (FCFS), EZCORP (EZPW), and DFC Global (DLLR), though the Journal's story did not mention any of these companies by name. Reference Link
News For ZION;PNC;AEA;CSH;FCFS;EZPW;DLLR From The Last 14 Days
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November 26, 2014
12:29 EDTZIONZions Bancorp management to meet with SunTrust
Meeting to be held in Atlanta on December 3 hosted by SunTrust.
November 24, 2014
10:00 EDTCSHOn The Fly: Analyst Downgrade Summary
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06:47 EDTCSHCash America downgraded to Market Perform from Outperform at JMP Securities
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November 19, 2014
07:51 EDTPNCClearing House Payments Company to hold a conference
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07:37 EDTPNCCitigroup to hold a conference
Global Financial Conference is being held in Singapore on November 19-20.
November 17, 2014
09:19 EDTZIONZions Bancorp management to meet with JPMorgan
Meetings to be held in Los Angeles/Pasadena on November 18 hosted by JPMorgan.
November 13, 2014
07:03 EDTCSHCash America completes spin-off of Enova International
Cash America International (CSH) announced the successful completion of the spin-off of Enova International which will begin “regular way” trading today on the New York Stock Exchange under the ticker symbol “ENVA.” Cash America’s board of directors began evaluating strategic alternatives for the possible separation of Enova in the spring of 2014, and in July it announced its intent to pursue the spin-off of Enova into a separate public company. The separation creates two companies oriented to serving the capital needs of consumers through distinctively different business models; one through a traditional storefront network and the other solely through the internet. At 12:01 a.m. Eastern Time today, each holder of Cash America common stock received shares of Enova common stock at a rate of 0.915 shares for each Cash America share owned as of November 3, 2014, which was the record date for distribution. The distribution was issued in book entry form only and no physical certificates were issued. Fractional shares of Enova were not distributed, and Cash America shareholders will receive cash in lieu of any fractional shares they would otherwise have been entitled to receive in the distribution. Today’s distribution of Enova qualifies as a tax-free distribution to shareholders of Cash America. Cash America's common stock will continue to trade on the NYSE under the ticker symbol “CSH.” Cash America and Enova now operate as two independent companies. Cash America retains ownership of 20% of Enova following today’s distribution.

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