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News For BBVA;CS;BCS;UBS;AEG;DB;RY;ING;LYG;RBS;SAN From The Last 14 Days Check below for free stories on BBVA;CS;BCS;UBS;AEG;DB;RY;ING;LYG;RBS;SAN the last two weeks. |
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| May 24, 2013 | | 08:34 EDT |  | ING | Kyobo Life bids on ING's South Korean insurance business, Reuters reports
 Subscribe for More Information | | | 05:42 EDT |  | AEG | AEGON names Aegon Americas COO Brenda Clancy to Global Chief Technology Officer
Subscribe for More Information | | | May 23, 2013 | | 11:20 EDT | | LYG | Lloyds Banking looks to sell $8.7B U.S. mortgage portfolio, WSJ says
Lloyds Banking Group is looking to sell about $8.7B of U.S. mortgage securities, says the Wall Street Journal, citing a person with knowledge of the sale. The proposed sale comes as the bank continues to "shore up" its balance sheet after the "financial crisis," added the WSJ. Reference Link | | | 06:29 EDT | | CS, DB, UBS | Software firm Luxoft files for IPO in New York, Bloomberg reports
Subscribe for More Information | | | 05:48 EDT | | BCS | Proxy advisers see their power diminish, WSJ reports
Subscribe for More Information | | | May 22, 2013 | | 13:04 EDT | | UBS | UBS to face whistle-blower suit brought by strategist, Bloomberg says
Subscribe for More Information | | | 10:00 EDT |  | UBS | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 07:58 EDT | | RBS, LYG | RBS: No new shares needed to meet regulatory capital requirements, FT reports
Subscribe for More Information | | | 06:01 EDT | | LYG | Lloyds Banking confident it can meet capital requirement, WSJ reports
Subscribe for More Information | | | 05:43 EDT | | UBS | UBS downgraded to Underperform from Market Perform at Keefe Bruyette
| | | | May 21, 2013 | | 15:23 EDT | | UBS | UBS downgraded to Underperform from Market Perform at Keefe Bruyette
Subscribe for More Information | | | 10:00 EDT | | DB | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Acquity Group (AQ) downgraded to Neutral from Buy at Roth Capital... Beazer Homes (BZH) downgraded to Neutral from Buy at Sterne Agee... CME Group (CME) downgraded to Neutral from Outperform at Macquarie... Carnival (CCL) downgraded to Neutral from Buy at UBS... Coach (COH) downgraded to Equal Weight from Overweight at Morgan Stanley... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... First Republic Bank (FRC) downgraded to Hold from Buy at Jefferies... Franklin Resources (BEN) downgraded to Neutral from Outperform at Macquarie... Life Technologies (LIFE) downgraded to Underperform from Outperform at CLSA... Oil States (OIS) downgraded to Neutral from Buy at Sterne Agee... Raymond James (RJF) downgraded to Market Perform from Outperform at Wells Fargo... VF Corp. (VFC) downgraded to Market Perform from Outperform at Wells Fargo... WellCare (WCG) downgraded to Neutral from Buy at Goldman... Huaneng Power (HNP) downgraded to Neutral from Buy at Citigroup... Comerica (CMA) downgraded to Neutral from Buy at DA Davidson... Beazer Homes (BZH) downgraded at Sterne Agee... Oil States (OIS) downgraded at Sterne Agee... eHealth (EHTH) downgraded to Neutral from Buy at Lazard Capital... Carnival (CCL) downgraded to Market Perform from Outperform at Wells Fargo... Warner Chilcott (WCRX) downgraded to Neutral from Positive at Susquehanna. | | | 07:56 EDT | | DB | Qatar buys stakes in Deutsche Bank, VTB, FT reports
Subscribe for More Information | | | 07:12 EDT | | CS | Credit Suisse now second largest Asia prime broker, Reuters reports
The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, reports Reuters.Reference Link | | | 06:10 EDT | | CS | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: JPMorgan Chase (JPM) plans to shake-up of its board even if every director wins re-election at today’s shareholder meeting and James Dimon keeps his dual job as chairman and CEO, the Wall Street Journal reports...Mutual-fund firms are joining activist investors in getting more aggressive over demands for change in how board members are paid at U.S. companies. Activist investors have been experimenting more frequently with incentive pay packages for the board members they nominate in proxy fights, the Wall Street Journal reports...REUTERS: Specialty chemicals producer Rockwood Holdings’s (ROC) pigments businesses have attracted offers from buyout firms including Blackstone Group (BX) and Advent International, sources say, Reuters reports...The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, Reuters reports...BLOOMBERG: Bank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten scrutiny on potential deals and sellers wait for higher valuations, according to a KPMG survey, Bloomberg reports...PIMCO’s Bill Gross says the bull market for bonds may have ended last month. But investors are staying put. Four years into the biggest rally in U.S. stocks since 2000, bond mutual funds are attracting more money than their equity counterparts, Bloomberg reports. | | | 05:46 EDT | | DB | Thomson Reuters, others to challenge Bloomberg messaging, WSJ reports
Subscribe for More Information | | | 05:42 EDT | | DB | Deutsche Bank downgraded to Neutral from Overweight at JPMorgan
Subscribe for More Information | | | May 20, 2013 | | 10:10 EDT |  | RBS | Royal Bank of Scotland management to meet with JPMorgan
Subscribe for More Information | | | 08:12 EDT | | UBS | UBS names Sylvia Coutinho as CEO of UBS Group Brazil
Subscribe for More Information | | | 07:50 EDT | | BCS, CS | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link | | | | 07:42 EDT | | UBS | Cohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22. | | | 06:37 EDT | | RBS | Royal Bank of Scotland announces new chairman of Asia unit, NY Times says
Subscribe for More Information | | | May 19, 2013 | | 18:32 EDT | | ING | ING U.S. could rise over 30% in a takeover, Barron's reports.
Subscribe for More Information | | | May 16, 2013 | | 17:42 EDT | | ING | ING Group agrees to sell part of its direct stake in SulAmerica to IFC
ING announced that it has agreed to sell part of its direct stake in SulAmerica to International Finance Corporation, IFC. ING has agreed to sell approximately 26.5M units of SulAmerica, representing approximately 7.9% of SulAmerica's outstanding shares, for a total consideration of 400M Brazilian Reais, roughly USD 200M or EUR 155M at current exchange rates. These shares have been released from the obligations of the shareholders agreement between ING and the Larragoiti Family as announced on 28 February 2013. Upon the closing of both the sale to IFC and the transaction with the Larragoiti Family, in which ING agreed to reduce its 36.5% stake to just under 30%, ING's equity interest in SulAmerica will be reduced to approximately 21.5%. The market value of the remaining stake is approximately EUR 410M based on the closing share price of 15 May 2013, R$14.95, and current exchange rates. The transaction with IFC is expected to close within 30 days, while the transaction with the Larragoiti Family is expected to close in the third quarter of 2013 as it is subject to regulatory approvals. | | | 12:32 EDT |  | RBS, SAN, UBS, LYG, ING, RY, DB, CS, BCS, BBVA, AEG | 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 | | | 08:39 EDT | | DB | Hartford Financial hires Deutsche to find buyer for Japan unit, Bloomberg says
Hartford Financial Services (HIG) engaged Deutsche Bank (DB) to seek a buyer for its Japanese annuity unit, according to Bloomberg, citing people with knowledge of the matter. Reference Link | | | 08:33 EDT | | ING | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. | | | 07:53 EDT | | RBS | U.K. PM Cameron indicates he wants RBS in good shape for a sale, FT reports
Subscribe for More Information | | | 07:35 EDT | | RBS | Royal Bank of Scotland to cut 1,400 jobs in U.K., Reuters reports
Subscribe for More Information | | | May 14, 2013 | | 09:38 EDT |  | SAN | Active equity option families trading on open
Subscribe for More Information | | | | 06:19 EDT |  | RY | Royal Bank of Canada upgraded to Equal Weight from Underweight at Morgan Stanley
| | | 06:19 EDT | | UBS | Brokerage firms see market share drop, competition increase, Bloomberg reports
Subscribe for More Information | | | 05:44 EDT | | BCS, DB | Banks work deals from both sides of the field, WSJ reports
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 | | | 14:47 EDT | | RBS | Royal Bank of Scotland management to meet with JPMorgan
Subscribe for More Information | | | 10:36 EDT | | LYG | Lloyds Banking confirms plan for Chairman Bischoff to retire
Subscribe for More Information | | | 07:29 EDT | | LYG, UBS | Skillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16. | | | 06:49 EDT | | BBVA, RBS, CS, BCS, RY, UBS, AEG, DB, LYG, ING, SAN | ECB member says negative deposit rates would help economy, Reuters says
Subscribe for More Information | | | May 10, 2013 | | 13:17 EDT | | UBS | UBS names Palmer head of equity markets for Americas, Reuters reports
UBS has installed James Palmer as head of equity capital markets for the Americas, according to Reuters, which cited an internal memo it obtained. Palmer was previously a managing director in the group, the news service stated. Reference Link | |
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