New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 25, 2011
12:48 EDTCRZBY, MTU, BAC, MS, SBMRY, BNPQY, MFG, BCS, RBS, FBRWF, C, STD, JPMJP Morgan, RBS lead SABMiller's $12.5B loan, Reuters reports
Ten banks will lead SABMIller's (SBMRY) $12.5B acquisition loan which backs its $10B hostile bid for Foster's (FBRWF), Reuters reports. According to sources, JP Morgan (JPM), Royal Bank of Scotland (RBS) and Morgan Stanley (MS) will be joined by BBVA, Banco Santander (STD), Barclays (BCS), Bank of America Merrill Lynch (BAC), Citigroup (C), Bak of Tokyo-Mitsubishi UFJ (MTU) and Mizuho (MFG). SABMiller asked 12 banks to provide $1.6B each to back the bid, but BNP Paribas (BNPQY) and Commerzbank (CRZBY) did not join the group. Reference Link
News For SBMRY;JPM;RBS;MS;STD;BCS;BAC;C;MFG;MTU;FBRWF;BNPQY;CRZBY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
March 19, 2015
11:53 EDTMS, C, BAC, JPMU.S. banks face headwinds in unloading oil loans, WSJ says
Subscribe for More Information
09:06 EDTCCiti Retail Services extends long term consumer relationship with Office Depot
Subscribe for More Information
07:15 EDTCCiti CEO tells shareholders 2015 targets 'within reach,' Reuters reports
Subscribe for More Information
06:30 EDTBACSEC says BofA must put investment bank spinoff to shareholder vote, Reuters says
The SEC has told Bank of America that it must allow shareholders to vote on whether the company will attempt to spin off its investment bank unit, reports Reuters, citing a decision by the Securities and Exchange Commission. A bank spokesperson said the company "will respond to the proposal in our proxy statement." Reference Link
06:06 EDTCCiti files lawsuit over Swiss franc surge, Reuters says
Subscribe for More Information
March 18, 2015
13:56 EDTCArgentina to bar Citi from exiting custody business, Reuters says
Subscribe for More Information
08:25 EDTJPMSamson near deal for covenant breach waiver, NY Post says
Subscribe for More Information
07:44 EDTJPMJPMorgan to purchase $45B of mortage service rights from Ocwen, NY Post says
Subscribe for More Information
07:27 EDTBCSFreeport seeks funding from Blackstone, Apollo, Reuters says
Freeport McMoRan (FCX) has hired Goldman Sachs (GS) and Barclays (BCS) to find private equity firms willing to finance certain of its energy projects and asset developments, reports Reuters, citing people familiar with the matter. Freeport is in talks with Blackstone (BX), Apollo (APO), and Warburg Pincus about a potential partnership. The sources say the firm may be seeking "several billion dollars," though discussions are in "very early" stages. Reference Link
07:20 EDTBCS, RBSU.S. considers 'tearing up' non-prosecution deals with banks, Bloomberg says
Subscribe for More Information
07:10 EDTBACPlatts to hold a forum
11th Annual Steel Markets North America is being held in Chicago on March 17-18.
March 17, 2015
16:41 EDTJPMJPMorgan formally authorizes $6.4B equity repurchase program
Subscribe for More Information
16:00 EDTCOptions Update; March 17, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 27.30. Option volume leaders: AAPL RIG MGM HTZ TWTR TSLA CY KO NFLX C according to Track Data.
14:37 EDTC, BCS, JPMCiti, Barclays near $800M settelement of forex suit, WSJ says
Subscribe for More Information
13:10 EDTJPMJPMorgan could acquire Ocwen's Fannie MSR portfolio, IMF reports
Subscribe for More Information
12:26 EDTCCitibank to exit custody business in Argentina following ruling, WSJ reports
Subscribe for More Information
08:34 EDTBACBank of America reinstated with an Outperform at Raymond James
Subscribe for More Information
08:26 EDTRBSFreddie Mac, Fannie Mae begin legal battle against Nomura, RBS, NY Post says
Freddie Mac (FMCC) and Fannie Mae (FNMA) alleged in court proceedings Monday that they bought "bad" mortgages because they were mislead by banks, reports the New York Post, citing court arguments. Monday was the first day of the lawsuit against Nomura (NMR) and co-defendant Royal Bank of Scotland (RBS) which seeks $1B in damages as well as the ability to return the securities to the banks. Lawyers presented internal bank emails that identified some mortgages as "crap" or from "extremely dysfunctional" lenders, while the banks alleged that they fully disclosed the poor quality of the products. Reference Link
07:15 EDTCCiti price target raised on positive news flow at Deutsche Bank
Deutsche Bank raised its price target for Citi (C) shares to $56 from $54 citing recent positive news flow around the sale of OneMain, the credit card deal with Costco (COST) and last week's stress test results. Deutsche notes the stock still trades at a 6% discount to tangible book. It keeps a Buy rating on Citi.
05:34 EDTJPMJPMorgan providing financial advice to UK government to fight dementia
Subscribe for More Information
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use