| Date | Time | Source | |
| 05/24/2013 | 6:48PM | DJN | UPDATE: Visa, MasterCard Strike Back at Swipe-Fee Settlement Foes
--Visa and MasterCard ask judge to rule its practices aren't anticompetitive --Companies say move is necessary to prevent "wasteful litigation" --Deadline for merchants to opt out of pending settlement is May 28 (Updated with details on First Data objection in the 16th and 17th paragraphs.) By Andrew R. Johnson Visa Inc... More...>> |
| 05/24/2013 | 5:15PM | DJN | Visa, MasterCard Strike Back at Swipe-Fee Settlement Foes
By Andrew R. Johnson Visa Inc. (V) and MasterCard Inc. (MA) are firing back at retail trade groups trying to derail a pending $7.25 billion settlement over so-called merchant swipe fees. The world's largest payment networks asked a federal judge Friday to rule that their practices for setting fees paid by merchants that... More...>> |
| 05/24/2013 | 1:24PM | DJN | BofA Seeks Buyers for New York, Pennsylvania Branches -Bloomberg
Bank of America Corp. (BAC) is seeking buyers for about 40 branches located in rural southeastern New York and northeastern Pennsylvania, Bloomberg News reported Friday, citing people with knowledge of the matter. The offices hold about $1 billion in deposits and could fetch between $20 million to $30 million, one of the... More...>> |
| 05/23/2013 | 3:46PM | DJN | Target, Macy's and Others Sue Visa and MasterCard Over Fees
By Andrew R. Johnson Some of the country's biggest retailers sued Visa Inc. (V) and MasterCard Inc. (MA) Thursday, arguing the world's largest payment networks have imposed anticompetitive transaction-fee policies and card-acceptance rules on merchants. The lawsuit, brought by Target Corp. (TGT), Macy's Inc. (M), Saks... More...>> |
| 05/23/2013 | 2:30PM | ZACKS | Ball Corp. Ends Senior Notes Offering - Analyst Blog
Ball Corporation (BLL) has announced the completion of the previously announced underwritten public offering of 4% senior notes worth $1 billion, due 2023. Ball will use the proceeds from the offering to pay accrued and unpaid interest. Ball Corp., which belongs to the containers and packaging industry, also intends to... More...>> |
| 05/23/2013 | 1:33PM | BW | Bank of America to Participate in the Sanford C. Bernstein 29th Annual Strategic Decisions Conference
Bank of America Chief Executive Officer Brian Moynihan will participate in the Sanford C. Bernstein 29th Annual Strategic Decisions Conference in New York on Thursday, May 30, 2013 at 2 p.m. Eastern Time. A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com... More...>> |
| 05/23/2013 | 11:00AM | BW | Bank of America Merrill Lynch Launches Controlled Account in Mexico
Bank of America Merrill Lynch, a global provider of custody and agency services, today announced that it has launched Cuenta Controlada (Controlled Account) services in Mexico for Mexican pesos and U.S. dollar transactions. The new offering is an important addition to the suite of transaction services available to clients... More...>> |
| 05/23/2013 | 10:19AM | DJN | STREET MOVES: Merrill Hires 6 Brokers From Wells Fargo, Morgan Stanley
By Corrie Driebusch NEW YORK--Six financial advisers who in all manage more than $600 million in client assets have joined Merrill Lynch from the retail brokerage arms of Wells Fargo & Co. (WFC) and Morgan Stanley (MS). The moves took place in the last month, Merrill Lynch said. Among the advisers was Michael Dolle... More...>> |
| 05/22/2013 | 3:29PM | DJN | U.S. Capital-Equipment Financing Up 23% in April-Survey
By Bob Tita A survey of credit providers showed that loans and leases for business equipment in the U.S. rose 23% in April from a year ago, as companies went on their largest buying spree of the year so far. Respondents to the Equipment Leasing and Finance Association's monthly survey published Thursday said they financed... More...>> |
| 05/22/2013 | 2:27PM | ZACKS | Who Wants to Keep "Too Big to Fail" Alive? - Analyst Blog
Jamie Dimon has been allowed to continue as both chairman and CEO of JPMorgan Chase & Co. (JPM). Many would argue that the fight to retain both titles has been a costly one for Dimon. It leaves his reputation tarnished as a primary spokesperson for Wall Street. It also draws attention to the issues that continue to... More...>> |
| 05/22/2013 | 2:25PM | DJN | Ahern Noteholders Nervous About Double Fee on Exit Loan
By Joseph Checkler Ahern Rentals Inc.'s second-lien noteholders are nervous about the possibility of paying duplicate fees to lenders in light of a bankruptcy-exit loan being provided by Jefferies LLC. In a Tuesday filing with the U.S. Bankruptcy Court in Reno, Nev., the noteholders said that while Ahern has indicated... More...>> |
| 05/22/2013 | 1:22PM | ZACKS | Debt-Ceiling Alarm Bell Tolls - Analyst Blog
With the $16.4 trillion debt ceiling getting restored on May 19, alarm bells have started tolling across the country to address this highly politicized and polarizing issue to give it a fresh lease of life. However, calming the frayed nerves, the U.S. Treasury has confirmed recently that higher-than-expected tax receipts... More...>> |
| 05/22/2013 | 11:25AM | ZACKS | Goldman Exits Stake in ICBC - Analyst Blog
Wall Street biggie – The Goldman Sachs Group Inc. (GS) is reducing its exposure to the Chinese economy. The company is selling nearly $1.1 billion worth of shares that it holds in Beijing-based Industrial & Commercial Bank of China Ltd. (ICBC). With this, Goldman will complete its final stake sell in the company... More...>> |
| 05/21/2013 | 4:07PM | DJN | UPDATE: Wal-Mart, Costco, Other Merchants Push Back Against Swipe-Fee Settlement
--19 merchants say they are objecting to and opting out of a pending settlement with Visa and MasterCard --Group says settlement strips merchants of their legal rights --Payments trade group says it is confident move will not prevent settlement from receiving final approval (Updated with National Retail Federation announcement... More...>> |
| 05/21/2013 | 3:49PM | DJN | 2nd UPDATE: LPL to Pay $9 Million for Email Failures, Misstatements to Finra
--Finra orders LPL to pay $9 million for email issues, company's largest ever fine --"LPL situation is at the top of the heap for misconduct regarding emails and record keeping," securities-arbitration lawyer says --Issue comes as LPL as expanded significantly over past few years (Adds information on arbitration claims... More...>> |
| 05/21/2013 | 2:45PM | DJN | Wal-Mart, Costco And Other Merchants Push Back Against Swipe-Fee Settlement
By Andrew R. Johnson A group of 19 large retailers including Wal-Mart Stores Inc. (WMT), Costco Wholesale Corp. (COST) and Starbucks Corp. (SBUX) are opting out of a pending class-action settlement with Visa Inc. (V) and MasterCard Inc. (MA), potentially setting the stage for more battles over transaction-processing fees... More...>> |
| 05/21/2013 | 10:02AM | BW | Bank of America Assisted 366,000 Customers With National Mortgage Settlement Programs Through March 31
Less than a year after beginning implementation of principal reduction and other consumer relief programs under the National Mortgage Settlement (NMS), Bank of America completed and approved assistance to about 320,000 customers totaling $29.2 billion in aggregate relief across all settlement programs through March 31... More...>> |
| 05/21/2013 | 9:00AM | BW | High Net Worth Investors Refocus on Growth but Overlook Family, Health & Retirement Risks, Finds U.S. Trust 2013 Insights on ...
U.S. Trust 2013 Insights on Wealth and Worth found that family health has emerged as the new risk to family wealth. Long-term care and out-of-pocket healthcare costs, combined with financial support for extended family, are weighing heavily on families, particularly women and younger generations, yet are risks to wealth... More...>> |
| 05/21/2013 | 8:56AM | BW | Bank of America Announces Preferred Stock Public Offering
Bank of America Corporation today announced an underwritten public offering of depositary shares, each representing a 1/25th interest in a share of its Non-Cumulative Perpetual Preferred Stock, Series U, with a liquidation preference of $25,000 per share (equivalent to $1,000 per depositary share). BofA Merrill Lynch will... More...>> |
| 05/20/2013 | 4:50PM | ZACKS | JPMorgan to Face Dexia Lawsuit Again - Analyst Blog
The U.S. District Judge Jed Rakoff has revoked his earlier order to dismiss a major portion of the lawsuit filed by Brussels based Dexia N.V./S.A against JPMorgan Chase & Co. (JPM). The lawsuit accused JPMorgan of deliberately selling risky mortgage-backed securities (MBS) worth $1.6 billion to Dexia during the housing... More...>> |
