| Date | Time | Source | |
| 05/16/2012 | 1:15PM | DJN | Ecuador's Banks Post 7% Rise In 1Q Profit To $94.7 Million
Twenty-five private banks operating in Ecuador, plus the state-run Banco del Pacifico, posted a combined $94.7 million net profit in the first quarter, up 7% from $88.7 million in the same period last year, the country's banking regulator said Wednesday. Banco del Pichincha CA (PCH.GU), Banco del Pacifico, Banco de Guayaquil... More...>> |
| 05/16/2012 | 11:50AM | ZACKS | Citi & AA Launch New Travel Cards - Analyst Blog
Once again, Citigroup, Inc. (C) and American Airlines (also known as AA), a subsidiary of AMR Corporation (AAMRQ) tied up to launch a new travel benefit card - theCitiBusiness/ AAdvantage World MasterCard. The card would help small business owners save money and get maximum benefits from travel spending. Card Benefits... More...>> |
| 05/16/2012 | 8:00AM | ZACKS | NYSE Shoved Off LME Bid - Analyst Blog
The Financial Times reported that the US derivative exchange giant – NYSE Euronext Inc. (NYX) has been pushed out of the London Metal Exchange (LME) buyout battle owing to its low bid price. However, other potential buyers – Hong Kong Stock Exchange, CME Group Inc. (CME) and IntercontinentalExchange Inc. (ICE... More...>> |
| 05/16/2012 | 6:41AM | DJN | UPDATE: Liquidity Strained As Forex Traders Head For Safety
Jerky shifts in exchange rates could lie ahead as a Greece-inspired rush into the safe-haven dollar prompts some traders to warn that liquidity in the foreign-exchange market is suffering. The buck rose across the board Wednesday, pushing other major currencies lower and hammering emerging-market currencies as investors... More...>> |
| 05/16/2012 | 5:26AM | DJN | Georgian Railway Announces Price Range For May London IPO
Georgian Railway LLC Wednesday announced the price range for an initial public offering of shares on the London Stock Exchange later this month, paving the way for plans to become the world's first publicly-quoted, state-controlled monopoly railroad. Georgian Railway is aiming to raise between $200 million and $250 million... More...>> |
| 05/16/2012 | 5:06AM | ZACKS | Stock Market News for May 16, 2012 - Market News
Investors had to stomach the benchmarks’ eighth fall in ten days yesterday, as lingering political uncertainty in Europe intensified its negative impact on the financial arena. The Dow closed at a four-month low and the S&P 500 recorded its third-consecutive day of losses. Investors were so focused on these concerns... More...>> |
| 05/16/2012 | 4:30AM | ZACKS | The Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Wells Fargo, Citigroup and US Bank - Press Releases
For Immediate Release Chicago, IL – May 16, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include JPMorgan Chase (JPM... More...>> |
| 05/15/2012 | 6:54PM | DJN | Ackman's Pershing Square Slashes Kraft Stake By Nearly 27%
Bill Ackman's Pershing Square Capital Management L.P. reported a significantly reduced stake in Kraft Foods Inc. (KFT), while keeping his other holdings largely unchanged. Ackman, a value investor who often accumulates sizeable stakes in companies to push for management and operational changes, reported a concentrated... More...>> |
| 05/15/2012 | 6:31PM | DJN | First FHFA Suit Against Big Banks To Go To Trial In Fall 2013
UBS AG (UBS) will go to trial in the fall of 2013 with the regulator for Fannie Mae (FNMA) and Freddie Mac (FMCC), the first of more than a dozen lawsuits the agency filed against big banks last year to be heard in federal court. Each case will be will be tried individually, U.S. District Court Judge Denise Cote wrote... More...>> |
| 05/15/2012 | 6:27PM | DJN | RBS's U.S. Bank Subsidiary Wants To Grow Student Lending
Many students looking for a college loan have a new choice: RBS Citizens Financial Group. The U.S. banking subsidiary of Royal Bank of Scotland Group PLC (RBS, RBS.LN) is expanding its student lending business beyond the 12 states where it has bank branches--an expansion that coincides with some banks pulling back from... More...>> |
| 05/15/2012 | 2:56PM | DJN | Goldman, Citi $1.5 Billion CMBS May Price Wider Than Recent Issue
The largest portion of the $1.46 billion commercial mortgage-backed securities set for sale this week from a trio of dealers may price slightly wider than the most recent CMBS last month, suggesting a bout of global risk aversion is taking some toll on the market, investors said. The top 10-year "A4" class of the bond... More...>> |
| 05/15/2012 | 9:20AM | BW | Citi and American Airlines Announce the New CitiBusiness® / AAdvantage® World MasterCard®
Providing new benefits that save money and deliver more American Airlines AAdvantage® miles to small business owners, Citi and American Airlines are introducing the new CitiBusiness® / AAdvantage® World MasterCard®. Business owners who get the new card will earn two AAdvantage® miles for every $1 in American Airlines... More...>> |
| 05/15/2012 | 5:06AM | ZACKS | Stock Market News for May 15, 2012 - Market News
Markets suffered a heavy fall yesterday as political uncertainty in Europe continued and China’s economic health looked gloomier than previously perceived. Financial bellwether JPMorgan’s disclosure that it had suffered a $2 billion trading loss remained an overhang on the markets and dragged down financials... More...>> |
| 05/15/2012 | 1:10AM | DJN | Citi Names Usman Ahmed As Philippines Corporate, Investment Banking Head
Citigroup Inc. (C) said Tuesday it has appointed Usman Ahmed as its corporate and investment banking head for the Philippines. Ahmed, who rejoined Citigroup last year after three years with Barclays Capital, will replace Kristine Braden, who has been appointed as the global subsidiaries group head for Europe, the bank... More...>> |
| 05/14/2012 | 3:50PM | BW | Citi Launches Advertising Campaign for First Ever Sponsorship of U.S. Olympic and Paralympic Teams
Today, Citi, the official bank sponsor of the 2012 U.S. Olympic and Paralympic Teams, unveiled a national advertising and marketing campaign that is the largest and most integrated U.S. sponsorship campaign in the company’s history. The campaign, which features 13 Olympic and Paralympic qualifiers, hopefuls and alumni... More...>> |
| 05/14/2012 | 11:01AM | ZACKS | Financials Feel the Pain - Real Time Insight
We talked on the roundtable this morning about the JPM trading debacle. But let's go a little deeper and talk a little about what the trading situation could mean for other financials. So far we see that this means nothing but bad news for other financials, with Citigroup taking it on the chin today for... More...>> |
| 05/14/2012 | 9:00AM | BW | Profit & Loss Names CitiFX Pro Best Retail Platform for Margin FX Trading for Third Consecutive Year
Profit & Loss, a leading foreign exchange publication that specializes in covering the global currency and derivatives markets, has named CitiFX Pro Best Retail Platform for margin FX trading for the third consecutive year. The award cited CitiFX Pro’s flexibility of functionality, the provision of give-ups via a commission-based... More...>> |
| 05/14/2012 | 5:06AM | ZACKS | Stock Market News for May 14, 2012 - Market News
Markets experienced another gloomy day on Friday as JPMorgan Chase disclosed it had suffered a $2 billion trading loss in a span of only six weeks. The financials bore the brunt and dragged the benchmarks along, also ensuring weekly losses for them. Separately, a couple of good economic reports could hardly make any impact... More...>> |
| 05/14/2012 | 4:30AM | ZACKS | The Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs and Citigroup - Press Releases
For Immediate Release Chicago, IL – May 14, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include JPMorgan Chase (JPM... More...>> |
| 05/13/2012 | 8:00PM | ZACKS | Super Models With Fat Tails - Cook`s Kitchen
Everybody it seems wants to break up the big commercial banks who use customer deposits to play fast and loose in derivatives markets. But we hear few good arguments other than "they tend to lose a lot of money" and "they pose risk to the financial system." I am going to give you a nearly irrefutable argument: Once a bank... More...>> |