Banking & Financial Services

First reported 22 hours ago - Updated 45 mins ago - 3 reports

Day, Palmer share Deutsche Bank lead

Jason Day has fired a three-under 68 to be equal first after the Deutsche Bank Championship second round. ... [Published Herald Sun - 45 mins ago]
First reported 14 hours ago - Updated 1 hour ago - 9 reports

Essar sells Kenya telecom biz, completes exit from industry

Essar on Saturday said that it has sold its telecom business in Kenya to Safaricom and Airtel for around $120 million. The deal marks the exit of Essar from the telecom business, having started the process in 2010 with the sale of its telecom tower business ... [Published Millennium Post - 4 hours ago]
First reported Aug 29 2014 - Updated 10 hours ago - 20 reports

Confusion surrounds Alibaba’s IPO launch date

Alibaba’s long awaited U.S. initial public offering is drawing near.Since the e-commerce giant filed for an IPO back in May , analysts have speculated that the offering could be the largest in U.S. history; surpassing Facebook’s $16 billion.The IPO was ... [Published Venturebeat - 10 hours ago]
First reported Aug 29 2014 - Updated 22 hours ago - 11 reports

Morgan Stanley Plans to Build CNG Export Facility in Texas

MS NGL JPM GSYou have chosen to follow this author. You will receive an email notification when this author publishes a new article. Click submit to continue.You are alredy following the AuthorThe Author could not be added at this time, please try again ... [Published Zacks.com - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 12 reports

Bank of America wants verdict thrown out in ‘Hustle’ case

Bank of America is asking a federal judge to throw out a jury verdict that found it liable for fraud over mortgages sold by Countrywide Financial Corp. In court filings Thursday, the Charlotte bank requested a judgment in its favor or a new trial, after ... [Published Charlotte Observer - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 11 reports

3 Cybersecurity Firms To Watch Amid JP Morgan Breach

The FBI is reportedly investigating[1] computer hacking attacks against several big U.S. banks, including the largest in the country, JP Morgan Chase (NYSE: JPM[2]), and whether or not Russia is involved.  What do these events mean for investors of cybersecurity ... [Published DailyMe.Com - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 9 reports

A Cyberattack Could Crash Our Banking System At Any Time

NYSE:JPM, NYSE:C Related posts: Banking Sector Is Growing Its Dividends Fast [Bank of America Corp, Citigroup Inc, Wells Fargo & Co, JPMorgan Chase & Co.] Banking On Dividends From The Financial Sector [Citigroup Inc, Bank of America Corp, Wells Fargo ... [Published Renewable Energy World - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 6 reports

JP Morgan's security breach points to broader issues in cyber security

Recent revelations surrounding hacker attacks infiltrating JPMorgan Chase & Co. It turns out that protecting an institution full of personally identifiable information is more complex than just having a good cybersecurity team. Hackers were able to unleash ... [Published Austin American Statesman - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 6 reports

National Australia bank subsidiary files for US IPO

:16:46 A A- A+ Great Western Bancorp Inc, the US subsidiary of National Australia Bank Ltd filed with US regulators on Thursday for an initial public offering. Reuters reported earlier on Thursday that NAB, Australia's No. 4 lender by market value, ... [Published Financial Express Bangladesh - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 16 reports

US banks hit by cyber attacks

JPMorgan and other financial institutions may have been attacked, although the scope is not knownJPMorgan is investigating a possible cyber attack on its systems and is working with the FBI to work out how severe it was.Further reports say that up to ... [Published IT Pro UK - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 7 reports

[I-bank focus]Daiwa lowers Anton Oilfield (03337) to HK$3.1

] Daiwa Research lowered its target price for AntonOilfield Services (03337) to HK$3.1 from HK$3.75, and maintained its "underperform"rating.The research house said Anton Oil's reported 1H net missed significantly, on higher taxrate and depreciation, ... [Published etnet.com.hk - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 6 reports

[I-bank focus]JP Morgan cuts Sunfonda (01771) to HK$3.2

] JP Morgan cut its target price for Sunfonda(01771) to HK$3.2 from HK$4, and downgraded the stock from "neutral" to "underweight".The research house said Sunfonda's 1H results exhibited signs of the same challengesfacing all auto dealers in China in ... [Published etnet.com.hk - Aug 29 2014]

Quotes

"However even after paying for the bank fees, the bank failed to clear the loan amount. Finally when the complainant approached the bank asking for a clarification for the same, the bank officials claimed that they had misplaced the loan file and hence the loan was not cleared" reads the complainant's version
...intervention in New Normal markets, the New York Fed's preferred "intermediary" of choice to, how should one say, boost investor sentiment aka " protect from a plunge ", is none other than Chicago HFT powerhouse, Citadel . Recently we discovered that the true culprit behind the May 2010 Flash Crash was not Waddell & Reed, but quote stuffing . The most recent revelation for Citadel is that quote stuffing is not just some byproduct of some "innocuous" HFT strategy, as none other than the Nasdaq has now stated on the record, that the most leveraged hedge fund (at 9x regulatory to net assets ), and the third largest after Bridgewater and Millennium , used quote stuffing as a "trading strategy." The following 2 clips give a sense of what goes on from day to day inside the firm that trades more volume than the NYSE every day..."
...He pointed out that this college has a glorious history and known for its quality teaching in past. "We must strive hard to make its present even better than the past" the VC said
...connections and networks arise from UK creatives and their contemporaries in Africa, and Connect ZA Creative Futures is part of that ambition. "We're excited to share the new creative energy of Johannesburg with this group of innovators." says Tom

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Industry consent must for DICs merger with AKVN... [Published The Freepress Journal - 7 mins ago]
Who’s Paying Corporate Taxes? Definitely Not Co... [Published Congress.org - 14 mins ago]
Bank told to pay Rs1 relief over loan bungle [Published DNA India - 18 mins ago]
James Swanson named vice president, loan office... [Published St Augustine Herald - 20 mins ago]
A Rare Glimpse Inside The NY Fed's Favorite 'Qu... [Published Zero Hedge - 36 mins ago]
Day, Palmer share Deutsche Bank lead [Published Herald Sun - 45 mins ago]
Exclusive to the Trib: Export-Import Bank ‘bene... [Published Pittsburgh Tribune Review - 49 mins ago]
Top residential, commercial real estate deals o... [Published Pittsburgh Tribune Review - 54 mins ago]
Motihari college students protest, VC’s car dam... [Published Times of India - 56 mins ago]
MAM College holds lecture [Published Daily Excelsior.com - 56 mins ago]
Andrew Ogilvie: Boycott corporate tax evaders [Published Modesto Bee - 58 mins ago]
British council creative futures [Published Biz Community - 1 hour ago]
CBN, Citibank, GBF reward outstanding entrepren... [Published The Nation Nigeria - 1 hour ago]
Banks to make consumer protection norms [Published The Gulf Today - 1 hour ago]
Bloomberg predicts the next bank bailout [Published Daily Kos - 1 hour ago]
Sequoia's $12M Funding For Aussie Startup Sets ... [Published DailyMe.Com - 1 hour ago]
Oman banks savings, deposits rise [Published Saudi Gazette - 1 hour ago]
ECB refinancing, big draw for banks seeking che... [Published Daily Newswatch - 1 hour ago]
CAG flags irregularities in 4G bank guarantees [Published The Sunday Guardian - 1 hour ago]
New York Flaunts Clout In Review Of Comcast Deal [Published Huffington Post - 1 hour ago]
Teams Leisure Travel Agencies buys new bus [Published New Sarawak Tribune - 1 hour ago]
Diamond Bank, MTN mega partnership for customer... [Published Business Day Nigeria - 2 hours ago]
Charles Krauthammer: Lower corporate tax rates ... [Published U-T San Diego - 2 hours ago]
Libor fines to help fund veteran accommodation ... [Published itv.com - 2 hours ago]
Sampath Bank Wins Silver For Best Web 2014 [Published Sri Lanka Sunday Leader - 2 hours ago]
Jason Day leads Deutsche Bank Championship [Published Herald Sun - 2 hours ago]
Omni and BodyPlex merge to keep Athens fit [Published OnlineAthens - 2 hours ago]
American National and MainStreet BankShares to ... [Published Burlington Times-News - 2 hours ago]
Woman seriously injured after call rolls down b... [Published ONE News - 2 hours ago]
Editorial: Upgrade schools with bond issues [Published Ventura County Star - 2 hours ago]
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Blogs

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What does national security have to do with the... [Published Engadget - Jan 30 2014]
Lenovo's planned acquisition of Motorola's mobile phone business will likely be reviewed by the Committee on Foreign Investment in the US (CFIUS), the government agency that makes sure foreign investments don't impact national security. Though the deal ...
Citigroup Will Replace Affected Debit Cards Fro... [Published Wall St. Cheat Sheet - Jan 16 2014]
Reuters  reported Thursday that  Citigroup   ( NYSE:C ) has confirmed that it will replace all customer debit cards involved in the data breach suffered by  Target Corp. ( NYSE:TGT )   this past November and December. Citi spokesperson Elizabeth Fogarty ...
Anonymous hackers plead guilty in PayPal hack, ... [Published SlashGear - Dec 07 2013]
The Department of Justice announced today that thirteen members of the hacker collective Anonymous have pled guilty to involvement in a PayPal cyberattack. The cyberattack took place back in 2010, and happened in the form of a Distributed Denial of Service ...
JPMorgan Gets Hacked: How Secure Are Financial ... [Published Wall St. Cheat Sheet - Dec 05 2013]
It’s no surprise that financial institutions are the target of cyber-attacks. The data networks of financial institutions arguably house the most valuable information that a malicious hacker could seek, such as Social Security numbers and credit card ...
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Press Releases

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Lockton Expands Environmental Risk Management E... [Published PR Newswire - Feb 03 2014]
McGraw-Hill Education Agrees to Acquire Engrade... [Published PR Newswire - Feb 03 2014]
Endo Completes Acquisition of Specialty Generic... [Published PR Newswire - Feb 03 2014]
United Community Bancorp Announces Stock Repurc... [Published PR Newswire - Feb 03 2014]
Bristow Group To Present At The 2014 Credit Sui... [Published PR Newswire - Jan 31 2014]
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