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Fed says some were underpaid in U.S. foreclosure settlement
ReutersWASHINGTON, May 8 (Reuters) - A multi-bank settlement with regulators over past foreclosure abuses ran into new problems when some borrowers received smaller checks than they should have, the Federal Reserve said on Wednesday. Some 4.2 million people are...Tags: Federal Reserve, Wells Fargo & Co., JPMorgan Chase & Co., Citigroup Incorporated, Elijah E. Cummings
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Fed says some were underpaid in foreclosure settlement
ReutersWASHINGTON (Reuters) - A multi-bank settlement with regulators over past foreclosure abuses ran into new problems when some borrowers received smaller checks than they should have, the Federal Reserve said on Wednesday. Some 4.2 million people are...Tags: Bank of America Corp., Wells Fargo & Co., Federal Reserve, Office of the Comptroller of the Currency, JPMorgan Chase & Co.
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Mexicano Televisa dice coloca bono global por 6,500 mln pesos
ReutersMEXICO DF, 7 mayo (Reuters) - El gigante mexicano de medios de comunicación Televisa dijo el martes que colocó un bono global a 30 años por 6,500 millones de pesos (unos 540 millones de dólares), a una tasa de 7.25 por ciento. Televisa dijo en un...Tags: Citigroup Incorporated, HSBC Holdings plc, Deutsche Bank AG, Thomson Corporation
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Tone uncertain for US high-grade despite rallies, data
ReutersBy John Balassi May 8 (IFR) - Market tone is relatively muted early on Wednesday, despite better than expected trade data from China and German industrial production recording the best print in over a year - not to mention the red-hot rally in equities....Tags: Finance, DAX, Germany, Economy, Business and Finance, Japan
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ON THE MOVE-Morgan Stanley lands advisers from Stifel, Wells
ReutersMay 7 (Reuters) - Morgan Stanley Wealth Management, the largest U.S. brokerage and majority-owned by Morgan Stanley , has expanded its adviser force in New York and Tennessee with veteran hires from brokerages Wells Fargo Advisors and Stifel, Nicolaus &...Tags: Wells Fargo & Co., Stifel Financial Corporation, Citigroup Incorporated
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Long-term investors bet on commodity currencies falling
Reuters* Commodity currencies could see erosion of big gains since 2008 * Fund managers see falls in Australian, Canadian, NZ dlrs * Some see Aussie as low as $0.95, CAD at C$1.05 in a year By Jessica Mortimer LONDON, May 7 (Reuters) - The Australian,...Tags: Petroleum Industry, Money and Monetary Policy, Finance, China, Weight
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Four issuers add to busy US high-yield pipeline
ReutersBy Rachelle Kakouris May 7 (IFR) - Four junk-rated companies joined a burgeoning new issue pipeline on Tuesday as borrowers look to take advantage of record low rates. With the S&P 500 hitting yet another fresh high, and high-yield testing fresh lows...Tags: Petroleum Industry, Books, Gastar Exploration Limited, Finance, BNP Paribas
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ON THE MOVE-UBS Wealth adviser joins Morgan Stanley in Florida
ReutersBy Ashley Lau May 7 (Reuters) - A veteran broker from UBS AG's Wealth Management Americas division has moved to rival brokerage Morgan Stanley Wealth Management, joining the company's office in West Palm Beach, Florida. Robbie DeRooy, who has worked...Tags: Bank of America Corp., Wells Fargo & Co., Citigroup Incorporated, UBS AG, Palm Beach (Palm Beach, Florida)
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JPMorgan's Saudi chief leaves for central bank job
ReutersBy Dinesh Nair DUBAI, May 7 (Reuters) - JPMorgan Chase Inc confirmed on Tuesday that its top banker for Saudi Arabia, Abdulaziz Al Helaissi, is leaving to take a position with Saudi Arabia's central bank. Two banking sources said that Al Helaissi...Tags: Petroleum Industry, Government, Politics, Executive Branch, JPMorgan Chase & Co.
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MOVES-American Express, Castle Trust, Stifel Nicolaus
ReutersMay 7 (Reuters) - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email to moves@thomsonreuters.com. AMERICAN EXPRESS The credit card company said Chief Financial Officer Daniel Henry...Tags: Finance, Financial and Business Services, American Express Company, Economy, Business and Finance, Raymond James Financial Incorporated
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Four high-yield deals price in US market; GM Financial on tap
ReutersBy Joy Ferguson NEW YORK, May 7 (IFR) - The US high-yield market was active on Tuesday with four deals pricing worth US$1.625bn and another USD2.5bn deal from GM Financial on deck. GM Financial pushed forward the pricing on its upsized USD2.5bn triple-...Tags: Finance, iStar Financial Inc., Atlas Pipeline Partners LP, Prices, Economy, Business and Finance
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U.S. RESEARCH ROUNDUP: AIG, Yahoo, Gap, BroadSoft
ReutersMay 7 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including AIG, Gap, TJX and Yahoo, on Tuesday. HIGHLIGHTS * Yahoo : Stifel raises price target to $31 from $27; rating * Retail:...Tags: Macy's, Nike, Inc., Gastar Exploration Limited, Finance, Cabot Oil & Gas Corporation
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