Banking industry
General Electric Company (GE) has signed a sale agreement with Sankaty Advisors, a credit affiliate of Bain Capital, for the sale of its commercial lending and leasing portfolios in Australia and New Zealand. The transaction includes about $1.7 billion in ending net investment (ENI) and is expected to contribute
Banking industry
Barclays PLC has agreed to shell out $94 million in settlement, becoming the first of the eleven accused banks in the U.S. antitrust litigation to resolve the case. The plaintiffs, including the California State Teachers' Retirement System (CalSTRS), alleged that the defendants breached the Sherman Act by conniving
Banking industry
A sharp decline in capital market activities, oil prices, and government spending across the Middle East region is expected to slow down economic growth, resulting in a significant decline in investment banking earnings. The investment banking divisions of many banks in the region are facing the prospect of restructuring and
Banking industry
Asian markets were mixed following hints of a potential rate hike in December by the U.S. Federal Reserve, despite weak corporate earnings and lower crude oil prices. Stocks in Europe were trading lower, with major indices down 0.5-1.5 percent. In the U.S., stock futures were weaker
Banking industry
On October 23, 2015, 32 companies received downgrade recommendations from various analysts, affecting numerous sectors and industries. This list includes a diverse range of companies, from technology and healthcare to finance and consumer goods. Each downgrade was issued by a different investment bank or research firm, highlighting the breadth of
Banking industry
Wall Street analysts have spoken, and their verdict is out: 25 stocks are facing downgrades across various sectors. From pharmaceuticals to industries, the list of downgraded stocks is long and diverse. AstraZeneca, a British-Swedish multinational pharmaceutical company, tops the list, downgraded to Underperform from Neutral at Credit Suisse. Other notable
Banking industry
Shares of well-known companies such as Dunkin Brands, Facebook, and Wal-Mart have recently undergone significant rating changes, with both upgrades and downgrades issued by prominent financial institutions. TheStreet reports that these changes reflect shifting market expectations and analysts' updates on company performance. Key Takeaways: * Dunkin Brands was downgraded from
Banking industry
Wall Street took a turn for the worse midday as Wal-Mart's disappointing earnings warning overshadowed reports from the nation's biggest banks. The retail giant's shares plummeted nearly 10% after the company revealed plans that will cut into its earnings over the next few fiscal
Banking industry
A total of 22 companies received ratings from financial analysts on October 8, 2015, in a flurry of initiations from various firms. Top names included Chipotle, DISH, and Williams-Sonoma among others. The ratings varied across a range of buy, hold, and underperform designations. Key Takeaways: * 15 companies were initiated with
Banking industry
On October 5, 2015, major downgrades were issued by prominent analysts for various companies in the market. The downgrades were announced through news wires and reflected changes in market sentiment and analyst estimates. Among the key downgrades, AK Steel was reduced to Hold from Buy at Deutsche Bank, while Applied
Banking industry
At the upcoming 2015 Bank of America Chicago Marathon, Abbott, the Official Sponsor of the event, will once again demonstrate its commitment to helping people achieve their goals through good health. Marathons showcase that when people are at their healthiest, they can accomplish remarkable things, and Abbott's sponsorship
Banking industry
The United States Department of Justice has announced that an additional 1,461 service members and their co-borrowers will receive over $186 million in compensation for home foreclosures under the National Mortgage Settlement (NMS) and an earlier settlement with Bank of America. This brings the total number of eligible service
