Clik here to view.
Deals
First Niagra Financial Group is selling 37 HSBC Bank locations to KeyCorp. for $110 million and Raymond James Financial is purchasing Morgan Keegan from Regions Financial for $930 million in stock....
View ArticleClik here to view.
SEC Approves NYSE Deal
The Securities and Exchange Commission on Wednesday approved the proposed merger of NYSE Euronext and Deutsche Börse AG, adding to U.S. authorizations of a deal seen likely to be nixed by European...
View ArticleClik here to view.
Over 40 States Agree to Robo-Signing Deal With Mortgage Companies
Is there finally going to be a deal between state and federal governments and big banks over mortgage shenanigans? Now that California and New York may be on board with the other 40+ plus states who...
View ArticleClik here to view.
Capital One’s Deal for ING Direct Still in Limbo
The Federal Reserve on Monday again declined to announce the fate of Capital One’s $9 billion takeover of ING Direct USA, the second delay in the last week. “The board considered the application at...
View ArticleClik here to view.
ING a new Capital-One?
ING customers have been up in arms over the recent acquisition of the exclusively online Dutch bank by consumer giant Capital One. Many have been fearful that the attractive (and cheap) policies of...
View ArticleClik here to view.
Fed Raises Bar For Bank Deals
U.S. regulators eventually gave the green light to the $9 billion merger of Capital One Financial Corp. and ING Direct in a key test of the financial rules-of-the-road since the Dodd-Frank Act. But...
View ArticleClik here to view.
Deutsche Bank, Guggenheim Discuss Asset-Management Deal
Deutsche Bank AG moved closer to unloading the bulk of its flagging asset-management operation, entering exclusive talks to sell the businesses to Guggenheim Partners LLC. The divisions up for sale,...
View ArticleClik here to view.
Pension Fund to Vote Against Kinder Morgan-El Paso Deal
One of the nation’s largest public pension funds said Wednesday that it would vote to block Kinder Morgan‘s $21 billion takeover of the El Paso Corporation, citing a lack of transparency and conflicts...
View ArticleClik here to view.
Cooperation in insider trading case leads to probation for former Lehman broker
If you want to avoid jail than cooperation is the key. Former Lehman Brothers broker Matthew Devlin received three years probation after giving prosecutors “noteworthy” assistance in an insider...
View ArticleClik here to view.
Iran pushes nuclear deal as U.S. lawmaker aims to stop it
Iran’s pragmatist government tried on Wednesday to sell its nuclear agreement with world powers to hardliners at home, just as a U.S. Congressional leader promised to do “everything possible” to sink...
View Article
