All Posts Tagged With: "LYG"
(GS) Goldman Acquires Ariel Reinsurance
On Tuesday, The Goldman Sachs Group Inc. (GS) completed the purchase of Ariel Reinsurance’s Bermuda-based insurance and reinsurance operations from Ariel Holdings Ltd. The terms of this deal were undisclosed.
Goldman...
(GS) The Goldman Sachs Group to Buy Ariel Reinsurance
The Goldman Sachs Group Inc. (GS) is working seriously on its acquisition and global expansion strategies. Last week, the company announced that it is planning to purchase Ariel Reinsurance’s Bermuda-based...
(EU) Foreign Banks Stock Update – March 2012 – Industry Outlook
Foreign banks have been facing difficulties non-stop since the latest financial crisis, which triggered off as a credit issue in the sub-prime enclave of the U.S. mortgage market in mid-2007, and spilled all over the globe. The latest deterrents –– nagging macroeconomic...
(BAC) Standard & Poor’s Downgrades Giant Wall Street Banks
On Tuesday, Standard & Poor’s (S&P) lowered its credit ratings for many U.S. and European banks. Out of 37 banks reviewed by S&P, ratings for 15 were downgraded, ratings remained unchanged for 20 and the remaining 2 were awarded upgraded ratings.
The...
(HBC) HSBC Holdings to Divest Its Losango Unit
On Thursday, Financial Times reported that HSBC Holdings Plc (HBC) is planning to sell its Losango consumer finance unit in Brazil, in yet another attempt to shed its non-core assets and improve efficiency.
Presently,...
(BAC) Company News for July 15, 2011 – Corporate Summary
• Share prices of ConocoPhillips (NYSE:COP) increased 1.63% after the board of directors authorized the division of the energy company into two publicly traded firms
• Maker of chips for mobiles, PC’s...
(UBS) Non-U.S. Banks Stock Update – July 2011 – Industry Outlook
Backed by worldwide regulatory reform, the global banking industry is currently going through a transformation phase. Though the growth potential of some non-U.S. banks could be subdued due to higher reserve requirements, increased property taxes and strict lending limits...
(CPO) Company News for July 01, 2011 – Corporate Summary
• Shares of Cell Therapeutics, Inc. (NASDAQ:CTIC) declined by 19.64% after the cancer drug developer said it was selling Series 13 preferred stock worth $30 million
• Vitamin maker USANA Health Sciences...
(AKRX) Company News for June 07, 2011 – Corporate Summary
• Share prices of home nursing provider Amedisys, Inc.(NASDAQ:AMED) fell 7.41% after CRT Capital reduced its earnings estimates for fiscal 2011
• According to Canaccord Genuity, data from a trial of...
(BCS) Seven European Banks Fail Stress Tests
Europe stress-test results are out and only seven banks were found to be incapable of enduring another recession. However, no major banks have failed the test. The findings of the stress test that covered around 91 banks — accounting for 65% of the banking market in...
($RBS) Outlook for the Non-U.S. Banks Industry
Starting as a credit issue in the subprime segment of the U.S. mortgage market, the worst financial crisis since the Great Depression has now spread to almost the entire global financial services industry. However, we believe that the worst of the global financial crisis is...
(SAN) Non-US Banks Stock Review – December 2009 – Zacks Analyst Interviews
Starting as a credit issue in the subprime segment of the U.S. mortgage market, the worst financial crisis since the Great Depression spread to almost the entire financial services industry and all corners of the globe. However, we believe that the worst of the global financial...
(SAN) Non-U.S. Banks Stock Review – Dec. ’09 – Industry Outlook
Starting as a credit issue in the subprime segment of the U.S. mortgage market, the worst financial crisis since the Great Depression spread to almost the entire financial services industry and all corners of the globe. However, we believe that the worst of the global financial...
(BK) Bank of New York Mellon Corporation Completes Acquisitions
Yesterday, the Bank of New York Mellon Corporation (BK) completed two acquisitions – Insight Investment Management Limited and Pinnacle Arbitrage Compliance.
It...
($CS) Non-U.S. Banks – Zacks Analyst Interviews
In general, we believe it is still a bit early to get involved with non-US bank stocks as the fundamental outlook remains weak — asset quality will continue to deteriorate as individuals and companies default on loans, and revenues should continue to fall as loan growth...