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	<title>Stock Blog Hub &#187; Deutsche Bank AG</title>
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	<link>http://www.stockbloghub.com</link>
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		<title>(MTU) Mitsubishi UFJ Financial Group Seeks to Acquire Morgan Stanley Trust Business</title>
		<link>http://www.stockbloghub.com/2013/05/16/mtu-mitsubishi-ufj-financial-group-seeks-to-acquire-morgan-stanley-trust-business/135149</link>
		<comments>http://www.stockbloghub.com/2013/05/16/mtu-mitsubishi-ufj-financial-group-seeks-to-acquire-morgan-stanley-trust-business/135149#comments</comments>
		<pubDate>Thu, 16 May 2013 20:01:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Care Investment Trust Inc.]]></category>
		<category><![CDATA[CRE]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Mitsubishi UFJ Financial Group Inc]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[MTU]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=135149</guid>
		<description><![CDATA[In order to expand its operations, Japan-based Mitsubishi UFJ Financial Group, Inc.’s (MTU) U.S.-based subsidiary – UnionBanCal Corporation – is seeking to acquire the rights to sell trust-banking services to Morgan Stanley’s (MS) clients. The proposed business to be acquired offers trust services for approximately $4 billion worth of client assets. The trust services business offers fiduciary and administrative services for high net worth clients who plan to set up personal trusts. Morgan Stanley will continue to manage the client assets, while Mitsubishi UFJ will earn fees from the sale of trust services to the clients. Mitsubishi UFJ’s primary intention behind the proposed deal is to augment revenues to somewhat offset the persistent lower loan demand in Japan. The company has been growing inorganically over the last few years. Earlier ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2013/05/16/mtu-mitsubishi-ufj-financial-group-seeks-to-acquire-morgan-stanley-trust-business/135149/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(USB) U.S. Bancorp Enters Deal With Deutsche Bank AG For Municipal Bond Trustee</title>
		<link>http://www.stockbloghub.com/2013/04/01/usb-u-s-bancorp-enters-deal-with-deutsche-bank-ag-for-municipal-bond-trustee/131035</link>
		<comments>http://www.stockbloghub.com/2013/04/01/usb-u-s-bancorp-enters-deal-with-deutsche-bank-ag-for-municipal-bond-trustee/131035#comments</comments>
		<pubDate>Mon, 01 Apr 2013 19:20:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Midwest Banks]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Mitsubishi UFJ Financial Group Inc]]></category>
		<category><![CDATA[MTU]]></category>
		<category><![CDATA[UMB Financial Corporation]]></category>
		<category><![CDATA[UMBF]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=131035</guid>
		<description><![CDATA[U.S. Bank National Association – the lead bank of U.S. Bancorp (USB) – entered into a definitive agreement to obtain Deutsche Bank AG’s (DB) municipal bond trustee unit. The deal is anticipated to be completed in the third quarter of this year. The agreement will expand the reach of U.S. Bank’s global corporate trust business, which has presence in CA, MS, NY, TN and TX. The transaction will add roughly $57 billion in assets to U.S Bank’s existing $3 trillion of assets under administration, managed by the bank’s corporate trust division. The deal with Deutsche Bank will add an additional 1,100 contracts to the roughly 125,000 trust and agency contracts currently held by the bank. Management at U.S. Bank believes that the acquisition is a step forward in augmenting its ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2013/04/01/usb-u-s-bancorp-enters-deal-with-deutsche-bank-ag-for-municipal-bond-trustee/131035/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(UBS) Foreign Banks Stock Outlook &#8211; February 2013 &#8211; Zacks Analyst Interviews</title>
		<link>http://www.stockbloghub.com/2013/02/28/ubs-foreign-banks-stock-outlook-february-2013-zacks-analyst-interviews/129596</link>
		<comments>http://www.stockbloghub.com/2013/02/28/ubs-foreign-banks-stock-outlook-february-2013-zacks-analyst-interviews/129596#comments</comments>
		<pubDate>Thu, 28 Feb 2013 18:03:25 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[Banco Latinoamericano de Exportaciones SA]]></category>
		<category><![CDATA[Banco Macro S.A.]]></category>
		<category><![CDATA[Banco Santander-Chile]]></category>
		<category><![CDATA[Bancolombia S.A.]]></category>
		<category><![CDATA[Bank of Montreal]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BBVA Banco Frances S.A.]]></category>
		<category><![CDATA[BCA]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[BFR]]></category>
		<category><![CDATA[BLX]]></category>
		<category><![CDATA[BMA]]></category>
		<category><![CDATA[BMO]]></category>
		<category><![CDATA[Canadian Imperial Bank of Commerce]]></category>
		<category><![CDATA[CIB]]></category>
		<category><![CDATA[CM]]></category>
		<category><![CDATA[CorpBanca S.A.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HDB]]></category>
		<category><![CDATA[HDFC Bank Limited]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[IBN]]></category>
		<category><![CDATA[ICICI Bank Limited]]></category>
		<category><![CDATA[KB]]></category>
		<category><![CDATA[Kookmin Bank]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[MFG]]></category>
		<category><![CDATA[Mitsubishi UFJ Financial Group Inc]]></category>
		<category><![CDATA[Mizuho Financial Group Inc.]]></category>
		<category><![CDATA[Moody's Corporation]]></category>
		<category><![CDATA[MTU]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[SAN]]></category>
		<category><![CDATA[SHG]]></category>
		<category><![CDATA[Shinhan Financial Group Company Limited]]></category>
		<category><![CDATA[TD]]></category>
		<category><![CDATA[Toronto-Dominion Bank]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=129596</guid>
		<description><![CDATA[In order to plan the path to future growth, banks all over the world are seeking new strategies to lessen the regulatory burden. Almost every bank has its focus on capital efficiency. And most of the foreign banks are adopting reconstruction-by-asset-sale strategies to strengthen their capital ratios. Self-protective efforts are significantly helping these banks to stay afloat, though at the cost of moderating top and bottom-line growth. Moreover, the industry remains thwarted by non-stop challenges that are keeping its performance muted. The latest deterrents, nagging macroeconomic issues &#8212; the European sovereign debt crisis in particular &#8212; and regulatory pressures, are continuously taking a toll on the financials of many banks, resulting in the sector’s underperformance. As growth remains the primary focus of central banks, interest rates are not expected to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2013/02/28/ubs-foreign-banks-stock-outlook-february-2013-zacks-analyst-interviews/129596/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) Should Too-Big-to-Fail Banks Be Carved Up?</title>
		<link>http://www.stockbloghub.com/2013/02/01/jpm-should-too-big-to-fail-banks-be-carved-up/127303</link>
		<comments>http://www.stockbloghub.com/2013/02/01/jpm-should-too-big-to-fail-banks-be-carved-up/127303#comments</comments>
		<pubDate>Fri, 01 Feb 2013 17:29:39 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=127303</guid>
		<description><![CDATA[Richard Fisher has once again sounded a familiar clarion call: &#8220;Too big to fail” cannot be a principle the US financial system continues to abide by. Speaking at the National Press Club in Washington on Wednesday, the Federal Reserve Bank of Dallas President said the Dodd-Frank legislation had done little to alleviate several of the issues that confront the financial system. He went on to add that if anything, the law had made things even worse. The current scheme of things is such that in the absence of a bailout we would be faced with the collapse of the financial system as we know it. He went on to emphasize the need to split banking behemoths into smaller units. Bank concentration has increased significantly over the years, particularly from 1970 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2013/02/01/jpm-should-too-big-to-fail-banks-be-carved-up/127303/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SAP) SAP Beats Fourth Quarter Estimates</title>
		<link>http://www.stockbloghub.com/2013/01/25/sap-sap-beats-fourth-quarter-estimates/126992</link>
		<comments>http://www.stockbloghub.com/2013/01/25/sap-sap-beats-fourth-quarter-estimates/126992#comments</comments>
		<pubDate>Fri, 25 Jan 2013 15:13:19 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Application Software]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BMC]]></category>
		<category><![CDATA[BMC Software Inc]]></category>
		<category><![CDATA[Compuware Corporation]]></category>
		<category><![CDATA[CPWR]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[GSE Systems Inc]]></category>
		<category><![CDATA[GVP]]></category>
		<category><![CDATA[Nike Inc.]]></category>
		<category><![CDATA[NKE]]></category>
		<category><![CDATA[SAP]]></category>
		<category><![CDATA[Sap Ag]]></category>
		<category><![CDATA[Symantec Corporation]]></category>
		<category><![CDATA[SYMC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=126992</guid>
		<description><![CDATA[SAP (SAP) reported fourth quarter and full year 2012 results. Earnings per share for the quarter were €1.14 ($1.47), up 7.0% year over year and 16.7% above the Zacks Consensus Estimate of $1.26 a share. Profits during the quarter were driven by delivering specific industry solutions strategic investments in its flagship innovation SAP HANA. SAP also has one of the best cloud portfolios for its clients in the industry. Total revenue was €5.0 billion ($6.51 billion) in the fourth quarter of 2012, up 11% year over year on constant currency. Revenue by Segment Software &#38; Could Subscriptions Revenue (41.4% of 4Q12 revenue): This segment includes Software and Maintenance revenue. The segment revenue in the quarter was €1.93 billion ($2.5 billion), up 8% year over year in constant currency. Support Revenue ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2013/01/25/sap-sap-beats-fourth-quarter-estimates/126992/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MS) Morgan Stanley to Cut 1,600 Jobs</title>
		<link>http://www.stockbloghub.com/2013/01/16/ms-morgan-stanley-to-cut-1600-jobs/125984</link>
		<comments>http://www.stockbloghub.com/2013/01/16/ms-morgan-stanley-to-cut-1600-jobs/125984#comments</comments>
		<pubDate>Wed, 16 Jan 2013 16:21:19 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Diversified Investments]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=125984</guid>
		<description><![CDATA[On Wednesday, Morgan Stanley (MS) became the latest Wall Street biggie to announce job cuts. Starting this week, it is planning to retrench 1,600 workers. However, the news does not come as a surprise since many other global banks have been doing the same over the last few years. The market instability and weakening revenue sources prompted the company to take this decision for reducing costs. The job elimination will take place in Morgan Stanley’s Institutional Securities segment. This will represent about 6% of the segment’s total workforce. Notably, nearly 50% of the reduction will be made in the U.S. Employees at all levels – sales persons, traders and investment bankers – are about to receive pink slips. Also, support staff in areas such as technology will be in the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2013/01/16/ms-morgan-stanley-to-cut-1600-jobs/125984/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CSIQ) Canadian Solar and SunEdison in Solar Power Deal</title>
		<link>http://www.stockbloghub.com/2013/01/01/csiq-canadian-solar-and-sunedison-in-solar-power-deal/125047</link>
		<comments>http://www.stockbloghub.com/2013/01/01/csiq-canadian-solar-and-sunedison-in-solar-power-deal/125047#comments</comments>
		<pubDate>Wed, 02 Jan 2013 00:16:12 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Semiconductor - Specialized]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Canadian Solar Inc.]]></category>
		<category><![CDATA[CSIQ]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[MEMC Electronic Materials Inc.]]></category>
		<category><![CDATA[WFR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=125047</guid>
		<description><![CDATA[One of the world&#8217;s largest solar companies, Canadian Solar Inc. (CSIQ) has acquired majority interest in two utility-scale solar power projects from SunEdison Power Canada Inc. (&#8220;SunEdison&#8221;), a subsidiary of MEMC Electronic Materials Inc. (WFR) for $38 million. Located in Ontario, these two plants have a total capacity of approximately 24 MW DC. These two projects have received Renewal Energy Approvals and are scheduled to begin construction in early 2013 and are expected to be on line by late 2013. Subject to certain conditions, the company has the option to buy two additional utility-scale solar power projects in Ontario with a total capacity of approximately 22.5 MW DC. Per the agreement, Canadian Solar can also purchase a fifth solar project from SunEdison in the future. The additional three projects, however, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2013/01/01/csiq-canadian-solar-and-sunedison-in-solar-power-deal/125047/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) AIG Sells Entire Stake in AIA</title>
		<link>http://www.stockbloghub.com/2012/12/20/aig-aig-sells-entire-stake-in-aia/124134</link>
		<comments>http://www.stockbloghub.com/2012/12/20/aig-aig-sells-entire-stake-in-aia/124134#comments</comments>
		<pubDate>Thu, 20 Dec 2012 16:16:51 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIA]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[iShares S&P Asia 50 Index]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=124134</guid>
		<description><![CDATA[Yesterday, American International Group Inc. (AIG) announced its plan to sell the remaining 13.69% stake in its Asian wing – AIA Group Limited (AIA) – for $6.45 billion. The company’s holding in AIA has been traded to a group of institutional investors. AIG priced its present stake of 1.65 billion shares held in AIA for HK$30.30 (about US$3.91) per share. On Monday, AIA closed at HK$30.65 at the Hong Kong Stock Exchange, reflecting a discount of 1.1%. Initially, the deal was promoted in the range of HK$29.65–30.65 a share. The transaction is slated to close on December 20, 2012, subject to fulfillment of regulatory compliance. AIG appointed Goldman Sachs Group Inc. (GS) and Deutsche Bank AG (DB) as the joint-managers, while Citigroup Inc. (C), JPMorgan Chase &#38; Co. (JPM) and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/12/20/aig-aig-sells-entire-stake-in-aia/124134/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) JPMorgan Chase Sees No End to Legal Woes</title>
		<link>http://www.stockbloghub.com/2012/12/18/jpm-jpmorgan-chase-sees-no-end-to-legal-woes/123949</link>
		<comments>http://www.stockbloghub.com/2012/12/18/jpm-jpmorgan-chase-sees-no-end-to-legal-woes/123949#comments</comments>
		<pubDate>Tue, 18 Dec 2012 18:08:08 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=123949</guid>
		<description><![CDATA[JPMorgan Chase &#38; Co. (JPM) continues to be in sticky waters as litigation issues arising from the sale of mortgage backed securities (MBS) by Bear Stearns &#38; Co. – acquired in 2008 – seem to be never ending. Now, the U.S. regulator for credit unions – National Credit Union Administration (NCUA) – has sued its unit, J.P. Morgan Securities, for misrepresentation in the underwriting and sale of MBS worth over $3.6 billion. The aforesaid MBS were sold to U.S. Central, Western Corporate, Southwest Corporate and Members United Corporate federal credit unions. Later, these four became insolvent and were placed under NCUA conservatorship and then liquidated due to losses from these risky MBS. Allegations JPMorgan has been accused by NCUA of issuing misleading statements and omitting important details from the offering ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America in New Legal Tussle</title>
		<link>http://www.stockbloghub.com/2012/12/17/bac-bank-of-america-in-new-legal-tussle/123830</link>
		<comments>http://www.stockbloghub.com/2012/12/17/bac-bank-of-america-in-new-legal-tussle/123830#comments</comments>
		<pubDate>Mon, 17 Dec 2012 17:38:12 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[Rambus Inc.]]></category>
		<category><![CDATA[RMBS]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=123830</guid>
		<description><![CDATA[Last week, DZ Bank AG, a German lender, filed a lawsuit against Bank of America Corporation (BAC), for misrepresentation of documents while selling mortgage-backed securities (MBS). The lodged complaint indicts BofA of presenting modified documents related to the sale of over $546 million in residential mortgage-backed securities (RMBS). The Allegation The German lender accused BofA of issuing misleading statements with omissions related to MBS and concealment of risks associated with these securities. The plaintiff claims that the documents used for offering the securities contained fraudulent statements or omissions regarding the risks associated with the investments. Misinterpretation of these risks led to the investments, which incurred losses at current levels. The case has been filed in the New York State Supreme Court in Manhattan and the company demands compensation for the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/12/17/bac-bank-of-america-in-new-legal-tussle/123830/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(AIG) Fed to Wind Up AIG Stake for $7.6B</title>
		<link>http://www.stockbloghub.com/2012/12/17/aig-fed-to-wind-up-aig-stake-for-7-6b/123450</link>
		<comments>http://www.stockbloghub.com/2012/12/17/aig-fed-to-wind-up-aig-stake-for-7-6b/123450#comments</comments>
		<pubDate>Mon, 17 Dec 2012 17:28:00 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=123450</guid>
		<description><![CDATA[American International Group Inc. (AIG) is in the final leg of its government bailout loan repayment as the US Federal Reserve (Fed) announced the sale of the remaining 15.9% ownership in the company. This also indicates a sooner-than-expected complete liberation. Accordingly, the leftover 234.2 million shares are priced at $32.50 a share, for a total amount being about $7.61 billion. However, the Fed will continue to retain the warrants in order to buy AIG stock in the future. Moreover, it is yet to be known if the shares will be sold in the open market or it will be purchased by the company. Meanwhile, BofA Merrill Lynch of Bank of America Corp. (BAC), Deutsche Bank AG (DB), Goldman Sachs Group Inc. (GS), JPMorgan Chase &#38; Co. (JPM) and Citigroup Inc. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/12/17/aig-fed-to-wind-up-aig-stake-for-7-6b/123450/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(C) Citigroup to Slash 11,000 Jobs</title>
		<link>http://www.stockbloghub.com/2012/12/07/c-citigroup-to-slash-11000-jobs/122975</link>
		<comments>http://www.stockbloghub.com/2012/12/07/c-citigroup-to-slash-11000-jobs/122975#comments</comments>
		<pubDate>Fri, 07 Dec 2012 22:22:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=122975</guid>
		<description><![CDATA[Citigroup Inc. (C) has come up with the decision to restructure its operations, which will ultimately result in over 11,000 layoffs. The decision comes as Citi counters the fall in its revenue via certain expense reduction initiatives. Aimed at increasing the efficiency of the company’s overall business, the move includes streamlining operations as well as optimizing footprints across geographies. Encouragingly, this will result in expense savings of $900 million in the year ahead. Moreover, the annual cost savings is projected to surpass $1.1 billion beginning 2014. However, this comes with an upfront cost. The restructuring, which will take place across a number of the company’s businesses, will lead to a pre-tax charge of approximately $1 billion in the fourth quarter of 2012 and about $100 million of associated charges in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/12/07/c-citigroup-to-slash-11000-jobs/122975/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BCS) Barclays to Exit Crop Trading Biz?</title>
		<link>http://www.stockbloghub.com/2012/12/04/bcs-barclays-to-exit-crop-trading-biz/122257</link>
		<comments>http://www.stockbloghub.com/2012/12/04/bcs-barclays-to-exit-crop-trading-biz/122257#comments</comments>
		<pubDate>Wed, 05 Dec 2012 06:12:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=122257</guid>
		<description><![CDATA[Barclays Plc. (BCS) is contemplating a retreat from trading in agriculture commodities, according to a Reuters report. The move comes as the company gears up for a strategic revamp of its overall business as well as to avoid any threat to its reputation. Notably, trading in agricultural commodities has received much criticism in the recent years as the speculation activity has been blamed for a shoot up of prices. This has had severe consequences in the undeveloped countries, leading politicians as well as common people to raise their voices in protest. As a matter of fact, a number of scandals has hit hard Barclays in recent times, most notable being the payment of a penalty for manipulating Libor rates earlier this year. However, to recoup its lost reputation amidst a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/12/04/bcs-barclays-to-exit-crop-trading-biz/122257/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(UBS) UBS AG Contemplates 10,000 Layoffs</title>
		<link>http://www.stockbloghub.com/2012/11/28/ubs-ubs-ag-contemplates-10000-layoffs/118537</link>
		<comments>http://www.stockbloghub.com/2012/11/28/ubs-ubs-ag-contemplates-10000-layoffs/118537#comments</comments>
		<pubDate>Wed, 28 Nov 2012 21:23:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=118537</guid>
		<description><![CDATA[UBS AG (UBS) is likely to make 10,000 job cuts, according to a report in the Financial Times. The layoffs are part of the company’s efforts to reorganize its business and split its investment bank. The details are expected to come up this week. According to the report, UBS will pool a significant part of its fixed income trading business into a non-core unit, which would be led by Carsten Kengeter, a co-head of the investment bank. In due course, this unit would be wound down. As a result, the investment bank unit would shrink and be comprised of equities trading, foreign exchange and advisory activities. The layoffs represent around one-sixth of the company’s total staff strength as of June 2012. It is also over and above the 3,500 job ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/11/28/ubs-ubs-ag-contemplates-10000-layoffs/118537/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(DB) Deutsche Bank Posts Profit and Revenues Up</title>
		<link>http://www.stockbloghub.com/2012/11/27/db-deutsche-bank-posts-profit-and-revenues-up/118671</link>
		<comments>http://www.stockbloghub.com/2012/11/27/db-deutsche-bank-posts-profit-and-revenues-up/118671#comments</comments>
		<pubDate>Tue, 27 Nov 2012 17:20:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=118671</guid>
		<description><![CDATA[Aided by improved performance at its investment bank unit, Deutsche Bank AG’s (DB) net income attributable to its shareholders came in at €747 million ($935 million) in third quarter 2012, up 3% from €725 million in the prior-year quarter. On a per share basis, the company reported earnings per share of €0.78 in the reported quarter, ahead of €0.74 reported in the year-ago period. The quarterly results reflect enhanced revenues. Particularly, the performance in its Corporate Banking and Securities segment, improved significantly as market conditions bettered and client activity increased. However, the positives were mostly offset by costs related to restructuring efforts and litigation issues and this almost neutralized the year-over-year increase. Moreover, Deutsche Bank continues with its efforts to de-risk its balance sheet. It implemented strategic measures in the ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America Entangled in Residential Mortgage Backed Securities Case Again</title>
		<link>http://www.stockbloghub.com/2012/11/20/bac-bank-of-america-entangled-in-residential-mortgage-backed-securities-case-again/119426</link>
		<comments>http://www.stockbloghub.com/2012/11/20/bac-bank-of-america-entangled-in-residential-mortgage-backed-securities-case-again/119426#comments</comments>
		<pubDate>Tue, 20 Nov 2012 16:41:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Rambus Inc.]]></category>
		<category><![CDATA[RMBS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=119426</guid>
		<description><![CDATA[Bloomberg reported that Brussels-based Royal Park Investments SA/NV – set up in 2009 by Fortis Bank SA/NV, the Belgian state and BNP Paribas SA (BNPQY) – has sued Bank of America Corporation (BAC) for the losses it incurred from investments in risky residential mortgage backed securities (RMBS). Royal Park alleged that BofA made false representations while selling RMBS worth more than $1.6 billion. Though the lawsuit against BofA was filed in New York State Supreme Court in Manhattan on October 26, the court disclosed the news on Monday as it was closed last week due to Hurricane Sandy. As per the court filings, Royal Park is seeking damages exceeding $713 million for the losses incurred. Royal Park charged BofA of issuing misleading statements regarding underwriting standards that were used while ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BCS) Foreign Banks Stock Outlook &#8211; November 2012 &#8211; Zacks Analyst Interviews</title>
		<link>http://www.stockbloghub.com/2012/11/03/bcs-foreign-banks-stock-outlook-november-2012-zacks-analyst-interviews/118837</link>
		<comments>http://www.stockbloghub.com/2012/11/03/bcs-foreign-banks-stock-outlook-november-2012-zacks-analyst-interviews/118837#comments</comments>
		<pubDate>Sat, 03 Nov 2012 19:06:47 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[Banco Latinoamericano de Exportaciones SA]]></category>
		<category><![CDATA[Banco Santander-Chile]]></category>
		<category><![CDATA[Bancolombia S.A.]]></category>
		<category><![CDATA[Bank of Montreal]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[BLX]]></category>
		<category><![CDATA[BMO]]></category>
		<category><![CDATA[BNS]]></category>
		<category><![CDATA[Canadian Imperial Bank of Commerce]]></category>
		<category><![CDATA[CIB]]></category>
		<category><![CDATA[CM]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HDB]]></category>
		<category><![CDATA[HDFC Bank Limited]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[Itau Unibanco Holding Sa]]></category>
		<category><![CDATA[ITUB]]></category>
		<category><![CDATA[KB]]></category>
		<category><![CDATA[Kookmin Bank]]></category>
		<category><![CDATA[Lloyds Banking Group plc]]></category>
		<category><![CDATA[LYG]]></category>
		<category><![CDATA[MFG]]></category>
		<category><![CDATA[Mizuho Financial Group Inc.]]></category>
		<category><![CDATA[Royal Bank of Canada]]></category>
		<category><![CDATA[RY]]></category>
		<category><![CDATA[SAN]]></category>
		<category><![CDATA[SHG]]></category>
		<category><![CDATA[Shinhan Financial Group Company Limited]]></category>
		<category><![CDATA[TD]]></category>
		<category><![CDATA[The Bank Of Nova Scotia]]></category>
		<category><![CDATA[Toronto-Dominion Bank]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[WisdomTree Dreyfus Euro]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=118837</guid>
		<description><![CDATA[Just as banks worldwide are focusing more on capital efficiency, most foreign banks have been adopting reconstruction-by-asset-sale strategies to strengthen their capital ratios and lower leverage. Self-protective efforts have been significantly helping these banks to stay afloat, but at the cost of moderating top and bottom line growth. Moreover, the industry remains thwarted by non-stop challenges that are keeping its performance muted. The latest deterrents, nagging macroeconomic issues &#8212; the European sovereign debt crisis in particular &#8212; and regulatory pressures, are continuously causing the sector’s underperformance. As growth remains the primary focus of central banks, interest rates are not expected to increase at least in the next couple of years as inflation is not a major concern for most of the countries other than a few emerging markets. Thus, banks ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/11/03/bcs-foreign-banks-stock-outlook-november-2012-zacks-analyst-interviews/118837/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(HBC) Fitch Affirms Ratings of 12 Global Trading and Universal Banks</title>
		<link>http://www.stockbloghub.com/2012/10/18/hbc-fitch-affirms-ratings-of-12-global-trading-and-universal-banks/115940</link>
		<comments>http://www.stockbloghub.com/2012/10/18/hbc-fitch-affirms-ratings-of-12-global-trading-and-universal-banks/115940#comments</comments>
		<pubDate>Thu, 18 Oct 2012 18:14:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[Validus Holdings Limited]]></category>
		<category><![CDATA[VR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=115940</guid>
		<description><![CDATA[Providing great relief to the financial sector, Fitch Ratings has reiterated the long and short term Issuer Default Rating (IDR) of 12 Global Trading and Universal Bank (GTUB) peer group (formed last October and includes 13 major securities trading and universal banks). Only the review of HSBC Holdings plc’s (HBC) ratings is yet to be completed, which would be done in the forthcoming two months. The GTUBs whose ratings have been affirmed are – JPMorgan Chase &#38; Co. (JPM), Bank of America Corporation (BAC), The Royal Bank of Scotland Group plc (RBS), Credit Suisse Group (CS), Morgan Stanley (MS), UBS AG (UBS), Barclays PLC (BCS), BNP Paribas SA (BNPQY), Citigroup Inc. (C), Deutsche Bank AG (DB), The Goldman Sachs Group Inc. (GS) and Societe Generale Group (GLE.PA). Moreover, Fitch has ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG)  American International Group Unit Announces New Credit Facility</title>
		<link>http://www.stockbloghub.com/2012/10/15/aig-american-international-group-unit-announces-new-credit-facility/116308</link>
		<comments>http://www.stockbloghub.com/2012/10/15/aig-american-international-group-unit-announces-new-credit-facility/116308#comments</comments>
		<pubDate>Mon, 15 Oct 2012 17:56:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[Royal Bank of Canada]]></category>
		<category><![CDATA[RY]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=116308</guid>
		<description><![CDATA[To enhance the size as well as terms of its unsecured revolving credit facility, International Lease Finance Corporation (ILFC) – a part of the aircraft leasing wing of American International Group, Inc. (AIG) – has replaced its old credit facility with a new $2.3 billion committed unsecured revolving credit facility. The credit facility will be used to borrow funds for general corporate needs of the company. ILFC had entered the old facility worth $2 billion in January 2011. Ten major banks – Citibank of Citigroup Inc. (C), Bank of America Corp. (BAC), JPMorgan Chase &#38; Co. (JPM), Barclays Bank of Barclays Plc (BCS), Morgan Stanley (MS), Royal Bank of Canada (RY), Credit Suisse Group(CS), Deutsche Bank AG (DB), The Goldman Sachs Group Inc. (GS) and UBS AG (UBS) – are ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/10/15/aig-american-international-group-unit-announces-new-credit-facility/116308/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group&#8217;s AIA to Buy ING Malaysia</title>
		<link>http://www.stockbloghub.com/2012/10/12/aig-american-international-groups-aia-to-buy-ing-malaysia/116035</link>
		<comments>http://www.stockbloghub.com/2012/10/12/aig-american-international-groups-aia-to-buy-ing-malaysia/116035#comments</comments>
		<pubDate>Fri, 12 Oct 2012 21:18:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIA]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[ING Groep NV]]></category>
		<category><![CDATA[iShares S&P Asia 50 Index]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=116035</guid>
		<description><![CDATA[Earlier this week, American International Group Inc.’s (AIG) Asian wing – AIA Group Limited (AIA) – announced its pact with Dutch Insurer – ING Groep NV (ING) –to acquire the latter’s insurance operation in Malaysia. The deal is valued at €1.3 billion ($1.7 billion) and is expected to culminate by the first quarter of 2012, depending on receipt of regulatory approvals. Armed with 1.6 million customers and 9,200 agents, ING Malaysia offers life, general, and Islamic insurance products across the south-east Asia. Hence, the acquisition will enable AIA to top the rapidly growing Malaysian market in terms of total premiums, raising the contribution of Malaysia in AIA’s new business to 10% from the present 6%. Going forward, insurers also anticipate life insurance premiums in Malaysia to grow by 5.5% next ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/10/12/aig-american-international-groups-aia-to-buy-ing-malaysia/116035/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DB) Fresh Claims Against Deutsche Bank</title>
		<link>http://www.stockbloghub.com/2012/10/09/db-fresh-claims-against-deutsche-bank/114342</link>
		<comments>http://www.stockbloghub.com/2012/10/09/db-fresh-claims-against-deutsche-bank/114342#comments</comments>
		<pubDate>Tue, 09 Oct 2012 18:33:34 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=114342</guid>
		<description><![CDATA[Troubles emanating from mortgage backed securities are far from over for Deutsche Bank AG (DB). A trustee for mortgage-bond investors has charged one of the units of Deutsche Bank for over $183 million in faulty loans underlying the securities, according to a Bloomberg report. The trustee, HSBC Bank of the HSBC Holdings Plc. (HBC), has alleged that DB Structured Products has violated its pledge regarding the quality of loans that were clubbed together and securitized. HSBC is looking for an order that would result in buyback of loans by DB Structured Products. As a matter of fact, last month, DB Structured Products was sued by Federal Housing Finance Agency (FHFA) over mortgage backed securities, according to a Bloomberg report. In a court filing, FHFA alleged that Deutsche Bank’s unit violated ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/10/09/db-fresh-claims-against-deutsche-bank/114342/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MET) MetLife Vends $1B Notes</title>
		<link>http://www.stockbloghub.com/2012/10/09/met-metlife-vends-1b-notes/114355</link>
		<comments>http://www.stockbloghub.com/2012/10/09/met-metlife-vends-1b-notes/114355#comments</comments>
		<pubDate>Tue, 09 Oct 2012 18:31:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Life Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife Inc.]]></category>
		<category><![CDATA[Moody's Corporation]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[RBC]]></category>
		<category><![CDATA[Regal-Beloit Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=114355</guid>
		<description><![CDATA[Yesterday, MetLife Inc. (MET) sold callable notes worth approximately $1.0 billion in a two-part offering that were scheduled for remarketing and settlement in 2012, according to Reuters. Previously, the notes were issued as senior debentures worth $1.0 billion, which were due to mature in 2023. The senior debentures then comprised of 40 million common equity shares of the company issued to AM Holdings LLC – a subsidiary of American International Group Inc. (AIG) – in connection with the acquisition of American Life Insurance Co. (ALICO) from the latter. Presently, the first set of $500 million 5-year notes is issued at $100.5119, while it bears a coupon rate of 1.756% and yield of 1.67%. The notes are callable 50 basis points (bps) and carry a spread of 105 bps over the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/10/09/met-metlife-vends-1b-notes/114355/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America to Redeem $5.1 Billion Trust-preferred Securities</title>
		<link>http://www.stockbloghub.com/2012/10/05/bac-bank-of-america-to-redeem-5-1-billion-trust-preferred-securities/115116</link>
		<comments>http://www.stockbloghub.com/2012/10/05/bac-bank-of-america-to-redeem-5-1-billion-trust-preferred-securities/115116#comments</comments>
		<pubDate>Sat, 06 Oct 2012 03:39:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[The Bank of New York Mellon Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=115116</guid>
		<description><![CDATA[Bank of America Corporation (BAC) has announced redemption of nearly $5.1 billion worth of trust-preferred securities (TruPS). The efforts to trim the company’s long-term debt stems from the new rules set by the Basel III norms, which do not recognize TruPS that have features of both equity and debt as Tier 1 common equity. The redemption of TruPS involves redemption of Capital securities and Floating Rate Preferred securities. Capital securities worth nearly $4 billion will be redeemed on November 5, 2012 whereas redemption of $10 million worth of Floating rate securities is scheduled for November 15, 2012. BofA stated that the redemption of TruPS would be in the range of 100%–102% of the liquidation amount. The redemption amount will also include accrued and unpaid distributions until the redemption date arrives. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/10/05/bac-bank-of-america-to-redeem-5-1-billion-trust-preferred-securities/115116/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CS) Credit Suisse Group Sued Over Mortgage Backed Securities Sale</title>
		<link>http://www.stockbloghub.com/2012/10/05/cs-credit-suisse-group-sued-over-mortgage-backed-securities-sale/115118</link>
		<comments>http://www.stockbloghub.com/2012/10/05/cs-credit-suisse-group-sued-over-mortgage-backed-securities-sale/115118#comments</comments>
		<pubDate>Sat, 06 Oct 2012 03:38:59 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Liberty All Star Equity Fund]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[USA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=115118</guid>
		<description><![CDATA[Credit Suisse Group (CS) seems to be in sticky waters with litigation issues arising from the sale of mortgage backed securities (MBS). The U.S. regulator for credit unions has sued its unit, Credit Suisse Securities (USA), for misrepresentation in the underwriting and sale of MBS worth over $715 million to three credit unions &#8212; U.S. Central Federal Credit Union, Western Corporate Federal Credit Union, and Southwest Corporate Federal Credit Union, which collapsed later. The Allegation Credit Suisse has been accused by the U.S. regulator for credit unions &#8212; National Credit Union Administration (NCUA) of issuing misleading statements and omitting important details from the offering documents of the MBS in question. This led to obscurity regarding the risks associated with the MBS when they were sold. The credit unions perceived them ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/10/05/cs-credit-suisse-group-sued-over-mortgage-backed-securities-sale/115118/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Investment Banking Fee Woes Continues</title>
		<link>http://www.stockbloghub.com/2012/10/02/bac-investment-banking-fee-woes-continues/114589</link>
		<comments>http://www.stockbloghub.com/2012/10/02/bac-investment-banking-fee-woes-continues/114589#comments</comments>
		<pubDate>Tue, 02 Oct 2012 17:10:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=114589</guid>
		<description><![CDATA[According to Reuters, global investment banks are facing declining investment banking fee income, bearing the brunt of the amplifying Eurozone crisis. Thus, concerns have crept up in the slothful stock market momentum. According to the source, global investment banking fee income fell 3.8% in the third quarter of 2012 to $15.5 billion from $16.1 billion in the year-ago period. Plummeting fees resulted from a decline in share sale activities. Additionally, income from equity capital markets deals dropped 31% to $9.6 billion for the nine months ended 2012, representing the slowest period since 2003. Major investment banks – including Bank of America Corporation (BAC), JPMorgan Chase &#38; Co. (JPM), The Goldman Sachs Group Inc. (GS), Credit Suisse Group (CS), Barclays PLC (BCS), Deutsche Bank AG (DB) – are expected to feel ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/10/02/bac-investment-banking-fee-woes-continues/114589/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) Chesapeake Lodging Trust to Offer Shares</title>
		<link>http://www.stockbloghub.com/2012/09/18/jpm-chesapeake-lodging-trust-to-offer-shares/112378</link>
		<comments>http://www.stockbloghub.com/2012/09/18/jpm-chesapeake-lodging-trust-to-offer-shares/112378#comments</comments>
		<pubDate>Tue, 18 Sep 2012 17:27:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Host Hotels & Resorts Inc.]]></category>
		<category><![CDATA[HST]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=112378</guid>
		<description><![CDATA[Chesapeake Lodging Trust (CHSP), a real estate investment trust (REIT),  has recently announced its decision to offer $5.5 million shares to enhance its liquidity. The company has also decided to grant the underwriters a 30-day option to purchase up to an additional 0.8 million shares. Chesapeake intends to use the net proceeds from the offering to fund developments as well as future acquisitions of hotels, to repay debt under its revolving credit facility, and for general working capital purposes. J.P. Morgan Securities LLC, part of J.P Morgan Chase &#38; Co. (JPM); Wells Fargo Securities LLC, part of Wells Fargo &#38; Company (WFC); and Deutsche Bank Securities Inc, part of Deutsche Bank AG (DB) are the joint book running managers for the offering. Subsequent to the end of second quarter 2012, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/09/18/jpm-chesapeake-lodging-trust-to-offer-shares/112378/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group to Raise $2 Billion from AIA Stock Sale</title>
		<link>http://www.stockbloghub.com/2012/09/18/aig-american-international-group-to-raise-2-billion-from-aia-stock-sale/111706</link>
		<comments>http://www.stockbloghub.com/2012/09/18/aig-american-international-group-to-raise-2-billion-from-aia-stock-sale/111706#comments</comments>
		<pubDate>Tue, 18 Sep 2012 17:24:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIA]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[iShares S&P Asia 50 Index]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=111706</guid>
		<description><![CDATA[In an attempt to repay the government bailout loan, American International Group Inc. (AIG) announced its plan to sell a part of its stake in its Asian wing – AIA Group Limited (AIA) – for $2.0 billion. Accordingly, AIG has offered about 591.9 million of its AIA shares at a price of HK$26.50 (approximately US$3.42) per share, thereby raising $2.0 billion in gross proceeds. The price per share is pegged at a premium of 0.8% to AIA’s closing price of HK$26.30 yesterday. The sale is expected to be culminated by September 11, 2012. Meanwhile, all the shares will be sold among the institutional investors through private placement, although they remain unnamed. AIG appointed Goldman Sachs Group Inc. (GS) and Deutsche Bank AG (DB) as the joint-managers of the sale. The ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/09/18/aig-american-international-group-to-raise-2-billion-from-aia-stock-sale/111706/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) Treasury Puts $18B American International Group Stock up for Sale</title>
		<link>http://www.stockbloghub.com/2012/09/18/aig-treasury-puts-18b-american-international-group-stock-up-for-sale/112194</link>
		<comments>http://www.stockbloghub.com/2012/09/18/aig-treasury-puts-18b-american-international-group-stock-up-for-sale/112194#comments</comments>
		<pubDate>Tue, 18 Sep 2012 17:23:58 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIA]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[iShares S&P Asia 50 Index]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=112194</guid>
		<description><![CDATA[Following American International Group Inc.’s (AIG) decision to buy back shares worth $5.0 billion in the next U.S. Treasury stock sale, the Treasury initiated the sale of $18.0 billion worth of stock in the company. In its fifth round of stock sale, the Treasury intends to sell about 553.8 million shares for $18.0 billion, at $32.50 a share, which is well above the Treasury’s break-even of $28.73 per AIG share. On Monday, AIG closed at $33.30 a share at the New York Stock Exchange, reflecting another solid gain from the latest sale. While AIG intends to repurchase 153.8 million shares for $5.0 billion, the remaining $13.0 billion worth of stock will be raised through open market operations. In addition to the $18.0 billion stock offering, the underwriters are granted a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/09/18/aig-treasury-puts-18b-american-international-group-stock-up-for-sale/112194/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(UBS) UBS AG Sued Over Sale of Risky MBS</title>
		<link>http://www.stockbloghub.com/2012/09/08/ubs-ubs-ag-sued-over-sale-of-risky-mbs/111681</link>
		<comments>http://www.stockbloghub.com/2012/09/08/ubs-ubs-ag-sued-over-sale-of-risky-mbs/111681#comments</comments>
		<pubDate>Sat, 08 Sep 2012 21:25:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=111681</guid>
		<description><![CDATA[UBS AG (UBS) seems to be in sticky waters yet again with litigation issues arising from the sale of mortgage backed securities (MBS). This time, the U.S. regulator for credit unions has sued UBS for misrepresentation of documents while selling MBS worth $1.1 billion to two credit unions &#8211; U.S. Central Federal Credit Union and Western Corporate Federal Credit Union, which collapsed later. The Allegation UBS has been accused by the U.S. regulator for credit unions &#8212; National Credit Union Administration (NCUA) of issuing misleading statements and omitting important details from the offering documents of the MBS in question. This led to obscurity regarding the risks associated with the MBS when they were sold. The credit unions perceived them to be less risky when in fact, the securities bore substantial ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/09/08/ubs-ubs-ag-sued-over-sale-of-risky-mbs/111681/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DB) Deutsche Bank AG Confronts FHFA Ire</title>
		<link>http://www.stockbloghub.com/2012/09/08/db-deutsche-bank-ag-confronts-fhfa-ire/110714</link>
		<comments>http://www.stockbloghub.com/2012/09/08/db-deutsche-bank-ag-confronts-fhfa-ire/110714#comments</comments>
		<pubDate>Sat, 08 Sep 2012 21:24:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[FHN]]></category>
		<category><![CDATA[First Horizon National Corporation]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=110714</guid>
		<description><![CDATA[Deutsche Bank AG (DB) is facing the wrath of the Federal Housing Finance Agency (FHFA). Its unit, named DB Structured Products Inc., has been sued by FHFA over mortgage backed securities, according to a Bloomberg report. In a court filing, FHFA alleged that Deutsche Bank’s unit violated its pledge regarding the loans that were clubbed together and securitized and also failed to buyback them as needed. The investment amount in consideration was, however, not disclosed in the court filing. However, according to the report, Deutsche Bank argued that it has always responded well to lawful buyback demands. It said that this particular case is based on factual conjecture and not supported by lawful theories. The firm plans to strongly defend this suit. Notably, FHFA, which supervises Fannie Mae and Freddie ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/09/08/db-deutsche-bank-ag-confronts-fhfa-ire/110714/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GS) FDIC Sues Banks over Risky MBS</title>
		<link>http://www.stockbloghub.com/2012/08/22/gs-fdic-sues-banks-over-risky-mbs/109663</link>
		<comments>http://www.stockbloghub.com/2012/08/22/gs-fdic-sues-banks-over-risky-mbs/109663#comments</comments>
		<pubDate>Wed, 22 Aug 2012 20:41:47 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Investments]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=109663</guid>
		<description><![CDATA[The Federal Deposit Insurance Corp. (FDIC) has filed three separate lawsuits against major banks over the alleged sale of $5.4 billion worth of risky mortgage-backed securities (MBS) to the failed Guaranty Bank. The FDIC, in aggregate, is seeking more than $2.14 billion in damages from various units of the banks. Guaranty Bank, based in Austin, Texas failed in August 2009 and was acquired by Birmingham-based BBVA Compass, a wing of Banco Bilbao Vizcaya Argentaria, S.A. (BBVA). At that time, Guaranty Bank operated 105 branches in Texas and 59 branches in California. The FDIC has accused the lenders of presenting distorted facts related to the MBS they sold to Guaranty Bank. Moreover, the FDIC charged the banks of not disclosing authentic facts related to the quality of the underlying assets while ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/08/22/gs-fdic-sues-banks-over-risky-mbs/109663/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) JPMorgan Chase &amp; Company Under Scrutiny Over LIBOR</title>
		<link>http://www.stockbloghub.com/2012/08/22/jpm-jpmorgan-chase-company-under-scrutiny-over-libor/108680</link>
		<comments>http://www.stockbloghub.com/2012/08/22/jpm-jpmorgan-chase-company-under-scrutiny-over-libor/108680#comments</comments>
		<pubDate>Wed, 22 Aug 2012 19:31:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=108680</guid>
		<description><![CDATA[JPMorgan Chase &#38; Co. (JPM) is facing probe from the Attorneys General and has received subpoena for its possible involvement in the manipulation of the London Interbank Offered Rate (LIBOR), according to a Reuters report. Joint investigations by New York Attorney General Eric Schneiderman and Connecticut Attorney General George Jepsen are currently underway and in that course, subpoenas are being sent to the Wall Street giants. The subpoenas are sent while investigations are underway, to probe any fraudulent and deceiving behavior on the company’s behalf, which might have played a role in the rigging of the LIBOR. In addition to JPMorgan, Deutsche Bank AG (DB) and Barclays Plc. (BCS) have also been subpoenaed in this New York-Connecticut joint probe. Our Take As a matter of fact, in addition to JPMorgan, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/08/22/jpm-jpmorgan-chase-company-under-scrutiny-over-libor/108680/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CIT) CIT Group Prices Senior Notes</title>
		<link>http://www.stockbloghub.com/2012/08/22/cit-cit-group-prices-senior-notes/107135</link>
		<comments>http://www.stockbloghub.com/2012/08/22/cit-cit-group-prices-senior-notes/107135#comments</comments>
		<pubDate>Wed, 22 Aug 2012 18:37:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Credit Services]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[CIT]]></category>
		<category><![CDATA[CIT Group Inc.]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=107135</guid>
		<description><![CDATA[CIT Group Inc. (CIT) announced the pricing of a registered public offering worth nearly $3 billion. This marks the fourth bond offering by the company in the current year. The public offering includes $1.75 billion of senior unsecured notes due in 2017 and $1.25 billion of senior unsecured notes maturing in 2022. The former senior notes are priced at par and carry a coupon rate of 4.25%. Moreover, the latter senior notes are priced at par but these bear an interest rate of 5.00%. CIT anticipates the offering to be completed by August 3, 2012, subject to certain customary conditions. Merrill Lynch, a wing of Bank of America Corporation (BAC), Deutsche Bank Securities Inc., a unit of Deutsche Bank AG (DB), The Goldman Sachs Group, Inc. (GS) and JPMorgan Chase ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/08/22/cit-cit-group-prices-senior-notes/107135/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(C) Citigroup&#8217;s China Inv-Banking Joint Venture Debuts</title>
		<link>http://www.stockbloghub.com/2012/08/22/c-citigroups-china-inv-banking-joint-venture-debuts/107899</link>
		<comments>http://www.stockbloghub.com/2012/08/22/c-citigroups-china-inv-banking-joint-venture-debuts/107899#comments</comments>
		<pubDate>Wed, 22 Aug 2012 18:36:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=107899</guid>
		<description><![CDATA[In an effort to explore the thriving economy and a booming capital market in China, Citigroup Inc. (C) commenced an investment banking joint venture (JV) with Shanghai-based Orient Securities Co. The JV, Citi Orient Securities Co., will engage in investment banking activities including equity and debt securities underwriting in mainland China. This partnership was announced in June last year and got the nod from the China Securities Regulatory Commission in early January. The JV has a registered capital of 800 million yuan ($126 million). Citi holds a 33.3% stake in the JV, while Orient Securities has a 66.7% stake. This is the maximum permissible holding for a foreign entity according to Chinese law. Subject to a relaxation of this upward ceiling in China and regulatory approvals from the competent authorities, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/08/22/c-citigroups-china-inv-banking-joint-venture-debuts/107899/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(XLK) Stock Market News for August 22, 2012 &#8211; Market News</title>
		<link>http://www.stockbloghub.com/2012/08/22/xlk-stock-market-news-for-august-22-2012-market-news/109546</link>
		<comments>http://www.stockbloghub.com/2012/08/22/xlk-stock-market-news-for-august-22-2012-market-news/109546#comments</comments>
		<pubDate>Wed, 22 Aug 2012 16:16:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Exchange Traded Fund]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[AAPL]]></category>
		<category><![CDATA[Apple Inc.]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[CIEN]]></category>
		<category><![CDATA[Ciena Corporation]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[DELL]]></category>
		<category><![CDATA[Dell Inc.]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Financial Select Sector SPDR]]></category>
		<category><![CDATA[GOOG]]></category>
		<category><![CDATA[Google Inc.]]></category>
		<category><![CDATA[Hewlett-Packard Company]]></category>
		<category><![CDATA[HPQ]]></category>
		<category><![CDATA[IBM]]></category>
		<category><![CDATA[International Business Machines Corporation]]></category>
		<category><![CDATA[JNPR]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Juniper Networks Inc.]]></category>
		<category><![CDATA[Liberty All Star Equity Fund]]></category>
		<category><![CDATA[Microsoft Corporation]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[MSFT]]></category>
		<category><![CDATA[Technology Select Sector SPDR]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[USA]]></category>
		<category><![CDATA[XLF]]></category>
		<category><![CDATA[XLK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=109546</guid>
		<description><![CDATA[Markets lost out on their initial gains and the S&#38;P 500 dropped from its four-year high as investors chose to book profits on Tuesday. Markets had rallied in the first hour lifted by hopes of the ECB plunging into action to buy back Italian and Spanish bonds. However, investors hurried to encash the uptrend and booked their profits. Eventually, markets ended in the red. Also, tech bellwether Apple closed lower a day after it became the world’s most valuable company ever. The Dow Jones Industrial Average (DJI) dropped 0.5% and closed at 13,203.58. The Standard &#38; Poor 500 (S&#38;P 500) lost 0.4% and finished yesterday’s trading session at 1,413.17. The tech-laden Nasdaq Composite Index ended at 3,067.26, dropping 0.3%. The fear-gauge CBOE Volatility Index (VIX) gained 7.1% and settled at ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/08/22/xlk-stock-market-news-for-august-22-2012-market-news/109546/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BCS) Barclays Sued for Selling Risky MBS</title>
		<link>http://www.stockbloghub.com/2012/08/21/bcs-barclays-sued-for-selling-risky-mbs/107683</link>
		<comments>http://www.stockbloghub.com/2012/08/21/bcs-barclays-sued-for-selling-risky-mbs/107683#comments</comments>
		<pubDate>Tue, 21 Aug 2012 21:06:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=107683</guid>
		<description><![CDATA[German-based Bayerische Landesbank (BayernLB) has sued Barclays PLC (BCS) over the losses that it incurred from investments in risky mortgage backed securities (MBS). BayernLB alleged that Barclays made false representations while selling MBS worth more than $274 million. Last Friday, BayernLB filed the case documents in New York State Supreme Court in Manhattan. The firm charged Barclays of issuing misleading statements regarding underwriting standards that were used while issuing MBS. BayernLB also alleged that Barclays’ offer documents contained untrue statements and omissions regarding the risks involved in the investments. These led to huge losses as the market value of MBS continued to plummet. Apart from Barclays, BayernLB filed similar lawsuits against many other large banks including Bank of America Corporation (BAC), Deutsche Bank AG (DB), Morgan Stanley (MS) and JPMorgan ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/08/21/bcs-barclays-sued-for-selling-risky-mbs/107683/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AGO) Assured Guaranty Limited Gets OK for UBS Litigation</title>
		<link>http://www.stockbloghub.com/2012/08/18/ago-assured-guaranty-limited-gets-ok-for-ubs-litigation/108787</link>
		<comments>http://www.stockbloghub.com/2012/08/18/ago-assured-guaranty-limited-gets-ok-for-ubs-litigation/108787#comments</comments>
		<pubDate>Sat, 18 Aug 2012 14:52:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Life Insurance]]></category>
		<category><![CDATA[AGO]]></category>
		<category><![CDATA[Assured Guaranty Limited]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[FBC]]></category>
		<category><![CDATA[Flagstar Bancorp Inc]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=108787</guid>
		<description><![CDATA[Earlier this week, a U.S. District Court Judge in Manhattan granted Assured Guaranty Ltd. (AGO) permission to partially move ahead with its lawsuit against UBS AG (UBS). Assured, in a lawsuit filed against UBS, accused it of misrepresenting the quality of the loans that underlined $1.49 billion of mortgage-backed securities (MBS) that the latter had insured. In 2006-2007, Assured had provided financial guaranty insurance, which warranted that if cash flows from the mortgages were inadequate for paying investors their dues, then it would cover those losses. However, a large number of these loans defaulted as they did not match the standards that UBS had set. Further, Assured received permission to sue UBS for providing misleading information to the major rating agencies – Standard &#38; Poor&#8217;s (S&#38;P) and Moody&#8217;s as it ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/08/18/ago-assured-guaranty-limited-gets-ok-for-ubs-litigation/108787/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) FDIC Files Lawsuit Related to Mortgage-Backed Securities</title>
		<link>http://www.stockbloghub.com/2012/08/14/bbt-fdic-files-lawsuit-related-to-mortgage-backed-securities/108395</link>
		<comments>http://www.stockbloghub.com/2012/08/14/bbt-fdic-files-lawsuit-related-to-mortgage-backed-securities/108395#comments</comments>
		<pubDate>Tue, 14 Aug 2012 15:43:59 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[FMCC]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=108395</guid>
		<description><![CDATA[The Federal Deposit Insurance Corp. (FDIC) has filed a lawsuit against major banks over the alleged sale of $388 million of risky mortgage-backed securities (MBS) to the failed Colonial Bank. Apart from attorney fees and court expenses, the FDIC is seeking $189 million in damages. Colonial Bank-based in Montgomery, Alabama failed in August 2009 and was acquired by BB&#38;T Corp. (BBT). At that time, Colonial Bank had nearly $25 billion in assets and the FDIC had estimated the cost to the federal deposit-insurance fund to be $2.8 billion. The major lenders against whose units the FDIC filed the lawsuit include biggies like JPMorgan Chase &#38; Co. (JPM), Bank of America Corporation (BAC), Citigroup Inc. (C), Wells Fargo &#38; Company (WFC), Deutsche Bank AG (DB), Credit Suisse Group (CS), HSBC Holdings ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/08/14/bbt-fdic-files-lawsuit-related-to-mortgage-backed-securities/108395/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WFC) Wells Fargo: A Warren Buffett-Approved Buy</title>
		<link>http://www.stockbloghub.com/2012/08/09/wfc-wells-fargo-a-warren-buffett-approved-buy/104091</link>
		<comments>http://www.stockbloghub.com/2012/08/09/wfc-wells-fargo-a-warren-buffett-approved-buy/104091#comments</comments>
		<pubDate>Thu, 09 Aug 2012 15:53:59 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRK-A]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=104091</guid>
		<description><![CDATA[Warren Buffet has given Wells Fargo (NYSE: WFC) a second, third and fourth look over the years. And every time he looks again, he still likes what he sees. When the U.S. markets crashed in 2008, banks bore the brunt of the blame. Easy scapegoats, they were accused of over-inflating the housing bubble, a perception – both legitimate and unjustified at the same time – that earned them lasting grief. Financial companies like American International Group (NYSE: AIG) and Bank of America (NYSE: BAC) had their names smeared in newspapers all across the country and even the world. Certain activist groups even went so far as to camp outside of bank executives’ private homes, intimidating their families and even issuing death threats. Meanwhile, those businesses suffered in the markets as ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/08/09/wfc-wells-fargo-a-warren-buffett-approved-buy/104091/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group U.S. Treasury Holdings To Be Partially Sold</title>
		<link>http://www.stockbloghub.com/2012/08/07/aig-american-international-group-u-s-treasury-holdings-to-be-partially-sold/107708</link>
		<comments>http://www.stockbloghub.com/2012/08/07/aig-american-international-group-u-s-treasury-holdings-to-be-partially-sold/107708#comments</comments>
		<pubDate>Tue, 07 Aug 2012 14:11:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIA]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[iShares S&P Asia 50 Index]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=107708</guid>
		<description><![CDATA[Basking after a good second-quarter performance, late last week American International Group Inc. (AIG) announced that the U.S. Treasury will vend off shares worth about $5.0 billion of the company, which were held by the latter. In this fourth round of stock sale, the Treasury has offered to buy back about 163.9 million shares for an average price of $30.50, modestly above the Treasury’s break-even of $28.73 per AIG share, thereby totaling $5.0 billion. While AIG intends to repurchase 98.4 million shares for $3.0 billion, the remaining $2.0 billion worth of stock will be raised through open market operations. In addition to the $5.0 billion stock offering, the underwriters are granted a 30-day option of buying another 24.6 million shares for $675 million. The total stock sale will in turn bring ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/08/07/aig-american-international-group-u-s-treasury-holdings-to-be-partially-sold/107708/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(USA) Stock Market News for July 24, 2012 &#8211; Market News</title>
		<link>http://www.stockbloghub.com/2012/07/24/usa-stock-market-news-for-july-24-2012-market-news/105491</link>
		<comments>http://www.stockbloghub.com/2012/07/24/usa-stock-market-news-for-july-24-2012-market-news/105491#comments</comments>
		<pubDate>Tue, 24 Jul 2012 18:49:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Closed-End Fund - Equity]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Liberty All Star Equity Fund]]></category>
		<category><![CDATA[MCD]]></category>
		<category><![CDATA[McDonald's Corporation]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[USA]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=105491</guid>
		<description><![CDATA[Possibilities that Spain would have to seek a sovereign bailout and a record jump in the nation’s borrowing costs dragged the US markets lower. The return of the European concerns resulted in the Dow’s second-consecutive triple digit loss; the first one since April 10. Separately, an earnings miss by McDonald&#8217;s was an additional concern and the fast-food chain was the biggest laggard in the Dow. However, the benchmarks pared some losses at a later stage. The Dow Jones Industrial Average (DJI) plunged 101.11 points or 0.8% to close at 12,721.46. The Standard &#38; Poor 500 (S&#38;P 500) dropped 0.9% to finish yesterday’s trading session at 1,350.52. The tech-laden Nasdaq Composite Index lost 1.2% and was down to 2,890.15. The fear-gauge CBOE Volatility Index (VIX) jumped 14.45 and settled at 18.62. ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(BCS) Foreign Banks Stock Outlook &#8211; July 2012 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2012/07/11/bcs-foreign-banks-stock-outlook-july-2012-industry-outlook/104221</link>
		<comments>http://www.stockbloghub.com/2012/07/11/bcs-foreign-banks-stock-outlook-july-2012-industry-outlook/104221#comments</comments>
		<pubDate>Wed, 11 Jul 2012 14:33:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[Banco Bradesco S.A.]]></category>
		<category><![CDATA[Banco Latinoamericano de Exportaciones SA]]></category>
		<category><![CDATA[Banco Macro S.A.]]></category>
		<category><![CDATA[Banco Santander-Chile]]></category>
		<category><![CDATA[Bancolombia S.A.]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BBD]]></category>
		<category><![CDATA[BBVA Banco Frances S.A.]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[BFR]]></category>
		<category><![CDATA[BLX]]></category>
		<category><![CDATA[BMA]]></category>
		<category><![CDATA[BNS]]></category>
		<category><![CDATA[Canadian Imperial Bank of Commerce]]></category>
		<category><![CDATA[CIB]]></category>
		<category><![CDATA[CM]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HDB]]></category>
		<category><![CDATA[HDFC Bank Limited]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[IBN]]></category>
		<category><![CDATA[ICICI Bank Limited]]></category>
		<category><![CDATA[Itau Unibanco Holding Sa]]></category>
		<category><![CDATA[ITUB]]></category>
		<category><![CDATA[KB]]></category>
		<category><![CDATA[Kookmin Bank]]></category>
		<category><![CDATA[MFG]]></category>
		<category><![CDATA[Mitsubishi UFJ Financial Group Inc]]></category>
		<category><![CDATA[Mizuho Financial Group Inc.]]></category>
		<category><![CDATA[MTU]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Canada]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[RY]]></category>
		<category><![CDATA[SAN]]></category>
		<category><![CDATA[TD]]></category>
		<category><![CDATA[The Bank Of Nova Scotia]]></category>
		<category><![CDATA[Toronto-Dominion Bank]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[WBK]]></category>
		<category><![CDATA[Westpac Banking Corporation]]></category>
		<category><![CDATA[WisdomTree Dreyfus Euro]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=104221</guid>
		<description><![CDATA[Foreign banks have been adopting reconstruction-by-asset-sale as the means to reduce leverage and stay afloat. However, the industry remains thwarted by non-stop challenges that are keeping its performance under pressure. The latest deterrents, nagging macroeconomic issues &#8212; the European sovereign debt crisis in particular &#8212; and regulatory pressures, are continuously causing the sector’s underperformance. Moreover, the upcoming quarters look even worse, with several negatives like asset-quality troubles, high borrowing costs, weak revenue growth, steeper expenses and weak loan demand. But thanks to worldwide regulatory reform, the sector has at least entered a transformation phase with the restructuring efforts. Needless to mention, a change is yet to be felt. The sector showed less resilience in the first half of 2012 than anticipated. Growing concerns related to funding and limited access to ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(GS) Big Banks&#8217; &#8216;Living Wills&#8217; Released</title>
		<link>http://www.stockbloghub.com/2012/07/06/gs-big-banks-living-wills-released/103909</link>
		<comments>http://www.stockbloghub.com/2012/07/06/gs-big-banks-living-wills-released/103909#comments</comments>
		<pubDate>Fri, 06 Jul 2012 16:23:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Investments]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=103909</guid>
		<description><![CDATA[The Federal Deposit Insurance Corp. (FDIC) and the Federal Reserve partially released the so-called ‘living wills’ of the nine major global banking giants. Under the provisions of the Dodd-Frank Act, the banks were required to outline the ways to liquidate by breaking up and selling off assets if they are on the verge of collapse. The nine global banks that submitted resolution plans or the professed ‘living wills’ are Goldman Sachs Group Inc. (GS), Bank of America Corp. (BAC), JPMorgan Chase &#38; Co. (JPM), Citigroup Inc. (C), Morgan Stanley (MS), Barclays PLC (BCS), Deutsche Bank AG (DB), Credit Suisse Group (CS) and UBS AG (UBS). Further, by the end of next year, more than 100 banks will be submitting their resolution plans to the regulators. A Brief Synopsis of Individual ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/07/06/gs-big-banks-living-wills-released/103909/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America to Buy Back $3.9B Trust Preferred Securities</title>
		<link>http://www.stockbloghub.com/2012/06/25/bac-bank-of-america-to-buy-back-3-9b-trust-preferred-securities/102921</link>
		<comments>http://www.stockbloghub.com/2012/06/25/bac-bank-of-america-to-buy-back-3-9b-trust-preferred-securities/102921#comments</comments>
		<pubDate>Mon, 25 Jun 2012 20:21:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[The Bank of New York Mellon Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=102921</guid>
		<description><![CDATA[On Friday, Bank of America Corporation (BAC) jumped on the bandwagon of redeeming trust preferred securities (TruPS) and announced the redemption of $3.9 billion in TruPS. Over the last couple of weeks, banks have been redeeming TruPS since these will no longer qualify for Tier 1 capital ratio calculations beginning 2013. BofA stated that the redemption of TruPS would be in the range of 100-103% of the liquidation amount. The redemption amount will also include accrued and unpaid distributions until the redemption date. The Bank of New York Mellon Corporation (BK) and Deutsche Bank Trust Company Americas, unit of Deutsche Bank AG (DB), are acting as the transfer/paying agents. BofA further mentioned that it will use the existing available cash to fund these redemptions. The redemptions of all the TruPS ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CS) Moody’s Investor Services Downgrades Major Banks</title>
		<link>http://www.stockbloghub.com/2012/06/24/cs-moodys-investor-services-downgrades-major-banks/102506</link>
		<comments>http://www.stockbloghub.com/2012/06/24/cs-moodys-investor-services-downgrades-major-banks/102506#comments</comments>
		<pubDate>Sun, 24 Jun 2012 19:30:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[NMR]]></category>
		<category><![CDATA[Nomura Holdings Inc]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Canada]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[RY]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=102506</guid>
		<description><![CDATA[Moody’s Investor Services has finally announced the much-anticipated credit ratings revisions for major global banks, dealing a blow to the already stressed financial industry. This comes in the wake of weak global markets and the seemingly endless Eurozone crisis. Of the 17 major international banks placed under review in mid-February for potential ratings revisions, Moody’s downgraded the ratings of just one bank ? Credit Suisse Group (CS) by three notches. The ratings for 10 other banks ? Morgan Stanley (MS), UBS AG (UBS), Barclays PLC (BCS), BNP Paribas SA (BNPQY), Citigroup Inc. (C), Crédit Agricole, Deutsche Bank AG (DB), The Goldman Sachs Group Inc. (GS), JPMorgan Chase &#038; Co. (JPM) and Royal Bank of Canada (RY) ? were lowered by two notches. Further, four banks ? Bank of America Corporation ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/06/24/cs-moodys-investor-services-downgrades-major-banks/102506/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(LYG) Lloyds Banking Group plc to Sell Troubled Loans</title>
		<link>http://www.stockbloghub.com/2012/06/04/lyg-lloyds-banking-group-plc-to-sell-troubled-loans/101177</link>
		<comments>http://www.stockbloghub.com/2012/06/04/lyg-lloyds-banking-group-plc-to-sell-troubled-loans/101177#comments</comments>
		<pubDate>Mon, 04 Jun 2012 16:17:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[BX]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[Lloyds Banking Group plc]]></category>
		<category><![CDATA[LYG]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[The Blackstone Group]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=101177</guid>
		<description><![CDATA[On Friday, Reuters reported that a unit of UK-based Lloyds Banking Group plc (LYG) plans to sell a portfolio of troubled property loans in Australia to the private equity property funds managed by The Blackstone Group LP (BX) and Morgan Stanley (MS). The firms would be paying A$640 million ($621 million) to acquire the distressed loan portfolio worth A$1.9 billion ($1.8 billion). Many banks sell their distressed and troubled real estate mortgages in order to get rid of these loss-making investments. Investors try to purchase these loans at a discount and often foreclose these principal properties for sale or redevelopment. Morgan Stanley and Blackstone seem to have acquired this problem loan portfolio with similar intentions. Deutsche Bank AG (DB) is acting as the financier to The Blackstone Real Estate Property ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(BAC) Bank of America Looks to Sell Assets Again</title>
		<link>http://www.stockbloghub.com/2012/04/18/bac-bank-of-america-looks-to-sell-assets-again/98970</link>
		<comments>http://www.stockbloghub.com/2012/04/18/bac-bank-of-america-looks-to-sell-assets-again/98970#comments</comments>
		<pubDate>Thu, 19 Apr 2012 02:12:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[American Community Properties Trust]]></category>
		<category><![CDATA[APO]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[TD]]></category>
		<category><![CDATA[Toronto-Dominion Bank]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=98970</guid>
		<description><![CDATA[On Tuesday, Reuters reported that Bank of America Corporation (BAC) is again preparing to divest its international units in a bid to further streamline its operations and focus on its core businesses. This time, BofA intends to sell its international wealth management units in anticipation of receiving about $3 billion. The units on sale, which were mostly obtained by BofA from its Merrill Lynch acquisition in 2009, comprise nearly $90 billion worth of assets under management. However, this division of BofA has been procuring mediocre results due to inadequate business scale. The Prospective Buyers The potential bidders have been asked to present their tenders this week for the first round of bidding. However, the sale offer may not seem attractive to many buyers as the wealth management businesses normally do ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SPG) Simon Property Group to Issue Shares</title>
		<link>http://www.stockbloghub.com/2012/03/19/spg-simon-property-group-to-issue-shares/94750</link>
		<comments>http://www.stockbloghub.com/2012/03/19/spg-simon-property-group-to-issue-shares/94750#comments</comments>
		<pubDate>Tue, 20 Mar 2012 03:25:34 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Retail]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[Simon Property Group Inc.]]></category>
		<category><![CDATA[SPG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=94750</guid>
		<description><![CDATA[Simon Property Group Inc. (SPG), a leading real estate investment trust (REIT), has recently announced a secondary offering of 8.5 million common shares at $137.00 each. The company had earlier announced its offer of 7 million shares, but was forced to increase the quantum of equity offering due to strong investor demand. The company has also decided to grant the underwriters an option to purchase an additional 1.275 million shares to cover any over-allotments. J.P. Morgan Securities LLC, the investment banking division of JPMorgan Chase &#38; Co. (JPM); BofA Merrill Lynch, the investment banking and wealth management division of Bank of America Corporation (BAC); The Goldman Sachs Group, Inc. (GS), a full-service global investment banking and securities firm; Citigroup Global Markets Inc., the brokerage and securities arm of Citigroup Inc. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FITB) Fifth Third Bancorp Offers Senior Notes</title>
		<link>http://www.stockbloghub.com/2012/03/07/fitb-fifth-third-bancorp-offers-senior-notes/94390</link>
		<comments>http://www.stockbloghub.com/2012/03/07/fitb-fifth-third-bancorp-offers-senior-notes/94390#comments</comments>
		<pubDate>Wed, 07 Mar 2012 17:15:36 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Midwest Banks]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Fifth Third Bancorp]]></category>
		<category><![CDATA[FITB]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Liberty All Star Equity Fund]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[USA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=94390</guid>
		<description><![CDATA[Last Friday, Fifth Third Bancorp (FITB) announced the public offering of its senior notes worth $500 million. The 10-year senior notes bear a coupon rate of 3.5% and were sold at 99.306% of the principal amount. Fifth Third expects the offering to complete on March 7, 2012, subject to customary closing conditions. The joint book-running managers for the offering are Deutsche Bank Securities Inc., a unit of Deutsche Bank AG (DB), J.P. Morgan Securities LLC a division of JPMorgan Chase &#38; Co. (JPM), and Morgan Stanley &#38; Co. LLC, a part of Morgan Stanley (MS). Senior co-managers for the offering are Fifth Third Securities, Inc. and Credit Suisse Securities (USA) LLC. The notes for the offering are senior unsecured obligations of Fifth Third and are assigned an &#8216;A-&#8217; by Fitch ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group to Sell About 13% Stake in AIA</title>
		<link>http://www.stockbloghub.com/2012/03/06/aig-american-international-group-to-sell-about-13-stake-in-aia/94366</link>
		<comments>http://www.stockbloghub.com/2012/03/06/aig-american-international-group-to-sell-about-13-stake-in-aia/94366#comments</comments>
		<pubDate>Tue, 06 Mar 2012 22:00:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIA]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[iShares S&P Asia 50 Index]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=94366</guid>
		<description><![CDATA[In an attempt to repay the government bailout loan, American International Group Inc. (AIG) disclosed its plans earlier today to raise funds from the part-sale of its left over one-third stake in its Asian wing – AIA Group Limited (AIA). According to Reuters and Bloomberg, AIG is looking forward to selling nearly approximately 1.7 billion shares in AIA at about 7% discount to the latter’s closing price of HK$29.20 on Friday, at the Hong Kong stock exchange, to raise over $6 billion. While the shares will be priced no later than tomorrow, AIG’s share in AIA was worth $15 billion at last week’s closing price. Meanwhile, all the shares will be sold among the institutional investors through private placement, although they remain unnamed. AIG will still hold about 19% of ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
	</channel>
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