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Webster Financial Corporation (NYSE:WBS) To Acquire Health Saving Account Business From JPMorgan Chase & Co. (NYSE:JPM)

Boston, MA 09/24/2014 (wallstreetpr) – According to reports, Webster Financial Corporation (NYSE:WBS) has agreed to acquire health saving account business from JPMorgan Chase & Co. (NYSE:JPM). The company has signed a definitive agreement with JPMorgan Chase Bank, N.A, a wholly owned subsidiary of JPM. Insights of agreement:     As soon as the acquisition takes place, almost […]

The Bank of New York Mellon Corporation (NYSE:BK) Collaborates To Offer New Solutions

Boston, MA 09/24/2014 (wallstreetpr) – The Bank of New York Mellon Corporation (NYSE:BK) (BNY Mellon) partnered with Redington, an investment consulting firm, to offer new risk reporting services to its UK pension funds clients. Advantage The new reporting solution allows the customers to monitor the risk associated to their assets and liabilities on a quarterly […]

Wells Fargo & Co (NYSE:WFC) Hires Former JPMorgan Chase & Co. (NYSE:JPM) Official, Kim Abello, To Head Its Employee Stock Ownership Plans

Boston, MA 09/24/2014 (wallstreetpr) – Diversified financial services provider, Wells Fargo & Co (NYSE:WFC), has hired former official of another financial institution, JPMogan Chase & Co. (NYSE:JPM), Kim Abello to head its Employee Stock Ownership Plans or ESOP for its Commercial Banking segment in North America. The company expressed its intention to tap the growing […]

Southern Michigan Bancorp (OTCMKTS:SOMC) Declares 15 cents a share as Quarterly Dividend, Still Five cents Below Pre-Crisis High Of 20 cents

Boston, MA 09/24/2014 (wallstreetpr) – A bank holding company, Southern Michigan Bancorp (OTCMKTS:SOC) said that its Board of Directors has given its permission to declare a dividend of 15 cents a share to all the shareholders. However, it was still short of five cents a share from the 20 cents a share paid before the […]

Morgan Stanley (NYSE:MS) Extends Euro Curve

Boston, MA 09/24/2014 (wallstreetpr) – Morgan Stanley (NYSE:MS) has extended the euro curve. Recently it started marketing its 8.5-year benchmark. The triple digit offer made by the company looked cheap to one of the bankers who said that secondary curve of MS could give around 15bp–20bp of new issue premium. Initially, an order worth €1.5bn topped […]

Citigroup Inc (NYSE:C) Moves To Court For Seeking Stay On Argentine Debt Order As Penalties Threat Prevails

Boston, MA 09/23/2014 (wallstreetpr) – Citigroup Inc (NYSE:C)’s Argentina debt case is getting complicated as the deadline for interest payment remains due on September 30, 2014. In order to deal with the deadline hassle, the bank is planning to urge the U.S. judge to put on the hold, the order that bars it from processing […]

Morgan Stanley (NYSE:MS) Trader Joo Quits Playboy Club, Misses Bunnies

Boston, MA 09/23/2014 (wallstreetpr) – According to reports, a Morgan Stanley (NYSE:MS) trader-turned-chef has finally decided to quit her job and start a restaurant. People don’t leave investment banking jobs daily in order to pursue their hobbies as their career, but she has managed to do it eventually. Road so far: Joo, 39 decided to […]

Wells Fargo & Co (NYSE:WFC) Settles Insider Trading Charges of Burger King Worldwide Inc (NYSE:BKW) With SEC

Boston, MA 09/23/2014 (wallstreetpr) – According to reports published by SEC, Wells Fargo & Co (NYSE:WFC) advisors had agreed to pay $5 million penalty charges for insider trading done by one of its brokers just before Burger King Worldwide Inc (NYSE:BKW) 2010 buy-out transaction. Insights of Charges Being Put By SEC: Security and Exchange Commission […]

JPMorgan Chase & Co.(NYSE:JPM) To Invest $35 Million For Strengthening Consumer Financial Security

Boston, MA 09/23/2014 (wallstreetpr) – Last few months have not been good for a lot of financial institutions including JPMorgan Chase & Co.(NYSE:JPM) due to various security breaching activities. Millions of accounts have been hacked reportedly, which has prompted such institutions to come up with a very strong, reliable and effective solution. In a series […]

Zeltiq Aesthetics Inc (NASDAQ:ZLTQ): Goldman Sachs Group Inc (NYSE:GS) Lifts Price Objective On Higher Estimates

Boston, MA 09/22/2014 (wallstreetpr) – Investment advisor Goldman Sachs Group Inc (NYSE:GS) has boosted its price target on the shares of the medical device company, Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) based on increased estimations. The move follows after the company’s investor day meeting. Lifts Price Tag The brokerage has increased its price target to $27 from $24 […]

Bid of Bank of America Corp (NYSE:BAC) To Void $1.27 Billion Verdict Challenges Common Sense

Boston, MA 09/22/2014 (wallstreetpr) – According to reports, government of U.S. has decided to take a strict action against Bank of America Corp (NYSE:BAC)’s bid to throw out a jury verdict. As per the information given by government officials, this bid challenges common sense; hence, it should be rejected immediately. BAC had placed a verdict […]

Discover Financial Services (NYSE:DFS) Ranks 52nd In 2014 IDG’s Computerworld ‘100 Best Places To Work In Information Technology’

Boston, MA 09/22/2014 (wallstreetpr) – According to a report published in Yahoo! Finance, Discover Financial Services (NYSE:DFS) made its mark among the colossal organizations on the 2014 IDG’s Computerworld “100 Best Places to Work in Information Technology.” The company ranked 52nd. The position: It needs special mention that this was Discover’s 12th successive year, in which […]

Charles Schwab Corp (NYSE:SCHW) Incorporates Seven New Commission-Free ETFs To Schwab ETF OneSource

Boston, MA 09/19/2014 (wallstreetpr) – Charles Schwab Corp (NYSE:SCHW) yesterday reported that it is incorporating seven exchange traded fund (ETF) providers, along with 65 ETFs to its ETF OneSource. New ETFs Schwab ETF OneSource is a commission fee, under certain terms, ETF trading provider. The seven ETFs that it is adding include Wisdom Tree Investments, […]

Fifth Third Bancorp (NASDAQ:FITB) Funds Its Fifth “Foundations In Personal Finance” Program In 2014

Boston, MA 09/19/2014 (wallstreetpr) – Fifth Third Bancorp (NASDAQ:FITB) is funding the Dave Ramsey designed “Foundations in Personal Finance” program for the school year 2014-15. Fulfilling Commitments The Bank seeks to fund the program in as many as 1,827 high-schools spread across 12 states. The school group includes 69 new schools from western Michigan. As […]

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