Company Overview and News

9
Brazil card processor Stone hires banks for IPO -sources

12h reuters
SAO PAULO (Reuters) - Brazilian credit card processor Stone Pagamentos SA has hired Goldman Sachs & Co (GS.N), JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) as lead managers for a hoped-for New York initial public offering, three people with knowledge of the matter said on Friday.
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5
Citi draws SEC fine for unauthorised trading, other violations

2018-08-17 malaymail
NEW YORK, Aug 17 — Citigroup Inc was fined US$10.5 million (RM43 million) for multiple infractions, including allegations that employees engaged in unauthorised proprietary trading, a practice that regulators famously restricted after the 2008 financial crisis.
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9
Banks Say No Thanks to Volcker Rule Changes - WSJ

2018-08-16 wsj
WASHINGTON—Trump-appointed financial regulators set out to ease the Volcker rule—a controversial postcrisis restriction for banks—and instead have drawn the industry’s ire.
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5
MOVES-Citi names veteran Li as banking head of China's Belt and Road Initiative

2018-08-16 reuters
HONG KONG, Aug 16 (Reuters) - Citigroup Inc said on Thursday it has appointed veteran Beibei Li as its head of Belt and Road Initiative-related banking and origination businesses, as western banks bet on China’s drive to build a modern-day Silk Road to create business opportunities.
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6
Current Bull Market Not Over Until It’s Over: 5 US Stocks to Buy

2018-08-15 247wallst
It may be hard to believe, but on August 23, according to Merrill Lynch, the current bull market will be the longest in history, reaching back to the lows printed in March of 2009. While some would argue that the actual secular bull market didn’t start until the S&P 500 broke out above 1,550 in March of 2013, that in and of itself, was over five years ago.
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31
Tracking Bruce Berkowitz's Fairholme Portfolio - Q2 2018 Update

2018-08-15 seekingalpha
The portfolio is very concentrated with St. Joe Companies, Vista Outdoor, and Sears Holdings forming almost ~80% of the entire portfolio.
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53
Soros Fund Management adds popular tech names, BlackRock in second quarter

2018-08-15 channelnewsasia
NEW YORK: Soros Fund Management LLC added Facebook Inc, Apple Inc and Twitter Inc, but trimmed stakes in Alphabet Inc and Amazon.com Inc in the quarter through June, according to a regulatory filing on Tuesday.
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49
Soros Fund Management adds popular tech names, BlackRock in second quarter

2018-08-15 reuters
NEW YORK (Reuters) - Soros Fund Management LLC added Facebook Inc (FB.O), Apple Inc (AAPL.O) and Twitter Inc (TWTR.N), but trimmed stakes in Alphabet Inc (GOOGL.O) and Amazon.com Inc (AMZN.O) in the quarter through June, according to a regulatory filing on Tuesday.
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62
The Zacks Analyst Blog Highlights: Citigroup, Bank of America, Goldman Sachs, JPMorgan, Morgan Stanley, Wells Fargo, Armstrong Flooring, Bridgepoint, Summer Infant, BG Staffing and Atlantic Power

2018-08-14 zacks
Chicago, IL –August 14, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Citigroup Inc. (C - Free Report) , Bank of America Corporation (BAC - Free Report) , The Goldman Sachs Group, Inc. (GS - Free Report) , JPMorgan Chase & Co.
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25
Tencent-backed Chinese EV maker seeks US$1.8b US IPO

2018-08-14 malaymail
SINGAPORE, Aug 14 — NIO Inc, the electric-car maker backed by technology giant Tencent Holdings Ltd, filed for a US$1.8 billion (RM7.4 billion) initial public offering as it gears up to compete against the likes of Tesla Inc.
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148
Wall Street dragged down by fall out from Turkey's currency crisis

2018-08-14 thehindubusinessline
US stocks dropped on Monday as global jitters from Turkey's plummeting currency spread to Wall Street, with the S&P 500 and the Dow falling for the fourth session in a row.
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5
From Morgan Stanley intern to senior SE Asia exec in just seven years

2018-08-14 malaymail
SINGAPORE, Aug 14 — Morgan Stanley is promoting a pair of dealmakers in South-east Asia, with one banker rising from intern to a senior position in just seven years.
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148
Wall Street dragged down by fall out from Turkey#39;s plunging lira

2018-08-14 moneycontrol
US stocks dropped on Monday as global jitters from Turkey's plummeting currency spread to Wall Street, with the S&P 500 and the Dow falling for the fourth session in a row.
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148
Wall St dragged down by fall out from Turkey's plunging lira

2018-08-13 malaymail
NEW YORK, Aug 14 — US stocks dropped yesterday as global jitters from Turkey's plummeting currency spread to Wall Street, with the S&P 500 and the Dow falling for the fourth session in a row.
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5
Citigroup restructures consumer bank for better results - Channel NewsAsia

2018-08-13 channelnewsasia
NEW YORK: Citigroup Inc restructured its consumer bank on Monday (Aug 13), elevating one executive and triggering the departure of another, as the third-biggest US bank moved to improve results.
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CUSIP: 172967954