Diversified Financial Services Specialized Finance

  • Sept 12- Sales practices at Wells Fargo& Co that led to $190 million in regulatory fines and penalties last week have negative credit implications for the bank, rating agency Moody's Investors Service said on Monday. Last Thursday, regulators including the U.S. Office of the Comptroller of the Currency, the U.S. Consumer Financial Protection Bureau, and the Los...

  • Sept 12- Sales practices at Wells Fargo& Co that were too aggressive and led to $190 million in regulatory fines and penalties last week have negative credit implications for the bank, credit rating agency Moody's Investors Service said on Monday.

  • MUMBAI, Sept 9- BSE Ltd, India's second-biggest stock exchange, on Friday filed for a long-awaited initial public offering, seeking to list its shares on larger rival National Stock Exchange. Financial sector listings especially have been lapped up by investors, with stocks such as RBL Bank and Ujjivan Financial Services surging after their debuts.

  • MUMBAI, Sept 9- BSE Ltd, India's second-biggest stock exchange, filed a draft prospectus on Friday for its initial public offering and said it would list its shares on larger rival the National Stock Exchange. Founded in 1875, BSE, whose first venue for broker meetings was under a banyan tree in the financial capital Mumbai, has long been considering an IPO.

  • *Downgrade of Poland is unlikely, but worries linger. BUDAPEST/ WARSAW, Sept 9- The zloty led a retreat of Central European currencies due to worries that Moody's may downgrade Poland's rating in a review expected after European markets close on Friday. It still has the highest rating on Poland among the three major rating agencies after a downgrade from Standard&...

  • The change is effective on Oct. 12 pending regulatory review by the Chicago Futures Trading Commission. The adjustment will allow CME's rules to be consistent with the negotiated formula hog purchase method that was created when the U.S. Congress reauthorized the Livestock Mandatory Reporting program on Sept. 30, 2015. Beginning on Oct. 12, the USDA's National...

  • SAO PAULO, Sept 5- Société Mondiale, a minority shareholder in Brazil's largest fixed-line carrier OI SA, said on Monday an arbitration ruling obliges the company to hold a shareholders' meeting on Sept. 8 as demanded by the activist investor. The ruling was issued on Sept. 5 by the arbitration chamber of the Brazilian stock market operator BM&F Bovespa SA,...

  • FRANKFURT, Sept 1- Online travel group Expedia has started preparations for a stock market listing of its Trivago hotel search platform, which may be valued at more than $1 billion, people familiar with the matter said. Expedia, one of the world's largest online travel services companies, has asked investment banks to pitch for roles in a initial public offering,...

  • TOKYO, Sept 1- Standard& Poor's Ratings Services on Thursday affirmed Japan's A+/ A-1 sovereign debt rating and maintained a stable outlook despite its heavy debt burden, saying political stability and stable financial system offset fiscal woes. The rating agency said it expected Japan's nominal economic growth to average 2 percent, and negative interest...

  • The case for merging the London and German stock exchanges has strengthened since the Brexit vote, a Bundesbank board member said on Wednesday.

  • The boards of the London Stock Exchange and Deutsche Boerse confirmed on Tuesday that they are discussing a potential merger.

    London Stock Exchange Group said its planned $30 billion merger with German rival Deutsche Boerse could result in 1,250 job cuts across the combined group.

  • New York's Wall Street.

    A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.

  • A trader signals offers in the Standard & Poor's 500 stock index futures pit at the CME Group in Chicago.

    The CME Group plans to raise transaction fees on a host of products starting Jan. 1, 2016, pending regulatory approval, the exchange said on Monday.

  • Traders work on the floor of the New York Stock Exchange.

    Major U.S. stock exchanges and Barclays won the dismissal of litigation in which pension funds and other investors accused them of rigging markets.

  • Chicago

    S&P credit rating agency on Thursday downgraded Chicago's general obligation bonds to A- from A+.

  • Shares of Facebook fell below the $38 offer price in the second trading day.

    In a first for a U.S. stock exchange, Nasdaq OMX Group on Thursday agreed to pay $26.5 million to settle a lawsuit involving its bungling of Facebook's IPO.

  • Stung by the loss of the IPO of Chinese e-commerce firm Alibaba, the Hong Kong stock exchange took a step towards loosening its listing rules.

  • Tech M&A deals have been 'preposterous': Pro

    Keith Fitz-Gerald, Chief Investment Strategist, Money Map Press, says he is shifting his attention away from mergers and acquisitions in the technology field to the financial sector.

  • Citadel Connect has nearly tripled in the past year, making it one of the largest U.S. dark pools—where investors can trade anonymously.

  • CME ClearPort home page

    CME Group said one of its clearing systems was hacked in July and the incident is the subject of a federal criminal investigation.