Sentences with phrase «in shares of the bank»

Paulson was forced to sell off $ 700 million in shares of the bank; the certificate of divestiture enabled him to avoid a potential $ 200 million in capital - gains tax liability.

We observed a significant increase in the share of banked households following deregulation.

From 2010 to 2016, major markets that saw the steepest drop - offs in the share of bank branches include Baltimore, Chicago, Denver, Indianapolis and Philadelphia, according to JLL.

Not exact matches

NEW YORK — Goldman Sachs agreed Tuesday to pay a combined $ 109.5 million in fines to federal and New York state authorities to settle charges that the investment bank's currency traders unlawfully shared customers» order information with other banks in order to take advantage of the market.

To pay for the shares, Berkshire swapped $ 5 billion of Bank of America preferred stock it had bought in August 2011.

«The performance of bank shares shows that MBS is a factor,» said Jean - François Seznec, a member of the Middle East Institute and expert in international banking.

Brand went on to share that companies should add data to «existing reporting and business intelligence tools that help those retailers make sense of these massive banks of in - store data with a new layer of intel to their decision - making at the executive level.»

Spotify's direct listing differed from a standard initial public offering in that the company only sold existing shares instead of issuing new ones and had minimal contact with investment banks, which typically underwrite IPOs.

Canada's banks drove down mortgage rates in a fight for market share because the federal government insures most of the risk.

• Baycom Corp, a Walnut Creek, Calif. - based banking firm, plans to raise $ 50 million in an IPO of 2.27 million shares priced between $ 21 to $ 23.

In the third quarter, Bank of America beat on the top and bottom lines, reporting earnings per share of $ 0.41 on revenue of $ 21.64 billion.

HSBC, Europe's largest bank, announced a 5 percent rise in pretax profits in the first half of 2017 as well as the third share buyback in a year.

Just as he did this week, he'll now regularly share headline space with Bank of England Governor Mark Carney, and Federal Reserve Chairman Ben Bernanke, as all three grapple with the ongoing task of economic stimulus in the wake of the 2008 - 09 financial crisis.

But Glencore, under London Stock Exchange reporting obligations, said it would only contribute 300 million euros in equity (taking a tiny equity interest of 0.54 %, and even that only «indirectly»), while the rest of the money was provided by «QIA and by non-recourse bank financing,» the latter being a loan that effectively insulates Glencore against most of the risks of owning Rosneft shares.

Wells Fargo, meanwhile, lost 9 % (though in typical Oracle fashion, Buffett bought more of the bank's shares amid the selloff earlier this year).

By way of example, he shared with his audience what the central bank would have had to have done to prevent the Canadian currency from climbing to par with the U.S. dollar in early 2008.

By the time Waugh became CEO, Scotia had eked out just a 3 % share of the wealth - management market in Canada, the smallest of the Big Five banks.

Buffett hinted as much in the letter, stating, «Many of our investees, including Bank of America, have been repurchasing shares, some quite aggressively.

Power Financial sold its shares of Montreal Trust to Bell Canada parent BCE Inc. for $ 547 million in 1989 because of reservations about the ability of a mid-sized company to compete with Canada's large chartered banks.

Deutsche Bank shares dropped more than 3 percent on Thursday morning after reporting lower - than - expected revenue for its first quarter at a time when banking stocks have seen sharp gains after centrist Emmanuel Macron emerged as the winner in the first round of French presidential elections last week.

NEW YORK, April 13 - Oil prices extended recent gains and a gauge of global stocks eased on Friday as concern over a broader conflict in Syria left investors nervous, while U.S. bank shares led Wall Street lower.

Then, of course, there will also be the usual spate of product announcements as EMC seeks to retain its leadership in data storage, fending off upstarts like Pure Storage (pstg) and Nimble (nmbl) on the one hand, while it also seeks to prove its relevance in the emerging cloud computing era as Amazon (amzn) Web Services rents out computing capability, storage, and networking from a massive bank of shared infrastructure to companies of all sizes.

The exact mix of shares and contingent convertible bonds the HFSF will buy from banks in exchange for any fresh funds it will provide will be decided by the cabinet.

The bank, based in Carmel, Indiana, said it had earnings of 50 cents per share.

Also reporting this week is The Royal Bank of Scotland (RBS) and markets will be keen to know the bank's current situation following a share sale announced by the government in AugBank of Scotland (RBS) and markets will be keen to know the bank's current situation following a share sale announced by the government in Augbank's current situation following a share sale announced by the government in August.

«We are initiating pilots for a broad range of machine learning use cases - from detecting anomalies for fraud and cybersecurity, to generating targeted trading strategies to share with clients, to optimizing our client servicing channels,» Zames said in an April note outlining the bank's tech strategy.

The London - based bank HSBC, which has a huge amount of business in Asia, is seeing shares crash in HK.

Bank of America said it plans to increase its quarterly common stock dividend to 12 cents a share, a 60 percent increase, beginning in the third quarter of 2017.

The banking sector, down 0.1 percent, got little support from the results of Santander, the euro zone's biggest bank by market value, whose shares fell 3.2 pct after profits in the UK disappointed.

He agreed to invest $ 5 billion and lend BoA his name; in return, the bank would pay him a hefty 6 % annual dividend on his stake of preferred shares.

Buffett himself noted in a recent annual letter that if Bank of America (bac) were to lift its annual dividend above 44 cents a share before 2019, «we would anticipate making a cashless exchange of our preferred into common.»

«Assuming that the US adopts a new corporate tax rate of about 25 %, with most of the rest of the code left the same, we expect S&P earnings per share of $ 130 - 140 in 2017 and $ 140 - 150 in 2018,» said David Bianco, Deutsche Bank's chief investment strategist for the Americas.

Warren Buffett's Berkshire Hathaway will exercise warrants in Bank of America allowing it to acquire 700 million common shares at an exercise price of $ 7.14 each, or about $ 5 billion.

Financials also found support from gains in shares of Deutsche Bank.

The biggest loser from the dividend cut would be Belgium, which owned 10.3 % share of the bank as of Dec. 31 and received about $ 261 million in dividend payments for 2013.

I asked Mark to share with me in two sentences or less about how he went from having $ 0 in the bank and living on a couch at a friend's house to becoming a self - made entrepreneur with a net worth of $ 3.2 billion (at latest count).

HSBC, Europe's largest bank, reported a set of financial results that beat estimates in the first half of 2017 and announced a $ 2 billion share buyback on the back of a growing capital base.

Morgan Stanley employees in Seattle and Portland shared it via text messages and emails, according to the seven former Morgan Stanley employees, most of whom said they did not want to be identified because they feared retribution by Mr. Greenberg or the bank.

Wells Fargo executives said each of the bank's 12 director nominees received more than about 89 percent support from investors and about 92 percent of shares were cast in favor of the pay of Chief Executive Tim Sloan and other leaders.

Goldman Sachs (gs) and Bank of America (bac) shares have each lost nearly 20 % in the past year.

In the long term, peer - to - peer finance threatens to weaken banks and other financial agents just as peer - to - peer file sharing did the music industry — and some of the architects of this financial Napster seem gleeful about the possibility.

In one of Monday's filings, Buffett certified that Berkshire «s Wells Fargo shares «were not acquired and are not held» with the intent of changing how the bank operates.

The FDIC's Summary of Deposit numbers released in October showed for the past several years, community banks have continued to lose deposit share to larger institutions.

A significant share of the corporate debt in stressed economies is now owed by companies with weak debt servicing capacity and this could negatively affect bank balance sheets and cut into profits, it added.

The Guardian reports that Gunnlaugsson co-owned a British Virgin Islands — registered company called Wintris Inc., which reportedly held shares worth nearly $ 4 million in three Icelandic banks that collapsed during the financial crisis of 2008.

In addressing those questions, they've often sought to stress the need for perspective: Goldman Sachs» market share in 2009 was probably unsustainable, and the bank's current market share of around 10 % is still higher than it was in 200In addressing those questions, they've often sought to stress the need for perspective: Goldman Sachs» market share in 2009 was probably unsustainable, and the bank's current market share of around 10 % is still higher than it was in 200in 2009 was probably unsustainable, and the bank's current market share of around 10 % is still higher than it was in 200in 2005.

Shares of American Airlines and United Continental rise after Bank of America Merrill Lynch encourages investors to buy in light of tax reform.

Although shareholders have yet to approve the deal, the banks would «re-pay shares at a pre-defined value in next few months, avoiding the risk of uncertain evolution of huge claims by shareholders and clients,» Maria Paola Toschi, global market strategist at JPMorgan Asset Management, told CNBC on Tuesday via email.

Deutsche Bank shares trading in Frankfurt were down more than 4 % on Monday, and credit - default swaps on the bank spiked to their highest level since 2012, when the entire efficacy of the eurozone was in doBank shares trading in Frankfurt were down more than 4 % on Monday, and credit - default swaps on the bank spiked to their highest level since 2012, when the entire efficacy of the eurozone was in dobank spiked to their highest level since 2012, when the entire efficacy of the eurozone was in doubt.

«I think there's a lot of focus upon the top line in the bank and over near - term we have been fairly flat on the top line, but if you look back over the last nine months, actually the top line is up about 5 percent,» Halford said about the share price move.