- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
The lengthy legal battle between Bank of America Corporation (NYSE:BAC) and the insurer MBIA (NYSE:MBI) might be near resolution early next year, subsequent to recent maneuvers involving the latter’s bonds, according to analysts at CreditSights. In November, MBIA reached the necessary approval of bondholders to modify the terms of a portion of its debt in the face of Bank of America’s attempt to block the change, resulting in bank’s negotiating leverage being reduced, but increasing the likelihood of a settlement.
On Thursday, Deutsche Bank (NYSE:DB) announced that it has finalized the formal establishment of its non-core operations unit, which was initially reported as a part of the Bank’s Strategy 2015+ in September. The bank has now completed the NCOU’s financial reporting, governance structure, and relationship with the core business units.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>
CNO Financial Group (NYSE:CNO) said Thursday that its board has okayed an additional $300 million to buy back its outstanding common stock, warrants and convertible debentures. Thus far, the firm has repurchased 7,554,416 shares of its common stock in the fourth quarter at an average price of $9.32. With the new authorization, total buyback capacity is now roughly $360 million.
JPMorgan Chase & Co. (NYSE:JPM) Co-Chief Operating Officer and Chief Executive Officer of Chase Mortgage Banking Frank Bisignano released a statement that said, “We share Governor Cuomo’s urgency in helping our neighbors recover from Superstorm Sandy. We have been working closely with our customers so they can get back on their feet. We have a number of programs to help with hardships.”
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.