Financial Business Update: Nationstar Offers More Senior Notes, Shell Opposes New Regs
The complete transfer of ownership of Smith Barney from Citigroup Inc. (NYSE:C) to Morgan Stanley (NYSE:MS) is now set to be finalized by June 2015, when Morgan Stanley Smith Barney will be officially renamed Morgan Stanley Wealth Management.
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Nationstar Mortgage Holdings (NYSE:NSM) announces an offering of $100 million in Senior Notes which comes just after last week’s $300 million note offering. Observers wonder if the management is raising cash for an imminent acquisition. Meanwhile, shares gained modestly on the day.
The chief financial officer of Royal Dutch Shell (RDS.A)(RDS.B) worries that draft European Union financial trading rules might compel it to divert almost $1 billion of additional capital through clearing. New regulations would mandate that companies that reach set trading thresholds would have to clear their transactions. Shell says that such a thing would tie up significant capital that might otherwise be employed in investment.
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