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TRENDING TAGS
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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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The Day After The Downgrade: How Financials Are Doing
Bank of America is down 16.4% on news that AIG will sue the bank for $10bn.
Citigroup is down $4.94 at the moment. Citi was named as one of the firms the US Attorney is looking into regarding mortgages. Also, an ex-Citi senior trader was fined $1.5mn by the CFTC for fraud.
E*Trade has dropped $1.49. JMB Capital recently agreed to a Citadel request for E*Trade to call a special shareholder meeting.
Morgan Stanley has lost over 10%. Reuters reported this morning that Morgan Stanley might have to pay $1.7bn in settlements for mortgage-backed security cases.
Goldman Sachs has fallen $9.03. The firm is trading at less than one times book value, and Daily Finance says "the game's up" for Goldman.
JPMorgan has tumbled $2.96, while Wells Fargo has dropped $1.68. The drops come amid speculation that the U.S. credit downgrade will affect the housing market.
Ameritrade is down 7.4%. Ameritrade has been rumored to be involved with the possible E*Trade sale.
UBS has tumbled a dollar and change amidst reports that a former banker was charged as part of a tax-evasion conspiracy.
Santander is down 7% as bond yields collapse.
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