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U.S. Banks Slammed Again (BAC, JPM, WFC, C)
Thursday, March 31, 2011 - 12:20pm | 173The financial sector is leading to the downside again on Thursday. Over in Europe, the market learned that Irish Banks need 24 billion Euro in new capital and the shares of Bank of Ireland (NYSE: IRE) and Allied Irish Banks (NYSE: AIB) have been halted on the New Stock Exchange. American banks...
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Benzinga's Political Roundup (DNDN, MSFT, IRE, AIB, AIG, GOOG)
Thursday, March 31, 2011 - 12:09pm | 287The Federal Reserve has announced which banks borrowed from the Fed discount window during the 2008 financial crisis. A federal judge dismissed a lawsuit filed by pension funds who claimed Freddie Mac materially misrepresented its exposure to risky mortgage products. Vice President Joe Biden...
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Irish Stress Tests Released (AIB, IRE)
Thursday, March 31, 2011 - 11:36am | 65The Irish central bank has released the stress tests for its four banks, and the banks need a collective 24 billion Euros in capital. The Bank of Ireland (NYSE: IRE) needs 5.2 billion Euros, Irish Life needs to raise 4 billion Euros, EBS needs to raise 1.5 billion Euros, and Allied Irish Banks (...
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Irish Regulators Says Four Banks Need 24 Billion Euros (IRE)
Thursday, March 31, 2011 - 11:35am | 47The Irish Regulators says Four EU Banks Need $EU 24 billion More Capital, including the Bank of Ireland (NYSE: IRE). The Bank of Ireland needs to raise 5.2 billion euros of new capital. Allied Irish Bank needs to raise 13.3 billion euros.
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Options Brief: National Bank of Greece S.A. (NBG)
Thursday, March 31, 2011 - 10:34am | 95Shares of National Bank of Greece S.A. (NYSE: NBG) are lower on the session by 1.58%, trading at $1.76. Overall put volume is now running at 10.86x the daily average, with 96% of all puts traded being purchases on the offer. 12,303 contracts have traded on the session so far. National Bank of...
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Ireland May Merge Two Banks (AIB)
Thursday, March 31, 2011 - 9:37am | 72According to Bloomberg, Ireland may announced a merger of two of its biggest lenders, in an effort to strengthen them. The Irish government is considering merging EBS Building Society, its fifth-largest lender into Allied Irish Banks Plc (NYSE: AIB), the second-largest. There could be an...
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A Peek Into The Market Before The Trading Starts
Thursday, March 31, 2011 - 7:20am | 440Pre-open movers US stock futures are mixed this morning, as investors are awaiting jobless claims data. Futures for the Dow Jones Industrial Average gained 4 points to 12,290.00 and S&P 500 index futures fell 0.40 point to 1,323.50. Nasdaq 100 futures dropped 1 point to 2,333.50. A Peek Into...
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BlackRock and Mizuho Sign Business Alliance Agreement
Thursday, March 31, 2011 - 7:01am | 134BlackRock, Inc. (NYSE: BLK) and Mizuho Financial Group, Inc. (NYSE: MFG) announced today that they have signed a Business Alliance Agreement that will further promote strategic cooperation between the two firms in Japan and Asia. The two firms had announced their intent to sign the agreement in...
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Bank Of Ireland Needs 5 Billion Euros (IRE)
Wednesday, March 30, 2011 - 2:06pm | 64A headline just came over the wires saying that the Bank of Ireland (NYSE: IRE) may need as much as 5 billion Euros according to the European Union stress test results. The Irish Central Bank is going to publish the bank's capital needs tomorrow. Shares of IRE are down 7 cents to $1.76, a loss...
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Banks Continue To Trade Terribly (BAC, WFC, JPM, C)
Tuesday, March 29, 2011 - 12:52pm | 114The major money-center banks continue to trade abysmally on Tuesday, as it seems that these names will never turn the corner - which is not a good sign for the economy. Bank of America (NYSE: BAC), predictably, is leading the complex lower. Today, the shares have shed 1.42% to $13.18, despite a...
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Mad Money Lightning Round: Cramer Likes Gentex, Micron Technology (AES, CHS, ASNA, BTU, WLT, LLY, LYG, GNTX, MSFT, INTC, CSCO, MU)
Tuesday, March 29, 2011 - 1:22am | 315On CNBC's Mad Money, Jim Cramer said during the Lightning Round that AES Corp (NYSE: AES) is a “great play on the growth of electricity. That's an inexpensive stock." He likes Chico's (NYSE: CHS). He added, “That's a nice turn over there. It reminds me of Ascena Retail Group (NASDAQ: ASNA)."...
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Benzinga's Top ETF Decliners, March 28th (URA, BAL, EPU, UCO)
Monday, March 28, 2011 - 7:00pm | 205Global X Uranium ETF (NYSE: URA) fell 5.16% on Monday as the uranium stocks traded lower on renewed radiation fears. Investors believe that the problems in Fukushima nuclear plant could lead to lower global demand for uranium. iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE: BAL)...
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Zings Of The Day (AIB)
Monday, March 28, 2011 - 3:56pm | 93Ireland's government wants to put some losses on senior debtholders of Irish banks like Allied Irish (NYSE: AIB) to prevent taxpayers from taking the whole burden. Taxpayers were complaining there was not enough Guinness in all of Ireland to get this deal done. Democrats are proposing roughly $...
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Market at Point of Indecision 03-28-2011
Monday, March 28, 2011 - 3:15pm | 893Cusick's Corner The market is at a point of indecision, especially with the market digesting quite a move to the upside, hitting resistance at the very point in February where there was a glut of congestion and finally the lack of volume. Also the proverbial Canary in the coal mine is chirping,...
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Benzinga's Political Roundup (AIB, IRE, USO)
Monday, March 28, 2011 - 12:16pm | 129German Chancellor Angela Merkel lost a key regional election yesterday, which would weaken her authority going forward. Ireland's government wants to put losses on debt holders of Irish banks such as Allied Irish (NYSE: AIB) and Bank of Ireland (NYSE: IRE) to help reduce the burden on taxpayers...