Barclays' Interest Rate Fixing Takes Toll on Big Banks -- JPMorgan Among Banks Investigated by Regulators
Five Star Equities Provides Stock Research on Barclays and JPMorgan
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 07/06/12 -- Shares of the major banks fell Thursday as concerns regarding the London interbank offered rate (LIBOR) scandal spread. "The two-year investigation into banks rigging Libor, which has taken a toll on Barclays, has the potential to hurt Citigroup, JPMorgan and Bank of America," Mike Mayo, an analyst at CLSA Ltd., wrote in a recent research note. Five Star Equities examines the outlook for companies in the Banking Industry and provides equity research on Barclays PLC (NYSE: BCS) and JPMorgan Chase & Co. (NYSE: JPM).
Access to the full company reports can be found at:
Shares of Barclays plunged a day after the bank was ordered to pay a $451.4 million regulatory fine for attempting to rig benchmark interest rates. Bank of America, Citigroup and JPMorgan are among the banks currently being investigated by regulators from the U.S. and the U.K.
"They're facing the possibility of large civil suits, and there's a great debate right now over whether these banks have reserves for litigation," said Nancy Bush, bank analyst and contributing editor to SNL Financial. "This is just one more issue they really didn't need."
Five Star Equities releases regular market updates on the Banking Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Barclays recently announced the resignation of Bob Diamond as Chief Executive and a Director of Barclays with immediate effect. Marcus Agius will become full-time Chairman and will lead the search for a new Chief Executive. Shares of the Barclays have fallen over 17 percent in the last week.
JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.3 trillion and operations worldwide. The company will present a review of second quarter 2012 financial results and an update on CIO on July 13, 2012 at 7:30am (Eastern). Shares of JPMorgan had dropped 4.18 percent at close Thursday.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
Contact:
Five Star Equities
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 06.07.2012 - 12:20 Uhr
Sprache: Deutsch
News-ID 162867
Anzahl Zeichen: 0
contact information:
Town:
NEW YORK, NY
Kategorie:
Commercial & Investment Banking
Diese Pressemitteilung wurde bisher 178 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Barclays' Interest Rate Fixing Takes Toll on Big Banks -- JPMorgan Among Banks Investigated by Regulators"
steht unter der journalistisch-redaktionellen Verantwortung von
Five Star Equities (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
