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Sep 28, 2015

SEC Charges Trinity Capital Corporation and Former Bank Executives With Accounting Fraud: SEC | Press Release - Enforcement Action on September 28, 2015.

SEC Seal

The Securities and Exchange Commission today announced that Trinity Capital Corporation and its wholly-owned subsidiary, Los Alamos National Bank, have agreed to pay $1.5 million to settle accounting fraud charges.
An SEC investigation found that Trinity materially misstated its provision for loan losses and its allowance for loan and lease losses in its quarterly and annual filings with the Commission during 2010, 2011, and the first two quarters of 2012.  Specifically, Trinity understated its reported 2011 net loss available to common shareholders by $30.5 million, reporting income of $4.9 million instead of a $25.6 million loss.

DealBook P.M. Edition on September 28, 2015: As Banks Retreat, Private Equity Rushes to Buy Troubled Home Mortgages With banks less willing to tackle distressed home loans, private equity.

 
 
Monday, September 28, 2015
TOP STORY
Charles and Pamela Hubbard of Sacramento briefly lost their home when a private equity firm's subsidiary dealt harshly with their request for a loan modification.
As Banks Retreat, Private Equity Rushes to Buy Troubled Home Mortgages With banks less willing to tackle distressed home loans, private equity and hedge funds have surged into the market. Critics say the new players are too quick to foreclose.

WSJ | Forex Closing on September 28, 2015

The Wall Street Journal Forex Closing
Major Currencies
Monday, September 28, 2015
Last
US$ vs.
Americas in US$ per US$ % chg
Argentina peso 0.1062 9.4151 0.03
Brazil real 0.2434 4.1083 3.37
Canada dollar 0.7465 1.3397 0.46
Chile peso 0.001416 706.30 0.80
Colombia peso 0.0003203 3122.42 1.63
Ecuador US dollar 1 1 unch
Mexico peso 0.0586 17.0709 0.58
Peru new sol 0.3084 3.2428 0.62
Uruguay peso 0.03427 29.1800 0.90
Venezuela bolivar 0.15872134 6.3004 unch
 
Asia-Pacific

WSJ Biggest Gainers Closing on September 28, 2015.

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:47 pm ET 09/28/2015
NYSE
Issue Volume Price Chg % Chg
Media General (MEG) 14,589,801 $13.64 2.49 22.33
Stoneridge (SRI) 159,929 11.79 0.99 9.17
Knowles (KN) 4,123,097 17.61 1.24 7.57
Alcoa (AA) 95,192,750 9.59 0.52 5.73
Sanchez Energy (SN) 3,238,242 5.57 0.24 4.50
Neenah Paper (NP) 254,160 58.41 2.48 4.43
SouFun Holdings ADR (SFUN) 7,312,837 5.84 0.23 4.10
KMG Chemicals (KMG) 77,679 21.55 0.76 3.66
Aerohive Networks (HIVE) 229,063 5.94 0.20 3.48
E.W. Scripps Cl A (SSP) 675,678 17.09 0.56 3.39
Orion Marine Group (ORN) 190,655 5.85 0.19 3.36
Q2 Holdings (QTWO) 383,758 24.62 0.77 3.23
Pzena Investment Management (PZN) 92,538 8.51 0.26 3.15
Leju Holdings ADR (LEJU) 141,423 4.92 0.13 2.71
Dr. Reddy's Laboratories ADR (RDY) 722,670 61.38 1.59 2.66
Graham (GHM) 45,311 17.20 0.43 2.56
Investors Real Estate Trust (IRET) 1,090,524 7.69 0.17 2.26
Ryerson Holding (RYI) 186,968 5.12 0.11 2.20
Federal Signal (FSS) 483,153 13.57 0.29 2.18
Rogers (ROG) 130,356 53.15 1.05 2.02
Chesapeake Utilities (CPK) 77,362 51.35 0.98 1.95
TRC Cos. (TRR) 139,238 12.05 0.22 1.86
Forestar Group (FOR) 304,778 13.67 0.24 1.79
New Oriental Education&Technology Group ADR (EDU) 1,168,496 19.03 0.33 1.76
Cvent (CVT) 484,462 33.80 0.57 1.72
 
Nasdaq

WSJ Most Actives Closing on September 28, 2015.

The Wall Street Journal Most Actives Closing
Most Active Stocks by Volume
4:47 pm ET 09/28/2015
NYSE
Issue Volume Price Chg % Chg
Alcoa (AA) 95,192,750 $9.59 0.52 5.73
Bank of America (BAC) 86,293,750 15.47 -0.42 -2.64
SunEdison (SUNE) 52,125,367 6.97 -1.53 -18.00
Rite Aid (RAD) 49,613,179 6.20 -0.60 -8.82
Freeport-McMoRan (FCX) 49,281,649 8.91 -0.89 -9.08
General Electric (GE) 42,228,807 24.31 -0.61 -2.45
Pfizer (PFE) 40,592,557 30.82 -1.07 -3.36
Ford Motor (F) 39,686,302 13.12 -0.41 -3.03
AT&T (T) 35,678,045 31.90 -0.43 -1.33
Sprint (S) 31,907,135 3.98 -0.32 -7.44
Energy Transfer Equity (ETE) 30,081,227 20.29 -2.95 -12.69
Williams (WMB) 29,788,745 36.56 -5.04 -12.12
Petroleo Brasileiro ADR (PBR) 27,993,288 3.72 -0.36 -8.82
Dow Chemical (DOW) 25,570,205 40.02 -1.88 -4.49
Chesapeake Energy (CHK) 22,222,716 6.71 -0.68 -9.20
Oracle (ORCL) 21,537,712 35.44 -0.61 -1.69
Citigroup (C) 21,303,579 49.03 -1.52 -3.01
Vale ADR (VALE) 21,170,054 4.07 -0.45 -9.96
Kinder Morgan (KMI) 21,096,590 27.55 -1.87 -6.36
Ambev ADR (ABEV) 20,726,087 4.71 -0.16 -3.29
Alibaba Group Holding ADR (BABA) 20,107,617 57.39 -1.85 -3.12
Huntsman (HUN) 19,961,994 9.92 -3.99 -28.68
Valeant Pharmaceuticals International (VRX) 19,730,776 166.50 -32.97 -16.53
Northstar Realty Finance (NRF) 19,157,110 12.29 -0.98 -7.39
Merck&Co (MRK) 19,151,737 48.42 -1.18 -2.38
 
Nasdaq