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Feb 10, 2016

DealBook P.M. Edition - February 10, 2016: Top Story: Natixis Acquires 51% Stake in Peter J. Solomon Co.

Wednesday, February 10, 2016
TOP STORY
Natixis Acquires 51% Stake in Peter J. Solomon Co. The French bank increases its presence in the United States by buying a majority stake in one of the nation's oldest boutique advisory shops.

FDIC Board Meetings Agenda for February 17, 2016.

fdic.gov

FDIC: Board Meetings


FEDERAL DEPOSIT INSURANCE CORPORATION

Sunshine Act Meeting

WSJ | Biggest Decliners Closing on February 10, 2016.

The Wall Street Journal Biggest Decliners Closing
Biggest Decliners
4:46 pm ET 02/10/2016
NYSE

WSJ | Biggest Gainers Closing on February 10, 2016:

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:46 pm ET 02/10/2016
NYSE

WSJ | Most Actives Closing on February 10, 2016.

The Wall Street Journal Most Actives Closing
Most Active Stocks by Volume
4:31 pm ET 02/10/2016
NYSE

Federal Reserve Bank of New York.Org - February 10, 2016: Tentative Outright Agency MBS Operation Schedule.


Tentative Outright Agency Mortgage-Backed Securities Operation Schedule
The Desk's tentative operations schedules associated with outright purchases of agency mortgage-backed securities (MBS) securities as announced by the Federal Open Market Committee.

Wall Street at Close Report on February 10, 2016, by CNBC: Stocks Failed to Hold Rally; Earnings Eyed

cnbc.com
 
Fred Imbert
 
U.S. stocks closed mostly lower on Wednesday as investors digested remarks from Fed Chair Janet Yellen, as well another choppy trading in oil.
"It's a lack of bullish impetus," said Adam Sarhan, CEO of Sarhan Capital. "Anytime you see the market trying to rally, you get strong selling pressure."
Leading the three major indexes was the Nasdaq composite, which briefly rose over 2 percent as technology stocks gained ground. Netflix and Alphabet shares gained 3 percent and 1 percent, respectively.

SEC Press Release - February 10, 2016: SEC Adopts Cross-Border Security-Based Swap Rules Regarding Activity in the U.S.

 SEC Seal
The Securities and Exchange Commission today voted to adopt rules that require a non-U.S. company that uses personnel located in a U.S. branch or office to arrange, negotiate, or execute a security-based swap transaction in connection with its dealing activity to include that transaction in determining whether it is required to register as a security-based swap dealer.  The rules, adopted under by the Dodd-Frank Wall Street Reform and Consumer Protection Act, would help ensure that both U.S. and foreign dealers are subject to Title VII of the Act when they engage in security-based swap dealing activity in the United States.  

Bits | The Business of Technology - February 10, 2016: A Rough Ride for Tech Stocks, and It's Not Over.

The New York Times
Wednesday, February 10, 2016

Daily Report

A Rough Ride for Tech Stocks, and It's Not Over | It has been a rough year for tech stocks. Yes, even rougher than most everyone else on Wall Street (though a few energy companies might dispute that claim).

CMI Spot Prices as of Close of Trading in New York on February 10, 2016.

Spot Prices as of traditional New York closing times

Wednesday, February 10, 2016


 

The Guardian | Opinion | Austerity - February 10, 2016: David Cameron's Mother has Spoken Against Cuts - Will Her Son Finally Listen? by Patrick Butler.

theguardian.com

Patrick Butler
 
The prime minister’s mother, Mary Cameron, has signed a petition against the planned closure of children’s services in Oxfordshire, the Tory-run council that covers her son David’s Witney constituency. There is a delicious piquancy to her act of rebellion – cue Twitter fantasies that her wayward son faces a maternal dressing down over Sure Start cuts, and might even be sent to the “naughty step”.

SEC Litigation Release - February 10, 2016: SEC Obtains Final Judgment Against Moazzam "Mark" Malik and American Bridge Investment Group, LLC, d/b/a Wolf Hedge LLC.

SEC Seal

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 23463 / February 10, 2016

Securities and Exchange Commission v. Moazzam "Mark" Malik and American Bridge Investment Group, LLC, d/b/a Wolf Hedge LLC, Civil Action No. 15-1025 (RJS) (S.D.N.Y.)

SEC Obtains Final Judgment Against Moazzam "Mark" Malik and American Bridge Investment Group, LLC, d/b/a Wolf Hedge LLC

RT Cross Talk - February 10, 2016: Rumors of War.

CrossTalk: Rumors of War

RT RT
Published on Feb 10, 2016
Wars and rumors of wars: The Pentagon has requested an unprecedented budget. What threatens the United States and its allies the most? Is Russia one of those threats, or is it more failed military interventions?

European Markets at Close Report by CNBC on February 10, 2016: Europe Ends 2% Up as Banks Soar; Yellen, Oil Eyed.

cnbc.com

Alexandra Gibbs, Arjun Kharpal, Holly Ellyatt
 
European equities ended Wednesday sharply higher as sentiment was boosted by a rally in banks and remarks from Federal Reserve Chair Janet Yellen on the state of the U.S. economy and global growth.
The pan-European STOXX 600 closed 2 percent higher provisionally. London's FTSE 100 finished 0.8 percent up, while France's CAC 40 and Germany's DAX charged ahead, both closing trade almost 2 percent up.

EBRD Press Release - February 10, 2016: Hellenic Financial Stability Fund - 4 Banks

 EBRD

ebrd.com



Project Description:
The Hellenic Financial Stability Fund (the Client) has requested the European Bank for Reconstruction and Development (the EBRD or the Bank) to provide technical assistance for undertaking a review and evaluation of the boards of directors and boards' committees of the four largest banks in Greece (ie Alpha Bank, Eurobank, Piraeus Bank and National Bank of Greece), according to Article 10 paragraphs 5-9 of Greek law 3864/2010, as applicable (the HFSF Law), (the Project).

Zika Spreading Worldwide - February 10, 2016: Selected Articles From Reuters


ZIKA SPREADING WORLDWIDE
  1. Asian Scientists Race to Make Zika Test Kit, but Lack of Live Sample a Challenge
  2. Zika Disease of the Poor May Not Change Abortion in Brasil 
  3. Zika no Threat to Rio Games, German Olympic Doctor Says 
  4. China Confirms First Case of Zika Virus, Xinhua 
  5. Finland Has Had  Two Cases of Zika Virus. Official
  6. U.S. to Study Zika Link to Guillain-Barren in Puerto Rico

GATA | THE GATA DISPATCH -February 10, 2016: Gold Strenngthens as Central Bank Money Injections Fail, Embry Says


Submitted by cpowell on, February 10, 2016.Wednesday, February 10, 2016

Sprott Asset Management's John Embry tells King World News today that money injections by central banks are having less effect on the markets, that the gold price is showing strength, and that gold mining shares have never been as undervalued. An excerpt from the interview is posted at KWN here:

FRB Speech by Vice Chairman Fischer on the lender of last resort function in the United States




Vice Chairman Stanley Fischer

At "The Lender of Last Resort: An International Perspective," a conference sponsored by the Committee on Capital Markets Regulation, Washington, D.C.

February 10, 2016

The Lender of Last Resort Function in the United States

U.S. Stock Market Future Indications Update - February 10, 2016, by CNBC: U.S. Higher After Yellen Testimony.

cnbc.com

Jenny Cosgrave
 
U.S. stock index futures pointed to a sharply higher open on Wednesday after a very volatile week so far, as investors digested the written testimony from Federal Reserve Chair Janet Yellen.
In her prepared remarks, Yellen said that, if the economy were to disappoint, a lower path of Fed funds rates would be appropriate. She also said that near-term inflation remains low due to falling energy prices, but that the FOMC expects inflation to reach 2 percent in the medium term
Dow futures held about 110 points higher after the testimony's release, after briefly gaining 150 points. Yellen is scheduled to testify in front of Congress Wednesday and Thursday.

Reuters | Business - February 10, 2016: Staples Wins EU Approval for $6.3 Billion Office Depot Buy.

reuters.com
 
Staples Inc's proposed takeover of Office Depot Inc has been approved by European regulators after the U.S. office supplies retailer agreed to sell some of the European operations of its smaller rival. The approval comes two months after the U.S. antitrust regulator filed a complaint to block the $6.3-billion deal on concerns that it would reduce competition for nationwide contracts for office supplies in the United States.

FRB Testimony by Chair Yellen on the semiannual Monetary Policy Report to the Congress - February 10, 2015.


Testimony

Chair Janet L. Yellen


Semiannual Monetary Policy Report to the Congress

Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C.

February 10, 2016

NYT First Draft on Politics - February 10, 2016: Populist Tide Sweeps Trump and Sanders to Win in New Hampshire by MMaggie Haberman.

Wednesday, February 10, 2016

The New York Times

NYTimes.com/FirstDraft »

The New York Times

Wednesday, February 10, 2016

The crowd at the victory speech of Senator Bernie Sanders of Vermont at Concord High School in Concord, N.H., on Tuesday night.
The crowd at the victory speech of Senator Bernie Sanders of Vermont at Concord High School in Concord, N.H., on Tuesday night. Todd Heisler/The New York Times
Populist Tide Sweeps Trump and Sanders to Win in New Hampshire
By MAGGIE HABERMAN

The Guardian | Business | Markets - Stock Markets - February 10, 2016+: |Market Turnmoil: European Shares Rally After Australia Renters Bear Territory - Business Live

theguardian.com

Graeme Wearden
Aprx

Lagarde: Ukraine must reform, or we walk

Bank shares race higher

Updated

Credit Suisse CEO: Don't panic!

Updated

UK industrial production takes a tumble

European shares rebound from two-year lows

Updated
Updated

European markets open higher

Australia enters bear market

Updated

The Agenda: Oil, Deutsche Bank and Yellen

Updated