Financial Sector Technical Briefing: Cys Investments, Fortress Investment Group, Associated Banc-cor

Finance News Update, what you need to know





The S&P 500 Financials Sector Index ended the day at 297.52, up 0.33%; and the same has gained 3.04% in the last one month and 12.51% in the previous three months, outperforming the S&P 500, which has advanced 1.65% and 10.97% during the respective periods. The major movers in the Financial sector included CYS Investments Inc. (NYSE: CYS), Fortress Investment Group LLC (NYSE: FIG), Associated Banc-Corporation (NASDAQ: ASBC), and MasterCard Inc. (NYSE: MA). For the original version including any supplementary images or video, visit http://online.wsj.com/article/PR-CO-20140110-905677.html









MADRID - Portuguese and Spanish sovereign borrowing costs have tumbled, heralding a dramatic market turnaround for debt-laden eurozone nations whose plight once raised fears for the bloc's very survival. PARIS - Annual inflation in advanced countries picked up to 1.5 per cent in November from 1.3 per cent the previous month, the OECD says. NEW YORK - Aluminum giant Alcoa will pay $US384 million ($A432 million) to settle charges it paid Bahrain officials huge bribes to secure business in the Gulf nation, US Justice officials have announced. BRUSSELS - The European Commission has extended a deadline for the introduction of a new faster and cheaper intra-bank payments system by six months following delays in some EU member states. For the original version including any supplementary images or video, visit http://www.finance.ninemsn.com.au/newsbusiness/aap/8740075/finance-news-update-what-you-need-to-know





Wall Street Insider Financial News, Headlines, Commentary and Analysis Hedge Funds, Private Equity, Banks





The life of a junior banker is one of the last forms of legalized slavery, said Roy Cohen, a career coach and author of The Wall Street Professionals Survival Guide. It is a gruelling survival of the fittest existence defined by all-nighters, no time to eat well or to exercise, and compensation that has remained flat for a number of years. Within investment banking, the highest levels of stress exist in M&A, said Richard Lipstein, managing director at Wall Street search firm Gilbert Tweed International. For the original version including any supplementary images or video, visit http://dealbreaker.com/2014/01/opening-bell-01-10-14/