trending Market Intelligence /marketintelligence/en/news-insights/trending/nHUhIc3_LQGaxR-nyTUwTQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

JPMorgan's Bear Stearns deal pays off; Santander to challenge fintechs in 2020

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


JPMorgan's Bear Stearns deal pays off; Santander to challenge fintechs in 2020

Eleven years after JPMorgan Chase & Co. purchased Bear Stearns for $10 per share, the deal finally breaks even, with CEO Jamie Dimon's stake crossing $1 billion for the first time — not including options, other restricted shares and purchases, The Wall Street Journal reports. As a result, JPMorgan's stock value has hit an all-time high, beating the KBW Nasdaq Bank Index, the report said.

In an interview with American Banker, Santander Holdings USA Inc. CEO Timothy Wennes elaborated on the firm's growth plans, which included steps to challenge financial technology companies and building its commercial lending business. As part of the plans, Santander will launch an unsecured consumer loan in early 2020 and roll out a national consumer deposit gathering platform. In addition, Wennes emphasized keeping risk management a priority and expanding its commercial real estate business in "both the middle market and mid-corporate space."

Speaking to investment professionals in New York, Invesco Ltd. CEO Martin Flanagan flagged concerns over the future of the asset-management industry, as clients around the world are increasingly using fewer money managers, the Financial Times reports. "[T]hat just changes the landscape like we've never seen before," Flanagan said. Specific to Invesco, along with the industry-related pressures, acquisition of New York-based OppenheimerFunds Inc. led clients pull back from one of its main investment strategies, making it the worst-selling fund manager globally in 2019, the report said. The group's funds lost more than $1 billion a week over the past year.

Now featured on S&P Global Market Intelligence

FIG i-bank deals in 2019 will remake league tables in 2020: Several investment banks focused on financial institutions agreed to sell in 2019, and the transactions should reshape future M&A league tables, especially in the depository sector. Three of 2019's announced targets — Sandler O'Neill & Partners, FIG Partners and Banks Street Partners — finished among the top 15 bank and thrift M&A advisers by deal volume in 2018.

The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Asia, the Nikkei 225 was up 0.60% to 23,924.92. (The Hang Seng was closed.)

Most European markets are closed Dec. 26.

On the macro front

U.S. jobless claims and the U.S. Fed balance sheet and money supply are due out today.

Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.

The Daily Dose has an editorial deadline of 7:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.