4 Financial Stock Stories to Close Out June Trading

Barclays (NYSE:BCS): Current price $17.08

An investor presentation posted to its website revealed that Barclays investment bank will transition some 4,000 jobs out of high-cost locations by 2015, but it was not disclosed to which locations the jobs would be moved. As of the end of last year, the bank had moved 2,000 jobs to less-expensive locations. It is thought that the most recent transfers may save between $304 million and $379 million. This story was originally reported by Bloomberg.

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BCS

US Bancorp (NYSE:USB): Current price $36.26

US Bancorp and First Niagara Financial Group are leading a consortium of banks which will provide $26.7 million in debt financing through which to build rooftop solar projects in Connecticut. In addition, the state will donate $9.5 million via its Clean Energy Finance and Investment Authority, according to a Friday statement. The Authority expects the program to lure tax-equity investors, leading to around $50 million in aggregate funding that will support rooftop power plants on roughly 1,500 homes and 40 businesses.

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USB

Deutsche Bank (NYSE:DB): Current price $42.01

The German megabank announced Friday that its Markets Prime Finance business has been honored in the 20th annual Global Custodian Prime Brokerage Survey. For the sixth straight year, Deutsche Bank earned the most “Top Rated”  awards. Clients also named the bank “Best in Class” in more categories than any other provider.

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DB

MasterCard Incorporated (NYSE:MA): Current price $570.68

MasterCard Worldwide is reaching out to American merchants and developers with Simplify Commerce, which is a new product that facilitates the acceptance of e-commerce and  mobile commerce payments, no matter the payment brand, in minutes. Merchants, particularly those managing smaller firms, do not always possess the readily available resources to aid them in establishing the payments-acceptance portion of their sites. Simplify Commerce is a developer-friendly solution that provides merchants the ability to accept electronic payments, which can lead to additional revenue and a also larger  customer base.

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MA

Don’t Miss: GE Capital Increases Its Lend Spend.

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