4 Financial Stock Stories to Kick Off a New Trading Week
MasterCard Inc. (NYSE:MA): Current price $755.77
On Monday, MasterCard announced a $500,000 grant to Weill Cornell Medical College to back research efforts meant to end women’s cancers. The researcher-in-residence position formed by this grant will collaborate closely with other investigators under the close direction of Dr. Lewis C. Cantley, who is director of the Weill Cornell Cancer Center. Cantley said that, “We are humbled by MasterCard’s extraordinary generosity in support of our efforts to make treatment of female cancers more precise and effective. This grant ensures that Weill Cornell can continue the critical scientific investigation that leads to breakthrough therapies.”
Deutsche Bank AG (NYSE:DB): Current price $45.96
Deutsche Bank reported that Clark Hutchison at Morgan Stanley will join the former as a managing director and head of US-listed derivatives. Hutchison will report directly to Managing Director and Global Head of Listed Derivatives Ajay Singh, and in his new role, he will lead the US listed derivatives division, including institutional sales across both listed derivatives and OTC client clearing. Before joining Deutsche Bank, Hutchison spent four years at Morgan Stanley, as the Global Head of Futures, managing research, execution, clearing, and product development.
American International Group Inc. (NYSE:AIG): Current price $49.07
Three knowledgeable sources say that the Taiwanese tycoon Richard Tsai and Chinese financier Xiao Jianhua are in discussions to help fund a $4.2-billion offer for AIG’s aircraft-leasing unit. Tsai’s family, and the businesses they control, would take a majority stake in the group that has agreed to acquire International Lease Finance Corp., according to two people, who requested anonymity. Xiao would primarily be involved in supplying financing. AIG has wanted to divest ILFC since 2008 when it started selling off units to repay a United States bailout. Besides that, closing the deal, which was reported in 2012, would help AIG Chief Executive Robert Benmosche lower debt of the insurer.
Lloyds Banking Group Plc. (NYSE:LYG): Current price $4.87
Aberdeen Asset Management PLC has struck a deal with Lloyds which analysts say will make it Europe’s number-one independent fund manager. Through a statement, Aberdeen said it will acquire Lloyds’ asset management unit Scottish Widows Investment Partnership for about $885 million in shares. For its part, Lloyds will receive a 9.9 percent interest in Aberdeen. The two will also establish a long-term strategic partnership through which Aberdeen will oversee assets on behalf of Lloyds.