Here’s the 21 Top Mega-Financial Stock Stories of the Week

Here’s your Cheat Sheet to this week’s top financial industry business headlines:

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UBS (NYSE:UBS): Current price $15.40

On Monday, UBS reported that it has filed an arbitration demand against Nasdaq OMX Group over losses from Facebook’s problematic May IPO. The former’s intention is to be fully compensated for its losses, which it has said went over $350 million. Also on Monday, Nasdaq said that the U.S. Securities and Exchange Commission approved its compensation plan for firms harmed in the IPO, which would compensate a total of $62 million, spread out over all qualifying firms that  for reimbursement.

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UBS

Manulife Financial Corporation (NYSE:MFC): Current price $14.76

The insurer has said that it paid Chief Executive Donald Guloien C$10.4 million in 2012, representing a 20.5 percent rise from 2011 because of  the company’s increased profit. Guloien led Manulife through a rebuilding as it has shrank its exposure to financial markets, and earned base salary of C$1.1 million, along with other compensation including stock and options awards of C$6 million and a cash bonus of C$2.8 million, said a regulatory filing. That amount was up from C$8.7 million in total compensation for 2011.

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MFC

Bank of America Corporation (NYSE:BAC): Current price $12.20

Investor pressure appears to be prompting Bank of America to initiate a new compensation policy through which Chief Executive Brian Moynihan and a number of other top executives will be required to hold many shares for a minimum of a year after they retire, says Reuters, citing exchanges between the firm and the Securities and Exchange Commission.

Chief Excutive Brian T. Moynihan stated Tuesday in an interview for PBS television’s Charlie Rose, that he would not mind being chief executive of the lender forever. Moynihan commented that “It’s the best job there is. While there have been times when you sit there and say, ‘Jeez, this is a lot of pounding,’ you always keep your eye on the purpose you’re here. And that’s to help people with their financial lives — if you really keep focused on that, I could do this the rest of my life.”

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Goldman Sachs Group (NYSE:GS): Current price $147.26

It seems to be official: The investment bank nicknamed “Government Sachs” because so many senior executives who have moved into public posts, will not be entering politics itself. The idea was proposed in 2012 by Harrington Investments President John Harrington, who said that the $6.39 million in 2012 political contributions from Goldman employees risks doing more harm to its reputation. He also said that the bank should explore running for office, using a United States Supreme Court ruling that corporations have similar political rights to those of individuals, explaining that “It would be less damaging to the integrity of our political system and our company, for our corporation to directly run for office as a person under federal or state law, than to continue in the current form of political participation.” However, a letter last month from the U.S. Securities and Exchange Commission agreed the firm can exclude the measure from a vote at its annual meeting, thus removing that potential hot potato from Goldman executives.

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GS

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Berkshire Hathaway (NYSE:BRKB): Current price $104.31

The Goldman Sachs Group announced Tuesday that it has modified its warrant agreement with Berkshire Hathaway, and certain of its subsidiaries  from cash settlement to net share settlement. Chairman and Chief Executive Officer of Berkshire Hathaway Warren Buffett commented, ”We intend to hold a significant investment in Goldman Sachs, a firm that I did my first transaction with more than 50 years ago. I have been privileged to have known and admired Goldman’s executive leadership team since my first meeting with Sidney Weinberg in 1940.” The press release reported that “Under the amended agreement, Goldman Sachs will deliver to Berkshire Hathaway the number of shares of common stock equal in value to the difference between the average closing price over the 10 trading days preceding October 1, 2013 and the exercise price of $115 multiplied by the number of shares of common stock covered by the warrant (43,478,260).”

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M&T Bank Corporation (NYSE:MTB): Current price $103.15

Later in the spring, Bank of America Corporation intends to close its mortgage-servicing operations at CrossPoint Business Park in Getzville, New York, and when that happens hundreds of jobs, perhaps up to 500, will be eliminated. However, there is a bright side for the current 1,300 employees there now: M&T Bank has agreed to assume BofA’s current lease beginning May 31st, and intends to fill 600 positions in support of its growing mortgage sub-servicing division, according to a spokesperson.

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MTB

Fiserv (NASDAQ: FISV): Current price $87.80

The supplier of financial services tech solutions has announced a partnership with a Romanian solution integrator, Eutron Invest Romania, through which to provide the entire Cash and Logistics solution portfolio from Fiserv to the Romanian market. The solution portfolio will mostly concentrate upon the Integrated Currency Manager cash management system, Device Manager, and CorPoint, which is the end-to-end cash management system for retailers, but will also cover the full spectrum of cash and logistics needs.

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FISV

Intervest Bancshares Corp. (NASDAQ:IBCA): Current price $5.88

The holding company for Intervest National Bank reported that actions taken by the bank have caused the termination of the formal agreement dated December 9, 2010 between the bank and the Office of the Comptroller of the Currency. The bank is thus no longer subject to any formal or informal regulatory agreement.

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IBCA

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Deutsche Bank (NYSE:DB): Current price $39.11

Germany’s big bank has been placed on watch for a possible downgrade by Standard & Poor’s Ratings Services after it recently disclosed a downward revision of its earnings estimates. Deutsche Bank is presently rated at A-plus, six levels into investment grade. The ratings firm explained that ongoing economic, regulatory, and legal risks will continue to impact the bank’s performance, adding that its 2012 results were weak overall. S&P said that these risks could deter the rate of internal capital generation and its ability to divest risk assets at acceptable cost.

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DB

The Royal Bank of Scotland Group (NYSE:RBS): Current price $8.42

On Tuesday, a high United Kingdom Treasury official that breaking up the  state-controlled lender into a “good” and “bad” bank has not quite been taken off the table, and that such a thing might at some point be recommended by government members. The permanent secretary to the treasury Nicholas Macpherson told a panel of lawmakers that oversees economic policy in the United Kingdom that proposals to split RBS into a good bank that can be taken private and a bad bank replete with RBS’s bad loans “might be the right thing to do.” However, he indicated that lawmakers and the public should be “under no illusions” that such a strategy would be quick and cheap.

RBS and Lloyds Banking Group may now avoid the requirement to sell new shares to reinforce their balance sheets, after the Bank of England employed more lenient rules than those pushed by European regulators. On Wednesday, the lenders were advised that they need to raise 25 billion pounds in additional capital, of which they have already laid presented plans to cover around half. By targeting a core Tier 1 capital ratio of 7 percent by the end of this year, instead of the 10 percent by 2019 mandated by the Basel Committee on Banking Supervision, it is no longer necessary for companies to raise that much.

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RBS

General Electric Company (NYSE:GE): Current price $23.13

GE Capital Retail Bank has extended its multi-year agreement so as to offer the Belk Rewards private label credit card program. Belk, the country’s biggest privately-owned retailer, divested the credit card portfolio to GE Capital and debuted the enhanced offering in 2005. GE Capital’s Retail Finance unit, which manages the relationship and services the account, is also honoring Belk’s 125th anniversary by introducing an updated branded credit card with a 125 years icon to their account holders and being an exclusive, presenting sponsor for Belk’s 125 Days of Service initiative, dedicated to improving conditions at 250 Title 1 schools in low-income communities throughout 16 states.

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GE

American Express Company (NYSE:AXP): Current price $67.47

American Express and Wal-Mart Stores have announced that their joint Bluebird debit and checking alternative which debuted in October now comes with $100,000 of FDIC insurance, besides the already known fact that Bluebird added an important convenience: direct deposit for all government payments. In 2012, the two partners said that Bluebird was created for the tens of millions of Americans who do not use banks, referring to them as the “unbanked, underbanked and the unhappy banked.”

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AXP

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Credit Suisse (NYSE:CS) announced on Wednesday that it has signed an agreement to acquire Morgan Stanley’s (NYSE:MS) wealth management businesses in Europe, Middle East, and Africa (“EMEA”), excluding Switzerland. All told, the businesses manage more than $13 billion in assets for high net worth clients across the region, with management nodes in the UK, Italy, and Dubai.

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Shares of Credit Suisse edged fractionally lower in afternoon trading after the announcement, while Morgan Stanley edged fractionally higher. The deal is somewhat marginalized by its relatively small size. Credit Suisse run the world’s fifth-largest private banking operation with about $842 billion under management.

Details of the deal were not disclosed, but it is expected to resolve sometime this year.

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Citigroup (NYSE:C): Closing price $44.24

The Federal Reserve has ordered Citigroup to more throughly check for the risk of money laundering, as part of a broad Unites States regulatory tightening on the potential for illicit money flows, according to Reuters. Citigroup’s board was told to submit a plan within 60 days through which to improve its oversight of companywide anti-money laundering compliance, according to a consent order dated March 21, but only made public Tuesday. The order increases upon similar directives targeted at several Citigroup divisions in 2012.

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Hartford Financial Services Group (NYSE:HIG): Closing price $25.78

The Hartford, along with with Hartford Life, announced Wednesday the acceptance of notes and early settlement of its previously announced cash tender offers for senior debt in an aggregate principal amount of $800 million. Settlement occurred on Tuesday.

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HIG

Wells Fargo & Co. (NYSE:WFC): Closing price $37

The most highly valued United States bank paid a board member’s son around $1.4 million in 2012 for his work in a division charged with investing deposits. Scott P. Quigley received the compensation as a manager in the principal investments group, according to the lender’s most recent proxy filing. His father, Philip J. Quigley, has been a Wells Fargo director since 1994, is stepping down from the board in April. Niether person would comment, and the bank declined to make them available.

Wells Fargo is so far the only one of the Big Banks to cash in, so to speak, on the energy boom in the Norther Plains states, by gaining significant deposits from beneficiaries of the phenomenon. Research by Sanford C. Bernstein & Co. indicates that Montana, North Dakota, Iowa, South Dakota, and Nebraska were among the ten states altogether that saw federally insured deposits grow the quickest in the five years through 2012. Deposits at Wells Fargo branches across those states jumped more than at the other lenders, as rivals such as JPMorgan Chase & Co. and Bank of America Corporation did not compete or lagged behind.

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WFC

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Two Harbors Investment Corp. (NYSE: TWO): Current price $12.60

On Thursday, the corporation announced the final distribution ratio for the special dividend of its shares of common stock in Silver Bay Realty Trust Corp. As reported on March 18, the special committee of the board declared a special dividend through which Two Harbors will distribute, on a pro rata basis, 17,824,647 shares of Silver Bay common stock to stockholders of record at the close April 2nd. The stockholders will receive around 0.049 shares of Silver Bay common stock for each share of Two Harbors common stock they own of record as of April 2, subject to the liquidation of fractional shares for which stockholders will receive cash in lieu.

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Morgan Stanley (NYSE:MS): Current price $22

Hans Nichols tweeted that Chief Financial Officer Ruth Porat has told the White House that she is not interested in the number-two spot at the United States Treasury.

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MS

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