By Sara Sjolin, MarketWatch
LONDON (MarketWatch) — The European Union is preparing to ban Europeans from buying any new bonds or stocks issued by Russia’s largest banks, as part of a new round of stricter sanctions that could be imposed later on Thursday, the Financial Times has reported.
The sanctions would be more far-reaching than the measures announced by the U.S. last week, which targeted only two Russian banks: Gazprombank RU:GZPR 0.00% and Vnesheconombank.
The European Commission’s Foreign Affairs Council said earlier in the week it was working on targeted measures and considered taking action on access to capital markets. The council said the proposals would be presented on Thursday.
“The Council recalls the previous commitments by the European Council and remains ready to introduce without delay a package of further significant restrictive measures,” it said in a statement on Tuesday.
Sanction details: The sanctions would forbid any European Union person from investing in debt, stocks or “similar financial instruments” with a maturity of more than 90 days and issued by state-owned Russian financial institutions, according to the document obtained by the Financial Times , Additionally, Russian banks would be banned from listing new securities on any European exchanges and would not be able to use EU stock markets to raise funds from non-Europeans.
Doral Financial is the sole guarantor on $200 million in senior unsecured notes due April 26, 2022, issued by the Puerto Rico Conservation Trust Fund.
Last week storage level was at 2129, last year at the same time it was 2737, that's 608 BCF below last year, the 5 year average at the same time was 2856 which means we are 727 BCF below the 5 year average, cool season has everyone believing we will get supplies back to the 5 year average, chances of that happening is slim, next we start NG EXPORT January, this has been great to see NG drop so much and to finally start a position, good luck everyone
Hello Late, Puerto Rico is the only one in the world who has in there constitution it has to pay back bond holders before it can pay government employees and a lot more, you might want to look that up. Also the 229 million is only 43% of Dorals Tier 1 and that mortgage sell was a great deal even selling at a loss but it didn't lose what your saying. Also Doral Insurance Company was sold, its all profit and wont be disclosed until second half of the year...
DALLAS, May 15, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Triumph Bancorp, Inc., through its subsidiary, THE National Bank, a full service community bank, today announced the signing of a definitive agreement to acquire the lending platform and certain assets of Doral Healthcare Finance, an asset based lender focused exclusively on the healthcare industry. Doral Healthcare Finance is a division of Doral Money, which is a subsidiary of Doral Bank, with operations in Puerto Rico and the U.S. Doral Bank, Inc. is a subsidiary of Doral Financial Corporation (DRL).
Aaron Graft, founder and CEO of Triumph Bancorp, Inc. said, "Triumph's presence in the commercial finance marketplace makes Doral Healthcare Finance a natural fit for our organization as we expand our asset based lending offerings to the healthcare industry."
Dan Karas, Triumph's Executive Vice President of Asset Based Lending remarked, "I have worked with the leadership at Doral Healthcare Finance for years and am excited about the opportunity to reunite with former colleagues. We are eager to begin serving the asset based lending market in healthcare through the foundation they have built."
Jennifer Sheasgreen, Division President of Doral Healthcare Finance stated, "Doral has been a great partner for us over the past several years and we appreciate their support. We look forward to joining the Triumph family and continuing to serve our client base."
The terms of the transaction are not being disclosed at this time. The transac
my company is making the cannabis spit can, I think all pot chewers will want one, what do you think? LOL
its a triple long for Natural Gas, natural gas has dropped for 2 months straight and tomorrows EIA report comes out, hoping its in favor of the longs, good luck everyone
July 23, 2014
08:32 EDT DRL Doral Financial says Supreme Court revokes Court of Appeals ruling
Doral Financial disclosed in a regulatory filing that on July 22, the Supreme Court of Puerto Rico revoked the Court of Appeals ruling in favor of Doral expediting the mandate and remanding the case to the Court of First Instance to be continued immediately. The Supreme Court, for a third time, recognized the important public interest and urgency of this case and ordered the Court of First Instance to act diligently and immediately. "The Supreme Court’s ruling does not alter the earlier determination by the Court of Appeals that, in order to annul the Closing Agreement, the Treasury Department has the burden to prove in an evidentiary hearing fraud, malfeasance or misstatement of material fact on the part of Doral," the company said. Doral shares are up 10% in pre-market trading following the ruling and the company's disclosure.
Puerto Rico can be rated junk, it doesn't matter, Puerto Rico uses the U.S dollar as there currency, but if your betting that Puerto Rico and crash the value of the dollar to rate it junk go for it and good luck
Something went wrong its down a few pennies but DRL is doing nicely, will be selling a third of my shares in DRL today, it should go back down until the court case is settled, then buy back what I sell today in the 5`s by next week. Keeping 2/3 of my shares incase a behind the sence settlement happens, good luck
Hello Brenda, I rarely peg the top or bottom of a stock, the main thing is if we sell at a profit, if you sold today you still made decent money, congratulations
Sophocles believe in what Musk who owns tesla says and that fuel cells is called fool cell by Musk. When you read what FCEL is about and if you know anything about Fuel Cells you would say that stock is a pile of junk and I would of agreed with you until todays news, and its not the German grant money. An article that came out was FCEL and GE which included PLUG, FCEL is all about high power producing Fuel Cells, its not needed until today. GE is building the first Fuel Cell power plant in New York, that requires high power fuel cells and can only be bought from FCEL, PLUG builds Fuel Cells with storage and several other option while FCEL only works on creating High Power Fuel Cells, connect the dots, FCEL is getting involved in power plants, its the industrialize Fuel Cell on the market with the best people in the world working at that company. but this is just a flip stock for me, ps this is not a recommendation to buy and/or sell FCEL
Well its my lucky day, U.S says Russia didn't shoot down that plane, and just look at that RSI and of course the MFI, SBRCY is primed for that long pump hehe, sorry I couldn't resist
Should have bought yesterday but getting in at 9.10 is still a great buy for Sberbank, will add more if tensions continue to build up between Ukraine and Russia, good luck everyone