HALISTER: Wells Fargo Should Have Done More Sooner, CEO Stumpf Says

Wells Fargo Should Have Done More Sooner, CEO Stumpf Says

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
WFC US (Wells Fargo & Co)
1025593D US (United States House Committee on Financial Services Committee)

People
John Stumpf (Wells Fargo & Co)
Elizabeth Warren (United States Senate)
Jeb Hensarling (United States House of Representatives)

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UUID: 7947283

HALISTER1: BARC Credit Canada Inc. 2016-A Notes - Presale Report

BARC Credit Canada Inc. 2016-A Notes - Presale Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Jamie Feehely (DBRS Ltd)
Justin Tsang (DBRS Inc)
King Lam (DBRS Ltd)
Olga Mironenko (DBRS Ltd)
Tim O'Neil (DBRS Ltd)

Topics
Fixed Income Research
Fixed Rate Notes Research
Reports
Credit Analysis Research
Credit Research

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UUID: 7947283

HALISTER1: BCB Cut More Likely 25bps Than 50bps Due to Service Prices: Icap

BCB Cut More Likely 25bps Than 50bps Due to Service Prices: Icap

(Bloomberg) -- Still high services inflation may keep Brazil’s central bank from cutting Selic rate by 50bps in October, opting for a more prudent pace of 25bps, Juliano Ferreira, strategist at Icap Brasil, says in a phone interview.
  • Despite cautiousness on inflation, part of the participants in the DI market, currently split between 25bps and 50bps cut, may migrate toward a bet of a bigger move should Congress assure greater progress on spending cap vote
  • NOTE: Services inflation has been seen as one of the BCB’s three main drivers for a eventual monetary easing, along with food prices and fiscal reforms
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Juliano Ferreira (ICAP PLC)

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UUID: 7947283

HALISTER: Telefonica Said Close to Postponing Telxius IPO on Weak Demand

Telefonica Said Close to Postponing Telxius IPO on Weak Demand

(Bloomberg) -- Co. is close to pulling plans to list its infrastructure unit on insufficient demand from investors, people familiar with the matter said.
  • No final decisions have been made
  • Telefonica could announce decision as early as Thursday
  • A spokesman for Telefonica didn’t have an immediate comment
  • NOTE: Investors struggled to value Telxius’s submarine cable business, people familiar with the discussions said previously
  • NOTE: Co. had considered lowering the IPO’s price range, reducing the size of the deal or postponing the listing, people had said
  • NOTE: Share price was scheduled to be set on Thursday with Telefonica aiming to sell as much as 40% of Telxius’s shares, valuing firm at as much as EU3.75B
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
TEF SM (Telefonica SA)

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UUID: 7947283