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U.S. Morning Call: Stock futures up; banks in focus

Friday, June 22, 2012 - 02:36

June 22 - Banks will be in the spotlight after ratings agency Moody's downgraded 15 of the world's biggest banks on Thursday.

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Banks challenging days and the SEC probing NASDAQ here's your morning called it's Friday. US financials come out swinging after Moody's downgrades fifteen banks around the world Morgan Stanley and Citigroup taking issue with the cots. Morgan as saying its ratings still not fully reflecting keen strategic actions we've taken in recent years. City blasting Moody's words treatment of US banks overall in comparison with its treatment of European counterparts. -- Morgan Stanley hired in the premarket as investors expected at three -- ratings cut it was only reduced to not. Goldman Sachs also dealing with a downgrade -- that legal decision that went against it. A federal judge allowing -- shareholder lawsuit accusing the bank -- feeling conflicts of interest. To proceed. He deals with collateralized debt obligations -- CEOs including abacus transaction that congress investigated. And CEO Lloyd Blankfein testified about. Goldman questioned -- matter over at Roland had picking risky sub prime mortgages. It went into the -- -- CDO. After suffering a major fault Thursday stocks looks set to rebound a bit today checking out that back -- 500 stock futures -- -- Stoxx Europe makes. Light sweet crude up -- that but below the eighty dollar mark yet UC reportedly investigating the NASDAQ over its role in the FaceBook IPO. The New York Times that the agency is looking into whether the exchange failed to properly tested trading systems which broke down during this social network's debut. The FCC also examining -- NASDAQ lack of action plan for navigating -- crisis including plans to abort the IPO. NASDAQ shares trading near their 52 week low of twenty dollars thirty cents. FaceBook is higher in the premarket but it's still below that 38 dollar offer price. And don't cop ads from Google CEO -- the company's annual shareholders meeting -- -- Larry hey skip the meeting. Google chairman marriage thing page block does -- statement unspecified condition. A Google spokesman said page had been asked rats that would provide. The details on down. That's -- morning call this Friday you can follow us on Twitter Reuters Insider. And please check out our Reuters YouTube TV on Reuters dot com slash writers TV. I'm Rhonda schaffler is this Reuters Insider.

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U.S. Morning Call: Stock futures up; banks in focus

Friday, June 22, 2012 - 02:36