Top Financial Shares:
Financial shares are flat to higher in today's pre-market
session after another record close yesterday.
In financial stocks news, Fortress Investment Group LLC (
) aims to raise 200 billion yen ($1.9 billion) to set up Japan's
first infrastructure fund, Reuters reported.
Fortress plans to invest in roads, airports and other
infrastructure with money pooled in the Fortress Japan Income Fund,
it said. The Japanese government has been working toward selling
rights to operate public assets such as roads and airports to
The shares closed at $8.50 on Thursday in a 52-week range of
$4.20 - $9.10.
And, WashingtonFirst Bankshares (
) said it has liquidated its investment in a bank trust
collateralized debt obligation security because of uncertainty
regarding the future accounting implications of such investment
under the Volcker Rule.
The Trapeza CDO, which was bought in 2007, was sold for $0.07
million in net proceeds.
The sale will result in an approximate after-tax increase of
$0.4 million or $0.05 per share.
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