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$CMA's criticized loans grew $537MM to $2.9Bil or 6% of total loans, which is well below historical average. The increase was driven by $480MM increase in criticized loans related to energy. Inflows to non-accruals declined from the 2Q15 & were $69MM of which $25MM were energy related. Total non-accrual loans were stable at 73BP to total loans.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?