- The article notes that these companies have been sold on concerns that hedge funds and banks will lower their trading activity.

Financials sector headlines

• SLM Today 02:31pm
  SLM Corp Reduced commitments under Private Education Loan facility by $6.3B - filing dated 8/25- The commitments provided by Bank of America, JPMorgan Chase Bank, Barclays Bank, Deutsche Bank AG, New York more...
  
• WABC Today 02:13pm
  WestAmerica Bancorp. Authorizes 2M share stock repurchase plan (approx 6.9% of shares outstanding)
  
• MBI Today 02:03pm
  MBIA Inc Moody's comments on reinsurance with FGIC, have yet to assess impact on credit profile- Notes that FGIC and MBIA both ahve subvstantial exposure to risk in mortgage industry
  
• RF.FR Today 01:24pm
  Eurazeo Reports H1 Net €243.1M v €783.2M y/y- Company notes by Sept. 15 it will have repaid €1B credit line
  
• LEH Today 12:30pm
  Lehman Brothers Holdings Inc Planning to lay off another 1,500 workers (about 6% of workforce) - NYT citing sources- Note: Lehman has already gone through three rounds of job cuts in the last 12 months, cutting about 6,400 jobs more...