Financial Service News

Bank of America Corp has agreed to pay $131.8 million to settle Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about mortgage securities it structured and sold.

Hilton Worldwide Holdings Inc. announced today the pricing of its initial public offering of 117,640,624 shares of common stock at a price to the public of $20.00 per share.

A federal judge has agreed to hear a case filed by two same-sex couples in Texas seeking to overturn a state constitutional amendment banning gay marriage, their lawyer said on Wednesday.

Organized announced Wednesday that Meridian Health Plan has signed on as title sponsor for Detroit's Winter Blast for the next three years.

Employees work while they eat in the rooftop patio at Twitter headquarters in San Francisco, Calif., on Thursday, Aug 2, 2012.

Lululemon Athletica will pay its new chief executive at least US$3.1 million in salary, stock and bonuses in his first year on the job, according to documents filed with the U.S. Securities and Exchange Commission.

5, 2013 photo, chemotherapy is administered to a cancer patient via intravenous drip at Duke Cancer Center in Durham, N.C. New research says tens of thousands of women each year might be able to skip at least some of the grueling treatments for breast cancer without greatly harming their odds of survival.

U.S. regulators have taken a major step toward reining in high-risk trading on Wall Street, banning the largest banks from trading for their own profit in most cases.

MasterCard Inc, the world's No.2 credit and debit card company, announced a 10-for-1 stock split and raised its quarterly dividend by 83 percent, sending its shares up 3 percent to their life-high in extended trading.

Taxpayer-backed Lloyds Banking Group has been fined a record A 28 million after the City regulator uncovered "serious failings" in its bonus schemes that put pressure on sales staff to hit targets or avoid being demoted.

Dexus Property Group and the Canada Pension Plan Investment Board raised their offer for the office fund controlled by Commonwealth Bank of Australia to A$3 billion , challenging GPT Group's bid.

QUARTER capital markets and underwriting revenues this quarter are running slightly below results from a year ago, Citigroup Inc Chief Financial Officer John Gerspach said on Tuesday FOURTH-QUARTER capital markets and underwriting revenues this quarter are running slightly below results from a year ago, Citigroup Inc Chief Financial Officer John ... (more)

Royal Bank of Scotland group finance director Nathan Bostock has 'informed the board of his intention to resign', less than three months after taking the role The Royal Bank of Scotland's group finance director is to resign less than three months after taking the role, it has been confirmed.

The Kansas City, Mo., company typically reports a loss in the August-October period because it takes in most of its revenue during the U.S. tax season.

EXPERIENCE: Has served in a variety of roles for General Motors, including vice president of global human resources and vice president of global manufacturing engineering.

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A research paper published by the National Bureau of Economic Research finds that investors bid up shares of a handful of financial firms after news leaked that Timothy Geithner would be nominated for the top post at Treasury in 2008 .

Valiant Holding AG has become the first Swiss bank to say it would work with U.S. officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts.

Kevin Talbot is co-founder and managing partner of Relay Ventures, an early-stage venture fund that describes its mission as "Strictly Mobile."

Bank of the Ozarks said Monday that it will purchase all the outstanding common stock of Bancshares in a deal estimated about about $23 million.