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Financial Service News

Financial Services news continually updated from thousands of sources around the net.

2 hrs ago | Hillingdon Times

RBS split raised amid banks rethink

Radical plans to split Royal Bank of Scotland into a 'good' bank and a 'bad' bank must be looked at immediately Radical plans to split Royal Bank of Scotland into a "good" bank and a "bad" bank must be looked at immediately as part of an urgent rethink of Government plans for privatisation, according to an influential Parliamentary commission.

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Related Topix: Lloyds TSB Group

4 hrs ago | The Daily Record

Fifth Third boosts quarterly dividend to 12 cents

Fifth Third Bancorp on Tuesday boosted its common stock cash dividend by 1 cent, or 9 percent, to 12 cents.

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Related Topix: Fifth Third Bancorp, Banking

8 hrs ago | Seattle Times

Lawsuit filed in Puerto Rico slaying of US banker

The widow of a U.S. banking executive slain in a drive-by shooting in Puerto Rico has filed a wrongful death lawsuit against the bank's CEO and other high-ranking officials.

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Related Topix: Doral Financial

12 hrs ago | KRMG-AM Tulsa

Royalty Pharma lets Elan takeover bid expire

Royalty Pharma has let its latest takeover bid for Irish drugmaker Elan lapse as it decided against pressing ahead with a court challenge of a requirement that it withdraw the offer.

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Related Topix: Investment Banking, Jefferies Group, Investment Services

16 hrs ago | The Hartford Courant

Insight: Why Citi wants to rack up U.S. taxes

Over the past few years, Citigroup Inc has been grappling with an unusual problem - how to incur more U.S. taxes.

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Related Topix: Banking, Citigroup, Best Buy, Retail, Home, Mortgage, Personal Finance, Ansonia, CT

21 hrs ago | Bloomberg

Wall Street Lending Rises For Private Equity Rentals

Wall Street is ramping up financing to private-equity firms buying homes to rent, helping them accelerate purchases as competition increases and prices jump .

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Related Topix: Banking, Deutsche Bank AG, Housing, Home, Mortgage, Personal Finance, Foreclosures, Malibu, CA

Mon Jun 17, 2013

Reuters

Sprint sues Dish, Clearwire as key deadline looms

Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover battle that also includes Japanese mobile carrier SoftBank Corp. The lawsuit filed on Monday in Delaware Chancery Court accuses Dish of trying to "fool" and "coerce" Clearwire shareholders into ... (more)

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Related Topix: Sprint Nextel, Telecom, IT Services, Wireless, Emerging Technology, SoftBank, Investment Services, Overland Park, KS, Park, KS

KVUE.com

OneWest Bank to lay off 725 Texas workers

Executives with OneWest Bank have announced that more than 700 workers will lose their jobs as the company is acquired as part of a $2.53 billion deal.

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Related Topix: Ocwen Financial, Home, Mortgage, Personal Finance

This is The West Country

Burnham pair's cycle challenge raises more than 1,000 for charity

Natasha Salter, from Stoddens Road, and Clare Kingston, from Lynton Road, travelled from Torquay to Burnham in a tandem bike ride to raise funds for MacMillan Cancer Support.

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Related Topix: Banking, Nationwide Building Society

Business Journal

Bank of America gave bonuses for hitting foreclosure quotas, suit alleges

According to statements from one former BofA employee, workers who managed to push at least 10 clients into foreclosure received $500 bonuses as well as gift cards to Target and Bed Bath and Beyond.

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Related Topix: Foreclosures, Bank of America, Banking, Consulting, Beyond Corp

Sunday Mail

ANZ, Macquarie Bank in rate probe

ANZ Banking Group and Macquarie Bank will have to set aside up to $S300 million each after being caught up in Singapore's rate-rigging scandal.

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Related Topix: Banking, Macquarie Bank

Bloomberg

Big Short on Aussie Tells Loomis Time to Buy: Australia Credit

No currency has ever fallen afoul of investors as fast as the Aussie over the past two months.

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Related Topix: Financial Markets, Morgan Stanley

Sun Jun 16, 2013

Bloomberg

Newcrest Facing Questions About June 7 Disclosure of Writedown

Newcrest Mining Ltd. , Australia 's largest gold producer, is facing scrutiny from regulators about its disclosure of a possible A$6 billion writedown after bullion slid into a bear market.

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Related Topix: Newcrest Mining, Mining, Banking, Insurance, Citigroup, Credit Suisse Group, Real Estate, Freeport

KSL-TV

Goldman Sachs bets on SLC early education program

Goldman Sachs plans to announce this week that it will finance an early education program in Utah - and it expects to make money on the venture.

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Related Topix: Goldman Sachs, Investment Services, Sundance Film Festival, Cohen Group, Consulting, Utah, Salt Lake City, UT

Philly.com

Head of Pa. charity criticized for ties to oil, gas

The head of an influential charity is being criticized for his ties to the oil and gas industry, but some experts say the allegations are misguided.

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Related Topix: Oil & Gas, Energy, Kinder Morgan, National Wildlife Federation, Charitable Organizations, Duke University, Kinder Morgan Management, Buffalo, NY

IcHounslow

World & UK News: RBS repayment 'could take decade'

Ousted boss Stephen Hester has warned it could take up to a decade for the taxpayer to be repaid its 45 billion stake in bailed-out Royal Bank of Scotland .

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Related Topix: Lloyds TSB Group

Journalgazette.net

Slow recovery has an upside

If you are interested in this story, you might be interested in others from The Journal Gazette.

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Related Topix: Fort Wayne, IN, Goldman Sachs, Investment Services

Sat Jun 15, 2013

WKBW

Buffalo Man Arrested in Connection to Two Bank Robberies

The United States Attorney's Office announced 23-year-old Jason Berg was arrested and charged by criminal complaint with committing the robberies.

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Related Topix: Criminal Defense Law, Law, Banking, MT Bank, Aspect Communications, Software

The Washington Post

Homeowners who had foreclosures face judgments years after the fact

Jose Santos Benavides, 42, lives with daughter Gloria, 6, and the rest of his family in a Rockville apartment.

15 comments

Related Topix: Foreclosures, Home, Mortgage, Personal Finance, Fannie Mae, US Politics, US News

Daily Political

Coinstar Price Target Increased to $75.00 by Analysts at Piper Jaffray

Piper Jaffray's target price indicates a potential upside of 29.20% from the stock's previous close.

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Related Topix: Computers, Coinstar

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