Financial Service News

Hedge fund manager William Ackman, who is betting $1.16 billion that Herbalife is a fraud, spent $264,000 last year on lobbyists to press his case against the company, according to government documents filed in recent weeks.

William Clay Ford Sr., director emeritus of Ford Motor Company and the owner of the Detroit Lions, died of pneumonia Sunday morning, according to a statement released by the car company.

Professor of Economics at UCD Morgan Kelly has warned that the European Central Bank is planning a "clean-up" of Irish banks which will see large numbers of small and medium-sized businesses go under.

The email from the bank was unexpected. Laura Benson got an increase in her small-business credit line.

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

's stock had its "hold" rating restated by research analysts at Morningstar in a report released on Monday, AnalystRatingsNetwork.com reports.

Todd Hunt tells the Northeast Mississippi Daily Journal that turnout equaled 10 percent of last year's total attendance at BancorpSouth Arena.

Federal Reserve Bank of New York President William Dudley said Friday the U.S. dollar faces little threat from the upstart private currency called Bitcoin.

The Little Rock Police Department says Michael McCormack, 31, of Little Rock is the primary suspect in the Feb. 24 robbery of the Bank of the Ozarks branch on N. Rodney Parham Rd. and the holdup three days later at the Tom and Jean's grocery store on Sardis Road.

A federal jury found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond trades, a victory for the government as it probes whether banks cheated their customers in the years after the financial crisis.

Deutsche Bank denied a German newspaper report on Friday that claimed a senior bank official knew of alleged currency market manipulation efforts as far back as 2006.

Bank of America CEO Brian Moynihan saw his compensation jump 77 percent last year as the company's fortunes improved.

A New Mexico judge has issued a $3.2 million judgment against Wells Fargo & Co. for foreclosing on a man's home after his death, even though he had a purchased an insurance policy through the bank that would have paid the remaining balance on his mortgage.

Royal Bank of Scotland risked stoking more anger over City pay today by handing out shares worth up to A 18.2 million for its top management.

MasterCard and VISA credit cards are seen in this illustrative photograph taken in Hong Kong December 8, 2010.

The U.S. Securities and Exchange Commission has launched an inquiry into whether high-speed trader Infinium Capital Management violated federal securities laws, according to a SEC letter obtained by Reuters.

Federal Reserve Bank of St Louis President James Bullard had the biggest impact on bond markets of all Fed policymakers in 2013, according to a new tally.

Julie Barker-Merz recalls shooting up the corporate ladder very quickly when she started at the bank nearly two decades ago.

Federal securities regulators have won a partial victory against two brothers accused of trading on inside information in 2009 about French pharmaceutical company Sanofi's plan to buy a Tennessee-based company.

General Electric Co said on Thursday it will stop paying its senior executives dividends on stock awards that have not yet vested, after investors urged the company to end the long-held perk.