Financial Service News

Film Director James Cameron speaks during a press conference of their new 3D movie "Avatar" in Beijing, Wednesday, Dec.

Wells Fargo & Co. said Wednesday that it repaid the $25 billion in bailout funds it received from the Treasury Department under the Troubled Asset Relief Program.

Close You asked. We're building it. Toronto - The Canadian Press Published on Wednesday, Dec.

Former New York Mayor Rudolph Giuliani, who won acclaim for his leadership following the September 11 attacks in 2001, said on Tuesday he does not intend to run for New York governor or the U.S. Senate in 2010.

David Tepper steered his hedge fund to a $7bn profit so far this year. Photograph: Najlah Feanny/Corbis A billion-dollar bet on Britain's state-supported Lloyds and RBS banking groups has helped a US hedge fund manager secure a personal payday of $2.5bn , the Guardian has learned.

The chief financial officer of CIT Group Inc is retiring, adding another executive search for a board that is already looking for a chief executive officer.

Dec. 22 -- Ralph Schlosstein, chief executive officer of Evercore Partners Inc., talks with Bloomberg's Erik Schatzker about the firm's plan to start a U.S. cash-equities business.

State Street Corp ., the third- largest custody bank, agreed to buy the depositary unit of Italya s Intesa Sanpaolo SpA for 1.75 billion euros , as it expands outside the U.S. The sale will boost Intesaa s Core Tier 1 ratio by about 0.37 percentage points, the Italian bank said in a statement today.

CVB Financial Corp. said its board has approved a fourth-quarter dividend of 8.5 cents.

The FBI is investigating a hacker attack on Citigroup Inc. that led to the theft of tens of millions of dollars, The Wall Street Journal reported Tuesday.

Unlike big-city bankers, Stan Wilmoth didn't make lots of dumb loans during the boom.

In a cautious and decidedly mixed outlook for 2010, Federal Reserve Bank of Minneapolis regional economist Toby Madden today predicted the region is on a "gradual mend." Saying the economy "hit bottom" in the third quarter of 2009, he declared the recession over at a morning news conference.

Dec. 21 -- Gilles Moec, European economist at Deutsche Bank AG, talks with Bloomberg's Judith Bogner about the outlook for the euro-region economies.

Regulators on Friday shut down two big California banks, as well as banks in Alabama, Florida, Georgia, Michigan and Illinois, bringing to 140 the number of U.S. banks brought down this year by the weak economy and mounting loan defaults.

Canadian fertilizer giant Agrium Inc. has given shareholders of CF Industries Holdings, Inc.

In this undated image provided by Mary MacKillop Place is Mary MacKillop. (THE ASSOCIATED PRESS/Mary MacKillop Place SYDNEY, Australia - Australian Catholics celebrated on Sunday a Papal decision that will give the country its first saint - the feisty Mary MacKillop, who founded a network of schools for poor children and was briefly excommunicated ...

WASHINGTON - The 34 names are familiar to anyone who has followed economic policy in Washington for the past generation, one-third of them former chairmen or members of key committees of Congress, seven of them former directors of the White House Office of Management and Budget, two of them former comptroller generals of the United States, seven ...

AMP will seek talks with France's AXA SA to gauge its commitment to an agreement that locks the two in as partners for an attempted move on AXA Asia Pacific, even after the pair were trumped last week by National Australia Bank.

Citadel Broadcasting Corp., the nation's third-largest radio broadcasting company, filed for Chapter 11 bankruptcy protection on Sunday in an effort to restructure its hefty debt load as it continues to face declining advertising revenue.

The Federal Deposit Insurance Corporation has created a bridge bank to take over the operations of Independent Bankers Bank, Springfield, Illinois, after the bank was closed Friday by the Illinois Department of Financial and Professional Regulationa 'Division of Banking.