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Financial Service News

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

16 min ago | The Washington Post

BlackRock's Old Chevy ETF Proves Irreplaceable for Traders

Why tote around a first-generation iPhone when you have a 5s at home? Or drive a beat-up old Chevy when there's a new Corvette in the garage? In the world of exchange-traded funds, that's just what investors are doing.

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Related Topix: BlackRock, Investment Services, RiskMetrics, MSCI, Charles Schwab, Jersey City, NJ

4 hrs ago | Sunherald.com

Lloyds bank settles with US, UK over market fixing

Lloyds, one of the world's largest banks, on Monday became the sixth financial firm sanctioned in the international rate-rigging scandal.

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Related Topix: Lloyds TSB Group, Mortgage, Personal Finance, Home

7 hrs ago | Brandon Sun

Lloyds bank to pay $400 million to settle with US, British regulators over market rigging

Lloyds Banking Group says it will pay 218 million pounds to U.S. and British authorities to settle allegations it manipulated benchmark interest rates.

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Related Topix: Lloyds TSB Group

10 hrs ago | Brandon Sun

Majority say health will be biggest retirement expense: BMO poll

The Bank of Montreal report, titled "Living to 100: The Four Keys to Longevity," found that 74 per cent of those recently polled foresee medical costs as their biggest expense in their senior years.

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Related Topix: Bank of Montreal, Banking, Long Term Care, Health, North America, Canada, World News

13 hrs ago | Sydney Morning Herald

No more nasty surprises, says Navitas

The chief executive and founder of education group Navitas says it's highly unlikely there will be any nasty surprises among the 25 other university partners for which the company runs pathways colleges as a bridge to university education, after its dumping by Macquarie University.

Comment?

Related Topix: Banking, Macquarie Bank

Sun Jul 27, 2014

West Australian

NAB reaps $1.1b from UK bad loans sale

National Australia Bank has sold a slice of its British commercial real estate loans portfolio for STG625 million .

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Related Topix: National Australia Bank, Banking

The New Zealand Herald

NZ dollar little changed ahead of US Fed meeting

The kiwi traded at 85.63 US cents at 8am from 85.51 cents on Friday in New York and 85.73 cents at 5pm in Wellington.

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Related Topix: Financial Markets, Bank of New York, Banking

Sunherald.com

Former Seattle Mayor Paul Schell dies

He was 76. Murray says Schell left a mark on Seattle as one of the city's "builders."

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Related Topix: World Trade Organization

Express India

Top-seven cos add Rs 76,793 cr in market valuation; TCS shines

Summary Software giant TCS's market value zoomed Rs 31,790.15 crore to Rs 5,10,238.84 crore, becoming the biggest gainer in the top-10 companies list.

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Related Topix: HDFC Bank

The Columbian

Will: Kashkari is California's Goldwater 2.0

Fifty Julys ago, up the road near San Francisco, in the unfortunately named Cow Palace, the Republican National Convention gave its presidential nomination to Arizona Sen. Barry Goldwater, who knew he would lose: Americans were not going to have a third president in 14 months.

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Related Topix: California, California Government, San Francisco County, CA, San Francisco, CA, US News, Jerry Brown, US Governors, Goldman Sachs, Investment Services

Reuters

Goldman mortgage deal with federal agency could reach $1.25 billion: source

A deal to resolve a U.S. regulator's claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million and $1.25 billion, according to a person familiar with the matter.

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Related Topix: Goldman Sachs, Investment Services, Home, Mortgage, Personal Finance, Cohen Group, Consulting, Stanley, Morgan Stanley

Journal Gazette

Lakeland has record quarterly earnings

Lakeland Financial Corp. on Friday reported second-quarter earnings of $11.3 million, or 68 cents per diluted common share, a 22 percent increase over the $9.2 million, or 56 cents a share, posted for the same three months of 2013.

Comment?

Related Topix: Banking, Lakeland Financial, Warsaw, IN, Ligonier, IN, Fort Wayne, IN

Sat Jul 26, 2014

Inside Bay Area

How much income will that 401(k) generate?

The retirement savings industry wants you to instead think about the monthly paycheck the account can generate.

Comment?

Related Topix: Personal Finance, Retirement, BlackRock, Investment Services, Pension

Reuters

SEC seeks $1.4 billion from Texas Wyly brothers after fraud verdict

Texas tycoon Sam Wyly and the estate of his late brother Charles should pay damages totaling $1.41 billion for their role in a scheme that hid trades in companies they controlled using offshore trusts, the U.S. Securities and Exchange Commission said.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, US Securities and Exchange Commission, Michaels Stores, Retail

Lexington Herald-Leader

McCarthy is new CFO of Miss. Development Authority

McCarthy is returning to the agency after serving for five years as vice president of public finance for Stephens Inc., a privately held, independent financial services firm.

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Related Topix: Stephens, Investment Banking

Inside Bay Area

Open space tax placed on November Silicon Valley ballot

Saying more funding is needed to save wild areas in Silicon Valley amid steady development pressure, the board of the Santa Clara County Open Space Authority has placed a parcel tax on the November ballot.

Comment?

Related Topix: Banking, Silicon Valley Bancshares, Santa Clara County, CA

Arkansas Online

Net path upsurge thwarts wiretaps

WASHINGTON -- Federal law enforcement and intelligence authorities said they are increasingly struggling to conduct court-ordered wiretaps on suspects because of a surge in chat services, instant-messaging and other online communications that lack the technical means to be intercepted.

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Related Topix: Washington Federal, Banking

Fri Jul 25, 2014

Journalgazette.net

Lake City parent's quarterly earnings up 22%

Lakeland Financial Corp. today reported record second-quarter earnings of $11.3 million, or 68 cents per diluted common share, a 22 percent increase from the $9.2 million, or 56 cents a share, posted for the same three months of 2013.

Comment?

Related Topix: Banking, Lakeland Financial, Warsaw, IN

News Observer

UPS driver charged with stealing dozens of guns

Curtis Hays, 36, of Rancho Cucamonga, was taken into custody on a federal indictment filed Wednesday in federal court in Riverside.

Comment?

Related Topix: Rancho Cucamonga, CA, Riverside, Riverside (Riverside, CA), Investment Services

Ledger-Enquirer.com

Central High principal promoted to Guard commander

Courtesy of the Alabama National Guard Brig. Gen. Charles Gable, right, the Alabama National Guard's assistant adjutant general, passes the 226th Maneuver Enhancement Brigade flag to Col.

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Related Topix: US National Guard, US Military, Alabama National BanCorporation, Banking, Phenix City, AL, Mobile, AL, Education Etc.

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