Financial Service News

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

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)

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.

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.

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.

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.

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

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.

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.

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.

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

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

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

The revelation that a top former commander of a Nazi SS-led military unit has lived quietly in Minneapolis for the past six decades came as a shock to those who knew 94-year-old Michael Karkoc.

Technology retailer CDW Corp., which was taken private in 2007, announced a return to the public market with an IPO that could bring in more than $700 million.

FNB Corp., parent of First National Bank of Pennsylvania, is continuing to expand into new markets, with the announcement this morning that the Hermitage-based bank will acquire a Baltimore bank for about $79 million.

Hand to God, Dumbest faithful. We've been crafting this column for more than a decade and never before have we encountered a research report as bafflingly bi-polar as KBW's Sunday note on Fannie Mae Seriously, how else can we describe the analyst's overwhelmingly bullish outlook for two stocks he persuasively argues are going to zero? Before ... (more)

Six former Bank of America Corp employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments and documents.