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Financial Services

Financial Service News Editors

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Financial Service News

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

1 hr ago | KEPR 19

U.S. pay czar OKs changes for 2 top BofA execs

Chief Financial Officer Joe. L. Price and mortgage unit President Barbara J. Desoer will earn less salary in 2009 than they did last year following approval by the officer of the special master for TARP Executive Compensation, Bank of America said in papers filing with the Securities and Exchange Commission.

Comment?

Related Topix: Banking, Bank of America, Home, Mortgage, Personal Finance

5 hrs ago | MyFoxAtlanta

Relative Sought in Thanksgiving Killings

Authorities in Florida were searching Saturday for a man police said opened fire on his family after Thanksgiving dinner and killed four people, including his pregnant sister and a 6-year-old cousin who was sleeping in her bed.

Comment?

Related Topix: Life, Holidays, Thanksgiving, Investment Services, Jupiter, FL, Home Listing, Home

9 hrs ago | Kansas City Star

WTO looks to boost trade, end global recession

The United States, China and other commercial powers will spearhead a new attempt next week to find ways to revive world trade and pull the global economy out of recession.

Comment?

13 hrs ago | WJBF-TV Augusta

Fdic Tightens Reins On 4 Georgia Banks

Regulators have ordered an Atlanta bank to immediately raise capital levels or find a buyer or merger partner.

Comment?

Related Topix: Atlanta Metro, Roswell, GA

Fri Nov 27, 2009

ClipSyndicate

HSBC's Bloom Says Dubai Woes Not Yet at `Contagion': Video

Nov. 27 -- David Bloom, global head of currency strategy at HSBC Treasury & Capital Markets, talks with Bloomberg's Judith Bogner about the impact of Dubai's debt woes on financial markets.

Comment?

Related Topix: Banking, Video, Business News

Bioscience Technology

Onex raises US$151M in sale of part of its stake Emergency Medical Services

Onex Corp. said Wednesday it has sold part of its interest in Emergency Medical Services Corp.

Comment?

Related Topix: Investment Services

MSNBC

Dubaia s debt crisis jolts markets, but fears ease

Dubai's debt crisis rattled world financial markets Friday, raising concerns that some banks could further tighten lending and hamper the global economic recovery.

Comment?

Related Topix: World News, United Arab Emirates, Financial Markets, Raymond James Financial, Investment Services, Middle East

The Vancouver Sun

Canwest fires back at Goldman over specialty channels

Canwest Global Communications struck back at Wall Street titan Goldman Sachs Wednesday, telling a court that a move to dissolve its joint specialty-TV venture prior to its creditor-protection filing was the only way to prevent a forced sale of the media company's most profitable assets.

Comment?

Related Topix: CanWest Global Communications, Media, Television, Investment Banking, Goldman Sachs Group, Investment Services

Nevada Appeal

Northern Nevada business briefly

FDIC: Nevada-based banks lost money in 3rd quarter LAS VEGAS - Federal regulators say banks with Nevada charters continued to struggle in the third quarter.

Comment?

Related Topix: Insurance, American International Group

Bloomberg.com

GE May Be Closer to Selling Control of NBC to Comcast as Immelt, Levy Meet

General Electric Co. may be closer to selling control of NBC Universal to Comcast Corp.

Comment?

Related Topix: Cable & Satellite, Comcast, General Electric, Aerospace-Defense, Vivendi SA, Fairfield, CT

Thu Nov 26, 2009

ClipSyndicate

Purcell Says Five-Year Bank Bonus Delay `Way Too Long': Video

Nov. 26 -- John Purcell, managing director of executive search firm Purcell & Company, talks with Bloomberg's Mark Barton about changes to U.K. bank bonus rules proposed by David Walker in a government-commissioned report.

Comment?

Related Topix: Investment Banking, Morgan Stanley, Investment Services, Business News, Video

Outlook

'Ramalinga Raju World's 4th Most Outrageous CEO'

It's one Forbes list where none would want to figure, but Ramalinga Raju, the founder-chairman Satyam Computers , has managed the feat of being among the world's 10 most outrageous CEOs.

Comment?

Related Topix: Satyam Computer Services, Software, Investment Services, Investment Banking, Goldman Sachs Group, Computers, IT Services

The Age

Tower full-year profit falls 32% on investments

Tower Australia full-year profit declined by 32 per cent as the life insurer's investments were hit by volatile markets and a higher amortisations charge.

Comment?

Related Topix: Australia and New Zealand Banking Group

New York Times

S.E.C. Plan to Distribute Money Fund Is Accepted

The estimated $3.5 billion remaining assets of the Reserve Primary Fund should be distributed on a prorated basis to shareholders, a federal judge ruled on Wednesday in response to lawsuits filed after the fund's value dropped below $1 a share in September 2008.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Investment Banking, Lehman Brothers Holdings, Investment Services, Business News

WCNC-TV Charlotte

BofA CEO search may extend into 2010

Bank of America is having such a hard time finding a new CEO that some analysts are wondering if Ken Lewis might have to stay past his planned Dec.

Comment?

Related Topix: Banking, Bank of America, University of North Carolina Chapel Hill, Raleigh Metro, Chapel Hill, NC, Merrill Lynch and Co, Investment Services

Wed Nov 25, 2009

Newsday

BNP Paribas, Deutsche Bank sue Bank of America

The two sued for breach of contract. Deutsche Bank said Bank of America failed to secure $1.25 billion in cash and mortgage loans on its behalf.

Comment?

Related Topix: Banking, Deutsche Bank AG, Home, Mortgage, Personal Finance

ClipSyndicate

BlackRock's Stattman `Overweight' Emerging Markets, Asia: Video

Nov. 25 -- Dennis Stattman, a fund manager for BlackRock Inc., talks with Bloomberg's Margaret Brennan about his investing strategy for emerging markets, particularly Asia.

Comment?

Related Topix: BlackRock, Investment Services, Video, Business News

The Cyprus Weekly

Bank of Ireland sees no more bailouts...

Bank of Ireland does not foresee the need for further state bailouts according to the restructuring plan submitted to the European Union, though it said the state would remain a substantial owner.

Comment?

Related Topix: Governor and Company of the Bank of Ireland

The Plain Dealer

Federal Reserve tightens conflict of interest rules

The Federal Reserve on Wednesday tightened the conflict of interest restrictions governing the boards of directors of its 12 regional banks.

Comment?

Related Topix: Investment Banking, Goldman Sachs Group, Investment Services, Federal Reserve Bank, Business News, US News, US Politics, Ron Paul, Republican, US House of Representatives

Stuff

'Evil' scammer get four years in slammer

An "evil" US con man who portrayed himself as a "Hanoi Hilton" prisoner of war survivor to scam victims in New Zealand, Australia and the US out of almost US$4 million has been jailed.

Comment?

Related Topix: Prison, Australia and New Zealand Banking Group, Federal Prisons, New Zealand, World News

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