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Financial Service News

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

22 min ago | 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.

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Related Topix: Banking, Lakeland Financial, Warsaw, IN

4 hrs ago | 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.

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

8 hrs ago | 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.

13 hrs ago | The Globe and Mail

Scotiabank settles class action on overtime pay

Bank of Nova Scotia has reached a tentative settlement in a long-standing class action lawsuit launched by current and former employees who argue they are owed years of overtime pay.

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Related Topix: Banking, Bank of Nova Scotia The, Home, Mortgage, Personal Finance

17 hrs ago | Lexington Herald-Leader

Moody's 2Q profit up, lifts 2014 revenue outlook

The credit ratings agency's performance beat Wall Street's expectations, and the company raised its full-year revenue forecast.

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Related Topix: Moodys

18 hrs ago | Battle Creek Enquirer

Strangers help student stay in college after mom's death

In desperation, the 19-year-old turned to strangers online - and within a week, she had nearly $50,000 in donations to help finish her biomedical engineering degree.

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Related Topix: US Securities and Exchange Commission

22 hrs ago | MSN Money

Cynk suspension ending; shares unlikely to trade

A trading suspension in the stock of little-known Cynk Technology, which mysteriously surged 20,000 percent before the halt, ends late on Thursday, but do not expect to see the stock trading again on Friday.

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

Thu Jul 24, 2014

Brandon Sun

Settlement reached in Scotiabank overtime case involving retail branch workers

Scotiabank has agreed to settle an overtime class action lawsuit involving some of its retail branch bank employees.

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Related Topix: Bank of Nova Scotia The, Banking

Cybercast News Service

Bankrupt Energy Future to auction stake in Oncor

Bankrupt power giant Energy Future Holdings terminated its restructuring agreement and announced plans to auction its stake in the profitable power transmission business Oncor Electric Delivery Co., according to a filing Thursday with the U.S. Securities and Exchange Commission.

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Related Topix: Economics News, Bankruptcy, Energy, US Securities and Exchange Commission, TXU, Hunt Consolidated, Oil & Gas

News Observer

Morgan Stanley paying $275M to settle SEC charges

The Securities and Exchange Commission announced the settlement Thursday with the Wall Street bank.

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Related Topix: Stanley, Securities and Exchange Commission, Corporate / Securities Law, Law, Investment Banking, Morgan Stanley European Fund, Morgan Stanley, Mortgage, Personal Finance

Reuters

Republican lawmaker to grill U.S. SEC over Ackman tactics

A U.S. lawmaker will pressure the U.S. Securities and Exchange Commission on Thursday to consider a raft of reforms, after William Ackman's aggressive efforts to take over Allergan Inc raised concerns about loose rules governing disclosure and shareholder voting.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, US Politics, US News, Edward Royce, Republican, US House of Representatives, US Securities and Exchange Commission, Allergan, Biotech

The News Tribune

Fraud investigators quiz top Portuguese banker

The office said in a statement Thursday that Ricardo Salgado, who stood down earlier this month as chief executive of troubled Banco Espirito Santo, would appear before an investigating magistrate.

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Related Topix: Brazil, Espirito Santo Financial Group SA, World News

Tri-cityherald.com

European Central Bank in database security breach

The Frankfurt-based central bank for the 18 nations that share the euro said Thursday the security breach involved a database serving part of the website that gathers registrations for ECB events.

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Related Topix: European Central Bank, Banking

Wed Jul 23, 2014

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

The report is available at 'www.fitchratings.com'. Additional information is available at 'www.fitc... )--McDermott International, Inc. announced today that it plans to issue a press release regarding its financial results for the sec... rEVO Biologics, Inc. Announces Enrollment of First Patient in Phase 3 Trial of ATryn to Treat Early Onset ... (more)

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Related Topix: Swisscom AG, Telecom, Cash America International, Cardiovascular Systems, Healthcare Industry, Banking, Bank of Nova Scotia The, American Water Works Company, Water Utilities, Securities and Exchange Commission, Corporate / Securities Law, Law

Reuters

UPDATE 3-Ex-Jefferies trader gets 2 years in prison in fraud case

A former Jefferies Group Inc managing director convicted of defrauding investors who traded mortgage bonds through a government program established after the 2008 financial crisis was sentenced on Wednesday to two years in prison.

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Related Topix: Investment Banking, Jefferies Group, Investment Services, Prison, Financial Markets, New Haven, CT

Ledger-Enquirer.com

Could plan to offer financial services save Postal Service?

Offering basic financial services through the post office isn't a new business model.

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Related Topix: US Politics, US News, Senator Elizabeth Warren, US Senate

Tri-cityherald.com

US officials, lawmakers clash over Iraq policy

Testifying before the House Foreign Affairs Committee, the State Department's Brett McGurk and Defense Department's Elissa Slotkin said the administration was focused on improving U.S. intelligence, securing American personnel and property, guiding Iraq toward a new, more inclusive government and helping its forces strike back against the al-Qaida ... (more)

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Related Topix: Iraq, World News, Middle East, US News, Royce Value Trust, US Politics, Republican, US House of Representatives, Dana Rohrabacher,

CBS Local

O'Malley, Kopp, Franchot To Consider Wetlands License For Cove Point

ANNAPOLIS, Md. -Calvert County citizens opposed to turning the Cove Point Liquid Natural Gas import facility into an export plant will face Gov. Martin O'Malley on Wednesday.

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Related Topix: Annapolis, MD, Calvert County, MD, US Governors, Martin O'Malley, Banking, Dime Community Bancshares, Dominion East Ohio, Dominion Resources Black Warrior Trust, Energy, Oil & Gas

Business Journal

Bank of America picks Countrywide vet Steve Boland to run home-loans unit

Bank of America veteran Steve Boland has been named the new home-loans origination executive for the Charlotte-based bank, filling a newly created position overseeing sales and fulfillment nationwide.

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

Daily Mail

Were the 'Trainspotting generation' behind a spike in crime? Huge...

'Be the Rolls Royce not the Hyundai': The 'Pimp Manifesto' of sex trafficker who lured beautiful young girls into prostitution in Florida Tragedy as college graduate, 26, dies after being BURIED ALIVE by 10ft deep sand tunnel he was digging on the beach John Travolta can't stop former pilot bringing lawsuit so he can reveal secrets of his time ... (more)

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Related Topix: Prison, Royce Value Trust, Travel, Israel Travel, Middle East Travel, us Travel, US News, Federal Aviation Administration

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