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Financial Service News

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

2 hrs ago | Madison Publishing

China should let more movies in, says director James Cameron

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

Comment?

Related Topix: Avatar, History Movies, Titanic, Drama Movies, Action Movies, James Cameron

6 hrs ago | WNOL-TV New Orleans

Wells Fargo repays $25 billion in bailout funds received from government

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.

Comment?

Related Topix: Wells Fargo , Banking, US Treasury, US News

10 hrs ago | The Globe and Mail

Economy to grow 2.5% in 2010: BMO

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

Comment?

Related Topix: Bank of Montreal, Banking

14 hrs ago | Reuters

Giuliani rules out runs for Senate, NY governor

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.

Comment?

Related Topix: US Politics, Hillary Clinton, US News, US Senate, Democrat, Investment Services

18 hrs ago | Guardian Unlimited

Massive bet on RBS and Lloyds helped financier earn $2.5bn

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.

Comment?

Related Topix: Lloyds TSB Group, Investment Banking, Goldman Sachs Group, Investment Services

Tue Dec 22, 2009

Reuters

CIT's CFO follows CEO in retiring

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.

1 comment

Related Topix: CIT Group

ClipSyndicate

Schlosstein Says Evercore Trading Expansion Won't Go Far: Video

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.

Comment?

Related Topix: Investment Services, Video, Business News

Bloomberg

State Street Will Buy Intesa Sanpaolo's Depositary Unit for $2.5 Billion

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.

Comment?

Related Topix: State Street, Investment Services

SanLuisObispo.com

CVB Financial declares 4th-quarter dividend

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

Comment?

Related Topix: CVB Financial, Banking

CW2 Colorado KWGN-TV

Report: FBI probes theft of tens of millions after hackers attack Citigroup

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.

1 comment

Related Topix: Citigroup, Banking

Mon Dec 21, 2009

KCEN

Banks getting bum rap on not lending enough?

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

Comment?

Related Topix: Merrill Lynch and Co, Investment Services, Reno Metro, Reno, NV, Financial Markets

MinnPost.com

2010 economic forecast for region: mixed outlook, slow recovery

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.

Comment?

Related Topix: Minneapolis, MN, Banking

ClipSyndicate

Moec Sees Spain Weighing on Euro-Region Growth Next Year

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

Comment?

Related Topix: Deutsche Bank AG, Banking, Video, Business News

KMJ-AM Fresno

Two More Calif. Banks Closed Down

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.

Comment?

Related Topix: The Regulators, Country, Santa Monica, CA, Home, Mortgage, Personal Finance, Construction, Banking

Coast Reporter

Agrium gives CF shareholders another month to tender stock to takeover offer

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

Comment?

Related Topix: Agrium, Chemicals, Banking, Charter One Financial, Bank of Nova Scotia The, Terra Industries

The Chronicle-Journal

Australian Catholics celebrate as country moves closer to getting its first saint

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 ...

Comment?

Related Topix: Australia and New Zealand Banking Group, Australia, World News, Roman Catholic Church, Religion, Pope Benedict XVI, Orthodox Church

Sun Dec 20, 2009

The Cincinnati Enquirer

Debt threatens to take nation down

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 ...

Comment?

Related Topix: Banking, US Politics, Barack Obama

The Age

AMP and NAB go head-to-head

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.

Comment?

Related Topix: Banking, National Australia Bank

KIMA

Citadel Broadcasting files Chapter 11 bankruptcy

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.

Comment?

Related Topix: Economics News, Bankruptcy, Media, Radio, Citadel Broadcasting, Television, Rush Limbaugh, Don Imus, Consulting, Investment Services

Central Asia News.Net

U.S. bank that lent to banks goes into receivership

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.

Comment?

Related Topix: Springfield, IL

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