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Financial Service News

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

1 hr ago | National Public Radio

Ex-Chief Of Huge Pension Fund Guilty Of Bribery

Federico Buenrostro Jr., the former chief executive of California Public Employees' Retirement System, entered his plea in San Francisco federal court.


Related Topix: Pension, Personal Finance, California Public Employees Retirement System, Investment Services, Retirement

1 hr ago | National Public Radio

US Records $71 Billion Budget Surplus In June

The U.S. government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.


Related Topix: Fannie Mae, Mortgage, Personal Finance, US News

3 hrs ago |

Economists Say Inflation Is Tame; Consumers Aren't Buying It

Meat is displayed in a case at a grocery store in Miami. The index of retail prices for meats, poultry, fish and eggs was up 7.7 percent from a year ago more than triple the overall inflation rate.


Related Topix: Pnc Financial Services GroupThe, Banking, Life, Fruits, Food, US News, United States Department of Agriculture

8 hrs ago |

Wells Fargo 2Q profit rises, helped by loan growth

In this Wednesday, Dec. 19, 2012, file photo, a man walks past a Wells Fargo location in Philadelphia.


Related Topix: Wells Fargo , Banking, Home, Mortgage, Personal Finance

8 hrs ago | Business Journal

Mortgage rates edge higher

Freddie Mac says the average rate on a 30-year fixed-rate mortgage in the week ending July 10 was 4.15 percent, up from 4.12 percent last week.


Related Topix: Mortgage, Personal Finance, Home, Freddie Mac

11 hrs ago | Prince George Citizen

Troubled Portuguese bank insists it can cope with losses, helps soothe market nerves

A currency trader passes by screens showing the Korea Composite Stock Price Index, left, and the exchange rate between the U.S. dollar and the South Korean won at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Friday, July 11, 2014.


Related Topix: Banking, Exchange Bank, Korea Exchange Bank, South Korea, World News, Portugal

13 hrs ago |

Container Store Group Receives Equal Weight Rating from Morgan Stanley

's stock had its "equal weight" rating reaffirmed by equities research analysts at Morgan Stanley in a research note issued to investors on Thursday.


Related Topix: Stanley, Investment Banking, Jefferies Group, Investment Services

Thu Jul 10, 2014


SEC to vote on money fund reform plan this month: Source

The riskiest money-market mutual funds will have to let their share prices fluctuate and charge investors withdrawal fees during times of stress under tougher U.S. rules set for adoption this month.


Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Mutual Funds, Personal Finance, Federated Investors, Investment Services

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

UPCOMING DEADLINE: LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against INSYS Therapeutics, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of July 14, 2014 )--Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the District of Arizona on behalf of investors who purchased INSYS ... (more)


Related Topix: Doral Financial

Bellingham Herald

Ace Cash Express settles debt collection claims

The Consumer Financial Protection Bureau announced the agreement with Ace, one of the biggest payday lenders in the U.S. The company will pay a $5 million fine and return $5 million to affected customers.


Related Topix: Ace Cash Express, Irving, TX


They're back! Euro jitters slam U.S. stocks

U.S. stocks are down sharply Thursday as jitters about a Portuguese bank and ugly economic data raise more doubts about whether Europe is recovering.


Related Topix: Financial Markets, T Rowe Price Group, Investment Services

The Wichita Eagle

US stock futures sink on Portugal worries

In this May 11, 2007, file photo, a Wall Street sign is mounted near the flag-draped facade of the New York Stock Exchange.


Related Topix: Espirito Santo Financial Group SA

Business Journal

Too big to sail? CEO Cutler Dawson on how Navy Federal Credit Union keeps growing

While the U.S. Navy keeps shrinking, Navy Federal Credit Union keeps growing. The Vienna, Va.-based credit union, the nation's largest, surpassed $6 billion in assets last month and now has more than 5 million members.


Related Topix: Navy Federal Credit Union, Banking

Silicon Alley Insider

A Troubled Portuguese Bank Has The Country's Interest Rates Surging

A man has his shoes shined near an office of Portuguese bank Banco Espirito Santo in Lisbon June 20, 2014.


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

Wed Jul 09, 2014


Credit ratings still broken, experts say, offer a fix

Credit ratings agencies still measure the likelihood that exotic securities will default in the same flawed ways that they have in the past, wrote Ann Rutledge, a New York expert in these types of securities, and Robert Litan, a senior fellow in Brookings' Economic Studies Program.


Related Topix: Moodys, Financial Markets

Business Journal

Snapshot: Citigroup and the $7B bad mortgage deal + Pharmacist accused of taking 200K pills

Citigroup is nearing a $7B settlement deal over shoddy mortgages, sources familiar with the deal say, reports The Wall Street Journal.


Related Topix: Home, Banking, Mortgage, Citigroup, Personal Finance, CitiMortgage, Weather, Drugs

Inside Bay Area

Biz Break: Gigamon is first victim of Silicon Valley earnings season tumult

Today: Gigamon plummets after revealing that earnings report will not live up to expectations.


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


Holder won't meet with BofA CEO as mortgage talks stall: sources

Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its units remain at a standstill, according to people familiar with the matter.


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

Brandon Sun

European Central Bank official: Britain leaving EU would be 'enormous shock'

A top European Central Bank official says Britain leaving the European Union would be an "enormous shock" whose consequences would be difficult to manage.


Related Topix: Banking, European Central Bank, Greater London County, England, United Kingdom,

KOCO-TV Oklahoma City

Vatican turns to Wall Street to fix bank

The bank -- whose functions include providing financial advice and services to the Catholic Church -- has been hit by a criminal investigation, high-level resignations and international accusations that it wasn't doing enough to prevent money laundering.


Related Topix: Goldman Sachs, Investment Services


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