Financial Service News

U.S. regulators have taken a major step toward reining in high-risk trading on Wall Street, banning the largest banks from trading for their own profit in most cases.

MasterCard Inc, the world's No.2 credit and debit card company, announced a 10-for-1 stock split and raised its quarterly dividend by 83 percent, sending its shares up 3 percent to their life-high in extended trading.

Taxpayer-backed Lloyds Banking Group has been fined a record A 28 million after the City regulator uncovered "serious failings" in its bonus schemes that put pressure on sales staff to hit targets or avoid being demoted.

Dexus Property Group and the Canada Pension Plan Investment Board raised their offer for the office fund controlled by Commonwealth Bank of Australia to A$3 billion , challenging GPT Group's bid.

QUARTER capital markets and underwriting revenues this quarter are running slightly below results from a year ago, Citigroup Inc Chief Financial Officer John Gerspach said on Tuesday FOURTH-QUARTER capital markets and underwriting revenues this quarter are running slightly below results from a year ago, Citigroup Inc Chief Financial Officer John ... (more)

Royal Bank of Scotland group finance director Nathan Bostock has 'informed the board of his intention to resign', less than three months after taking the role The Royal Bank of Scotland's group finance director is to resign less than three months after taking the role, it has been confirmed.

The Kansas City, Mo., company typically reports a loss in the August-October period because it takes in most of its revenue during the U.S. tax season.

EXPERIENCE: Has served in a variety of roles for General Motors, including vice president of global human resources and vice president of global manufacturing engineering.

Once you're logged in, at the top of each article, video or slideshow you will see a list of your Facebook friends who recently visited Choose to share stories you'e read with your friends or turn sharing OFF to keep your reading experience anonymous .

A research paper published by the National Bureau of Economic Research finds that investors bid up shares of a handful of financial firms after news leaked that Timothy Geithner would be nominated for the top post at Treasury in 2008 .

Valiant Holding AG has become the first Swiss bank to say it would work with U.S. officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts.

Kevin Talbot is co-founder and managing partner of Relay Ventures, an early-stage venture fund that describes its mission as "Strictly Mobile."

Bank of the Ozarks said Monday that it will purchase all the outstanding common stock of Bancshares in a deal estimated about about $23 million.

The final version of the Volcker rule to ban banks from gambling with their own money is "significantly different" from the originally proposed version, making its impact on the markets difficult to gauge, a top U.S. securities regulator said on Monday.

An Arvada man is being accused of selling investments without a license and lying to investors as part of an $18 million financial scheme that was set up to buy up oil and gas royalty interests.

HSBC Holdings Plc is considering the flotation of up to 30 percent of its British retail and commercial banking arm, the Financial Times reported, a move that would help it cope with planned new rules that demand that British banks ringfence their retail arms.

Lloyds Banking Group said today it had agreed to sell a portfolio of UK corporate property loans to an entity affiliated with Cerberus European Investments for 90m sterling in cash.

Volkswagen turns off some employees' email 30 minutes after their shifts end. Goldman Sachs is urging junior staff to take weekends off.

Is it ever too early to start saving for college? Is it ever too late? Finance experts say the answer to both questions is a resounding "no," and an annual Gen Z & Money survey released by TD Ameritrade Holding Corporation indicates that members of Generation Z are hearing the message loud and clear.

Roberts' executive campaign manager, Leroy Towns, filed a complaint last week with the Senate Ethics Committee against challenger Milton Wolf because Wolf hasn't yet filed a required financial disclosure form.