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Financial Service News

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

1 hr ago | Reuters

RBS settles copyright lawsuit after U.S. judge blocks software's use

Terms of the settlement with Complex Systems Inc were not disclosed. But RBS in a statement said the deal would allow it to use the company's BankTrade software and continue processing trade finance transactions across all of its legal entities.

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Related Topix: Bank of America, Banking, Second Circuit Court of Appeals, US News

5 hrs ago | Vallejo Times-Herald

APNewsBreak: BofA reaches $17B settlement with US

Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.

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Related Topix: Home, Mortgage, Personal Finance, Foreclosures, Banking, CitiMortgage, Citigroup, JP Morgan Chase

5 hrs ago | The Toronto Star

Bank of America reaches $17 billion settlement with U.S.

Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.

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Related Topix: Home, Mortgage, Personal Finance, Foreclosures, Banking, CitiMortgage, Citigroup

8 hrs ago | Prince George Citizen

As Yellen prepares to detail her economic outlook, 6-month Fed honeymoon is likely ...

Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era.

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Related Topix: Ben Bernanke, Federal Reserve Bank of Kansas City, Banking

13 hrs ago | Reuters

Chinese paper calls for retaliation over Australia tycoon attack

An influential Chinese newspaper called for retaliation against Australia on Wednesday after Australian mining mogul and politician Clive Palmer described China's government as "bastards" who shoot their own people.

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Related Topix: Travel, Australia Travel, Pacific Travel, CITIC Pacific, Investment Services

17 hrs ago | ITworld

VC investors hot for the cloud, mobile and robots

Venture capital fundraising has picked up steam in the U.S., with cloud computing , mobile technology and robotics getting solid backing.

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Related Topix: Venture Capital, Emerging Technology, Robots, Science / Technology, Accounting, Deloitte and Touche

Tue Aug 19, 2014

Reuters

Citi tells court its Argentina banking license at risk

Citigroup has told the U.S. appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country's debt restructuring that its Argentine banking license may be at risk as a result of the standoff.

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Related Topix: South America, Argentina, World News, Banking, CitiMortgage, Citigroup, Financial Markets, US News, US Supreme Court

The Fresno Bee

EPA launches probe of alleged pollution by Tyson

The discharge on May 16 allegedly caused the wastewater plant in Monett to fail and allowed a chemical to flow into nearby Clear Creek, The Joplin Globe reported .

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Related Topix: Environmental Law, U.S. Environmental Protection Agency, Monett, MO, US Securities and Exchange Commission

The Globe and Mail

Lehman's London staff win $300-million pensions fight

People stroll by a company sign of Lehman Brothers Holdings Inc. in this file photo.

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Related Topix: Investment Banking, Lehman Brothers, Economics News, Bankruptcy

West Australian

Goldman set to face Libya's sovereign wealth fund in court over trades

Goldman had filed a summary judgement application - a request to decide a claim without going to trial - in the case brought by the Libyan Investment Authority in January, but had recently withdrawn it, the LIA said in a statement.

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Related Topix: Goldman Sachs, Investment Services

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

The Rating Outlook remai... )--Royce Focus Trust : Closing Prices - July 31, 2014 NAV $9.14 MKT $8.26 Total Return Performance Periods ended July 31, 2014 NAV MKT 1 Mon... )--State Street Global Advisors announced today that the SPDRA S&P Biotech ETF received payment as an authorized claimant from a class action settlement ... )--Wells Fargo & ... (more)

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Related Topix: Royce Value Trust, Manufacturing, Industrial Machines, Belden, Student Loan Corporation, SLM, Wells Fargo , Mach One, Banking

Reuters

Pimco hires ex-Moore Capital senior portfolio manager Fahmi

Pimco said on Monday it hired Mohsen Fahmi, formerly of Moore Capital Management, as managing director and generalist portfolio manager focusing on global fixed income assets.

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Related Topix: Goldman Sachs, Investment Services, Cohen Group, Consulting, Banking, JP Morgan Chase , Newport Beach, CA

Mon Aug 18, 2014

Yahoo!

China wants to take over: Palmer

Clive Palmer has delivered an extraordinary tirade against Australia's biggest trading partner, describing the Chinese government as "mongrels" who shoot their own people.

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Related Topix: CITIC Pacific, Investment Services

Brush News-Tribune

His 101st birthday present? Another day at work

Herman "Hy" Goldman turned 101 this weekend and won't quit after 73 years working at the same New Jersey job.

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Related Topix: Goldman Sachs, Investment Services, East Hanover, NJ

The Island Packet

Amanda Curtis won't get fundraising jump-start

Walsh, who dropped out of the race earlier this month, can only give the legal limit of $2,000 to his replacement candidate's campaign, according to Federal Election Commission rules.

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Related Topix: Federal Election Commission, US Politics, US News, Republican, US House of Representatives, Representative Steve Daines, Montana

News10.net

Health network reports 4.5 million patients had information hacked

A rural health company with hospitals across the nation said Monday that hackers, possibly from China, had gotten the names, addresses, birth dates, Health network reports 4.5 million patients had information hacked A rural health company with hospitals across the nation said Monday that hackers, possibly from China, had gotten the names, ... (more)

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Related Topix: Computer Security, Science / Technology, Social Security, Personal Finance, US Securities and Exchange Commission

Business Journal

Dollar General makes $9.7B competing bid for Family Dollar

Dollar General has made a $9.7 billion bid for Matthews, N.C.-based Family Dollar Stores Inc. That all-cash deal is valued at $78.50 per share.

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Related Topix: Dollar General, Retail, Kohlberg Kravis Roberts, Investment Services, Family Dollars Stores, Matthews, NC, Dollar Tree Stores, Tree.com

Myrtle Beach Online

PriceWaterhouseCoopers to pay $25M in bank case

The deal follows an investigation that showed the company improperly altered a report about Bank of Tokyo Mitsubishi laundering money for Iran, Sudan and others contrary to U.S. sanctions.

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Related Topix: PricewaterhouseCoopers, Accounting, Myrtle Beach, SC, Publishing, Media, Ottaway Newspapers, Business News

West Australian

More problems with NAB's UK business

Like a problem child that constantly needs bailing out, National Australia Bank's troubled UK business has set its parent back another STG245 million.

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Related Topix: National Australia Bank

Yahoo!

Disappointing earnings weigh on market

The share market is flat as disappointing earnings from National Australia Bank and gold miner Newcrest offset gains in the retail and energy sectors.

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Related Topix: National Australia Bank, Banking

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