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Financial Service News

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

1 hr ago | Business Times

Firms in trouble over high-speed trading

Legal woes: The New York Stock Exchange and Bank of America were among dozens of exchanges, brokerages and traders sued over high-frequency trading.

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Related Topix: Banking, Bank of America

5 hrs ago | The Hartford Courant

Barclays planning exit of some commodities markets: FT

Barclays is planning to withdraw from parts of the metals, agricultural and energy markets, echoing moves by other major players like JPMorgan Chase and Morgan Stanley away from the commodities business, the Financial Times reported on Sunday.

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Related Topix: Banking, JP Morgan Chase , Jefferson Pilot Corporation, Insurance, Stanley, Investment Banking, Morgan Stanley European Fund, Morgan Stanley

9 hrs ago | The Modesto Bee

Company seeks to strike state cap on jury awards

The constitutional challenge comes after a Butte-Silver Bow district judge upheld a $52 million jury award in favor of Masters Group International Inc. earlier this month.

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Related Topix: Comerica, Business News

13 hrs ago | Iol.co.za

Net1 UEPS shares dip after ruling

Shares in Net 1 UEPS Technologies plunged on Thursday as investors reacting to a Constitutional Court ruling dumped the volatile stock.

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Related Topix: Net 1 UEPS Technologies

17 hrs ago | Newkerala.com

Doha Bank to buy HSBC Bank Oman business in India

Dubai, April 19 : Qatar-based Doha Bank has agreed to buy HSBC Bank Oman's business in India that has gross assets of Rs.350 crore .

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Related Topix: HSBC Holdings, Banking, Qatar, Middle East, World News

Sat Apr 19, 2014

InvestmentNews

Breaking down the role of the ETF strategist

Vernon C. Sumnicht saw the writing on the wall about a decade ago. The certified financial planner and money manager, who at the time charged fees of 1.5% annually, submitted a carefully worded proposal to consult a foundation on its investment portfolio.

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Related Topix: BlackRock, Investment Services, Publishing, Media, Morningstar, Marketing

Common Dreams

New Clinton-Era Docs Reveal Insider Push for Wall Street Deregulation

Writing in the Guardian newspaper on Saturday, journalist Dan Roberts details how newly released documents from inside the Clinton adminstration reveal how the president's economic advisors at the time downplayed the possible negative impacts of deregulating Wall Street as they pushed for measures that many critics say ultimately led to the ... (more)

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Related Topix: Banking, Citigroup, Home, Mortgage, Personal Finance, US News, Liberal Political News

Philly.com

Margolies seems to be losing fund-raising race

It turns out a visit from Bill Clinton isn't the only thing Marjorie Margolies needs to complete her political comeback.

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Related Topix: Federal Election Commission, Philadelphia, PA, Montgomery County, PA

The Baltimore Sun

Conflict of interest questions raised in 1st Mariner fight

High finance is a small world just like Baltimore is a small town, and it showed as potential conflicts of interest cropped up during a fight over ownership of the city's biggest local bank.

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Related Topix: Economics News, Bankruptcy, First Mariner Bancorp, Banking

Real Bollywood

Miley Cyrus cancels more Bangerz gigs

Los Angeles, April 19: Singer Miley Cyrus is still in the hospital following a severe allergic reaction after she took antibiotics.

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Related Topix: Miley Cyrus, Pop/Rock, Nashville, TN, Scottrade, Investment Services

WTAQ-AM Green Bay

Associated Bank sees Q1 earnings grow, profits fall

Wisconsin's largest homegrown bank produced more earnings than expected in the first quarter of this year -- but its profits were still less than a year ago.

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Related Topix: Associated BancCorp, Banking, Green Bay, WI, Home, Mortgage, Personal Finance

Fri Apr 18, 2014

KSAT-TV San Antonio

Police: Girl remembers sex assault during school presentation

NIGHT'S RAIN. LESLIE, DAVID? THANK YOU, DETECTIVE. NEW THIS MORNING A SCHOOL PRESENTATION BRINGS BACK SOME DISTURBING MEMORIES FOR A TEEN-AGE GIRL.

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Related Topix: US Global Investors, Investment Services

National Public Radio

Providence, RI Sues Firms Over Stock Trades

The suit says stock exchanges, investment banks and others defrauded investors by manipulating market data in favor of split-second stock-trading firms.

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Related Topix: Providence, RI, Goldman Sachs, Investment Services, Cohen Group, Consulting, Banking, CitiMortgage, Citigroup, Computers

Lincoln Daily News

Apache CEO, Vermont activist build alliance on climate issues

Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist.

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Related Topix: Apache, Oil & Gas, Activism, Stanley, Morgan Stanley, Energy, Chevron Corporation

The State

Tulsa businessman Kaiser joins Thunder ownership

Kaiser is president, CEO and primary owner of GBK Corp., parent of Kaiser-Francis Oil Company, which he has managed for 40 years.

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Related Topix: BOK Financial, Banking

West Australian

Ex-Goldman director Gupta to surrender June 17 in insider case

U.S. District Judge Jed Rakoff in Manhattan directed Gupta to surrender by 2:00 p.m. EDT on that date to start serving his sentence at an institution chosen by the Federal Bureau of Prisons, according to an order issued on Thursday.

1 comment

Related Topix: Goldman Sachs, Investment Services, Second Circuit Court of Appeals, US News, Criminal Defense Law, Law

WSOCTV

Duke: Coal ash spill won't affect bottom line

Duke Energy told shareholders Thursday that cleanup costs resulting from its massive coal ash spill into the Dan River won't have a material effect on the $50 billion company's bottom line.

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Related Topix: Duke Energy, Energy, US Securities and Exchange Commission, North Carolina, Pat McCrory, US Governors, Environmental Law, Law

Finextra Research news

Financial Services and Retail band together to fight Fraud - community blog from Robert Siciliano

Finally, retailers and banks have agreed to work together to fight data breach incidents, foregoing the finger-pointing of who's responsible for prevention and recovery .

4 comments

Related Topix: MasterCard

Thu Apr 17, 2014

The Modesto Bee

California cross-border airport clears key hurdle

The agreement requires the investor group to pay the salaries of U.S. border inspectors and the cost of inspection facilities on a pedestrian bridge from Tijuana's existing airport into the United States, Commissioner R. Gil Kerlikowske said during a brief interview on a visit to San Diego.

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Related Topix: World News, Mexico, Equity Group Investments, Investment Services

TheCourier.com

Fifth Third Bancorp 1Q Earnings Fall 25 Pct

Fifth Third Bancorp says its first-quarter net income fell 25 percent, mostly on a decline in its investment in its former Vantiv payment-processing subsidiary.

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Related Topix: Fifth Third Bancorp, Banking

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