Financial Service News

Scotiabank has agreed to settle an overtime class action lawsuit involving some of its retail branch bank employees.

Bankrupt power giant Energy Future Holdings terminated its restructuring agreement and announced plans to auction its stake in the profitable power transmission business Oncor Electric Delivery Co., according to a filing Thursday with the U.S. Securities and Exchange Commission.

The Securities and Exchange Commission announced the settlement Thursday with the Wall Street bank.

A U.S. lawmaker will pressure the U.S. Securities and Exchange Commission on Thursday to consider a raft of reforms, after William Ackman's aggressive efforts to take over Allergan Inc raised concerns about loose rules governing disclosure and shareholder voting.

The office said in a statement Thursday that Ricardo Salgado, who stood down earlier this month as chief executive of troubled Banco Espirito Santo, would appear before an investigating magistrate.

The Frankfurt-based central bank for the 18 nations that share the euro said Thursday the security breach involved a database serving part of the website that gathers registrations for ECB events.

The report is available at 'www.fitchratings.com'. Additional information is available at 'www.fitc... )--McDermott International, Inc. announced today that it plans to issue a press release regarding its financial results for the sec... rEVO Biologics, Inc. Announces Enrollment of First Patient in Phase 3 Trial of ATryn to Treat Early Onset ... (more)

A former Jefferies Group Inc managing director convicted of defrauding investors who traded mortgage bonds through a government program established after the 2008 financial crisis was sentenced on Wednesday to two years in prison.

Offering basic financial services through the post office isn't a new business model.

Testifying before the House Foreign Affairs Committee, the State Department's Brett McGurk and Defense Department's Elissa Slotkin said the administration was focused on improving U.S. intelligence, securing American personnel and property, guiding Iraq toward a new, more inclusive government and helping its forces strike back against the al-Qaida ... (more)

ANNAPOLIS, Md. -Calvert County citizens opposed to turning the Cove Point Liquid Natural Gas import facility into an export plant will face Gov. Martin O'Malley on Wednesday.

Bank of America veteran Steve Boland has been named the new home-loans origination executive for the Charlotte-based bank, filling a newly created position overseeing sales and fulfillment nationwide.

'Be the Rolls Royce not the Hyundai': The 'Pimp Manifesto' of sex trafficker who lured beautiful young girls into prostitution in Florida Tragedy as college graduate, 26, dies after being BURIED ALIVE by 10ft deep sand tunnel he was digging on the beach John Travolta can't stop former pilot bringing lawsuit so he can reveal secrets of his time ... (more)

Activist investor Bill Ackman once again denounced weight loss and nutritional supplements company Herbalife as a pyramid scheme, but Wall Street shrugged off his criticism and sent the company's stock soaring 25 percent Tuesday.

The Federal Reserve Bank of New York has found serious problems in Deutsche Bank AG's U.S. operations, including shoddy financial reporting, inadequate auditing and oversight and weak technology, the Wall Street Journal reported.

Discover Financial Services' net income grew 7 percent in the second quarter as credit card spending and overall loans increased from a year ago.

A&W Revenue Royalties Income Fund said Tuesday its second-quarter profit fell to $4.1 million, but total sales were up about 12 per cent as the fast food chain repositions its brand with beef raised without the use of hormones.

TD Ameritrade Holding Corp. says its quarterly profit improved 3 percent as clients trusted the online brokerage with more assets and trading activity remained strong.

OneWest, whose parent company is IMB Holdco LLC, runs 73 retail branches in southern California.

IMB shareholders will receive $2 billion in cash and 31.3 million CIT Group shares that are currently valued at $1.4 billion.