Financial Service News

A man has pleaded not guilty to participating in a scheme to access online brokerage accounts to jack up stock prices and reap thousands of dollars in illegal profits.

Shares of CIT Group Inc. were off nearly 30% in morning trading Friday on a report the Federal Deposit Insurance Corp.

Thu Jul 9, 2009 4:45pm EDT - Flags fly outside of the Goldman Sachs headquarters building in the financial district of New York May 8, 2009.

Analysis and Discussion with Pavel Molchanov of Raymond James & Associates

The recipients of billions of dollars in IOUs being issued by California soon may be able to sell them on a regulated market, following action taken Thursday by federal regulators.

The government plans to replace 'sick notes' with 'fit to work' certificates for those who can return to some form of employment Photo: PA AhnLab, a South Korean developer of anti-virus software, had forecast the virus, which hit dozens of US and Korean sites this week, would return at 6pm on Thursday and hit seven domestic sites.

JPMorgan Chase & Co. and Bank of America Corp. are replacing fixed interest rates on some credit cards with variable rates, citing changing costs and new U.S. curbs on pricing.

Citigroup Inc. said Thursday that its former chief financial officer and current chairman of Citi Holdings, Gary Crittenden, is leaving the company as part of the bank's latest shuffling of management.

The U.S. Securities and Exchange Commission is reportedly still examining whether Apple misled investors on Steve Jobs' health, raising questions over how critical Jobs is to Apple's future.

July 8. - Nomura Holdings is seeking an equity license with the Australian Stock Exchange.

After taking multibillion-dollar bailouts from the federal government, some of the nation's biggest banks are declining to lend a hand with a different financial mess: the California budget stalemate.

Financial regulators on Wednesday tapped nine financial firms, including some of the biggest names on Wall Street, to help run a government program aimed at cleaning up the books of the nation's banks.

A number of South Korean government Web sites were inaccessible on Wednesday, apparently taken offline by a large cyber-attack that had earlier hit U.S. government sites.

Switzerland's government said Wednesday it would forbid the Swiss bank UBS AG from complying with any court-ordered transfer of data on tens of thousands of American clients to the U.S. government, and would consider seizing documents to prevent that.

Singapore's central bank has banned some of the island's biggest financial institutions from selling structured notes after they improperly marketed $367 million of the bonds that were linked to Lehman Brothers Holdings Inc.

He is presently vice-chairman of mergers and acquisitions at the merged bank, along with Steven Baronoff .

No new date has been set for the bids. Representatives of Goldman Sachs & Co., the investment banking firm hired by the Times Co.

Goldman Sachs may lose millions, if their software gets into the wrong hands. A former Goldman computer programmer is charged with stealing a code.

Bill Clinton aims to refocus international attention on this Caribbean country's deep economic problems and environmental decay during his first visit as the United Nations' special envoy to Haiti.

Struggling automotive parts supplier Lear Corp. said it has filed for Chapter 11 bankruptcy protection after receiving the support it needed from lenders and bondholders.