Financial Service News

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.

LONDON: Bob Diamond, the former boss of Barclays, is set to return to banking by listing a shell company in London in the next few weeks to invest in the African financial sector, a source familiar with the matter said.

The prospective employees entered a conference room and signed in before being handed packets explaining company benefits and compensation.

UPS, a global logistics provider and leading advocate for global trade, welcomes today's news of an agreement struck at the World Trade Organization to facilitate global commerce and support growth in developing countries.

The documents show that a JPMorgan program designed to prevent questionable hiring practices was ultimately viewed inside the company as "a gateway to doing business with state-owned companies in China," the Times said, adding that it had reviewed copies of the emails and computer spreadsheets.

A former SAC Capital Advisors trader, set to go on trial next month on insider trading charges, wants to cite in court some 2012 testimony given by the hedge fund's founder Steven Cohen, claiming it rebuts the government's case.

The first major global trade deal in nearly 20 years was struck Saturday as 160 countries agreed on measures that could boost the world economy by as much as $1 trillion.

An activist holds a banner during a protest against the World Trade Organization in Bali on Thursday.

Shares of Barnes & Noble Inc fell as much as 11 percent on Friday, a day after the U.S. Securities and Exchange Commission told the bookseller it had begun an investigation into a restatement of earnings announced on July 29. The largest U.S. bookstore chain store said in July that it had to restate certain financial statements for periods prior to ... (more)

A deal to boost global trade has been approved by all 159 member economies of the World Trade Organization for the first time in nearly two decades.

A logo is seen outside Scotiabank headquarters in the financial disitrict in Toronto Tuesday December 3, 2002.

A former Goldman Sachs trader was sentenced to nine months in prison for wire fraud Friday by a Manhattan judge who took sharp aim at both Goldman and the government, questioning why it took them so long to bring the misconduct to light.

The Greeneville Sun reports Greene and Washington county rescue squads tried to reach the person overnight but weren't successful.

Bank of Nova Scotia a record annual profit of nearly $6.7 billion in 2013 but its fourth-quarter core earnings came in slightly below some analyst estimates.

A U.S. judge is considering an alternative that could result in Bank of America Corp paying much less than the $863.6 million the government is seeking as a penalty for the sale of defective mortgages before the financial crisis.

The twin lawsuits, filed in federal court, are the latest fallout from the 2008 collapse of the subprime mortgage industry, which sparked a string of actions against various lenders by federal agencies and city governments.