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Financial Service News

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

4 hrs ago | WLUK-TV Green Bay

Bank of America settlement likely to benefit few

Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds - $7 billion of it geared for consumer relief - offers a glint of hope for desperate homeowners.

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Related Topix: Banking, Bank of America, Home, Mortgage, Personal Finance, Financial Markets, Foreclosures, New York

8 hrs ago | Business Journal

Wells Fargo creates startup accelerator to get front-row seat on financial innovation

Wells Fargo said Wednesday that it established the Wells Fargo Startup Accelerator designed for startups pursuing innovation in financial services.

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Related Topix: Wells Fargo , Banking

12 hrs ago | Business Journal

Dollar General swipes at Family Dollar CEO; Under Armour bids to...

Family Dollar is in the middle of an apparent bidding war between its rival discount retailers, Dollar Tree and Dollar General , but ever since Dollar General made its competing offer, officials with that company have bluntly stated that they were surprised when the two smaller companies announced their merger agreement, since they thought they had ... (more)

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

16 hrs ago | Reuters

JPMorgan, BofA to raise junior banker pay by 20 percent: sources

JPMorgan Chase & Co and Bank of America Corp are planning to hike salaries of junior employees by at least 20 percent, people familiar with the proceedings said.

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Related Topix: Banking, Bank of America, JP Morgan Chase , Goldman Sachs, Investment Services, Citigroup

Wed Aug 20, 2014

Brandon Sun

RBC forecasts Canadian housing market will cool in 2015 if interest rates rise

RBC Economics says higher interest rates will put a strain on the Canadian housing market in 2015 and "substantially" moderate prices increases.

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Related Topix: RBC Financial Group, Banking, Housing

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

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

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

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

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.

1 comment

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

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

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