Bookmark

Add to MyYahoo RSS

Financial Service News

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

1 hr ago | Business Journal

Bank of America ordered to pay $1.3B fine in mortgage 'Hustle' case

Bank of America Corp. has been fined $1.3 billion after being found guilty of a Countrywide scheme to sell suspect mortgages to Fannie Mae and Freddie Mac.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Banking, Bank of America

1 hr ago | NewsOK.com

MasterCard 2Q profit rises on volume growth

You now have an easier online way to manage your Home Delivery subscription for The Oklahoman .

Comment?

Related Topix: MasterCard, Purchase, NY

1 hr ago | Brandon Sun

Part-nationalized Lloyds bank says six-month profits more than halved amid more charges

The part-nationalized Lloyds Banking Group says its six-month net profit more than halved to 699 million pounds after it put aside another 600 million pounds to cover the cost of improperly sold payment protection insurance.

Comment?

Related Topix: Lloyds TSB Group

2 hrs ago | NorthJersey.com

MasterCard second-quarter profit rises on volume growth

MasterCard's second-quarter net income climbed 9.8 percent as it benefited from volume growth and handled more transactions in the period.

Comment?

Related Topix: MasterCard, Visa Inc., Purchase, NY

6 hrs ago | Business Journal

Does RadioShack have enough cash for a turnaround? Here's what Moody's thinks

Moody's Investors Service said Tuesday that RadioShack may not have enough cash to pull off a turnaround.

Comment?

Related Topix: RadioShack, Retail, Moodys

Wed Jul 30, 2014

NewsOK.com

Dominion 2Q profit falls 21 percent

Dominion Resources Inc. on Wednesday reported profit that declined by 21 percent in its second quarter, and beat analysts' expectations.

Comment?

Related Topix: Banking, Dominion Corp, Dime Community Bancshares, Richmond, VA

Centre Daily Times

U.S. economy grows at scorching 4 percent in 2nd quarter

Offsetting a dismal start to the year, the economy grew at a sizzling rate in the second quarter, powered by what the Bureau of Economic Analysis said were improvements in personal consumption, exports and businesses replenishing their inventories.

Comment?

Related Topix: Pnc Financial Services GroupThe, Banking

Sunherald.com

Ratings agency: Argentina in 'selective default'

In this Friday, July 25, 2014 photo, pedestrians walk past a branch of the Industrial and Commercial Bank of China, a target for anti-capitalist agitation ever since a 1927 anarchist bombing of what was then a Bank of Boston, in Buenos Aires, Argentina.

Comment?

Related Topix: Independence Community Bank, Banking, Argentina, World News, Financial Markets

Reuters

Bank of America ordered to pay $1.27 bln for Countrywide fraud

U.S. District Judge Jed Rakoff in Manhattan ruled nine months after jurors found Bank of America and former Countrywide executive Rebecca Mairone liable for defrauding government-controlled mortgage companies Fannie Mae , and used her maiden name of Rebecca Steele.

Comment?

Related Topix: Banking, Bank of America, Home, Mortgage, Personal Finance, North Carolina

Cybercast News Service

No2 Irish bank profitable for 1st time since 2008

Ireland's second-largest bank, Allied Irish Banks, has returned to profit for the first time since a 2008 property crash pushed the nation to the brink of bankruptcy.

Comment?

Related Topix: Allied Irish Banks plc

Burnley Citizen

Burnley and Pendle Citizen: Antony Jenkins said the move was "a good idea in principle"

The Bank of England's plans to claw back rule-breaking bankers' bonuses up to seven years after they are awarded are a good idea in principle, the boss of Barclays has said.

Comment?

Related Topix: Lancashire County, England, United Kingdom, Lloyds TSB Group

Lexington Herald-Leader

Bank scandal tarnishes powerful Portuguese family

Now, one of Europe's last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, and a police investigation.

Comment?

Related Topix: Espirito Santo Financial Group SA, World News, Brazil, Economics News, Bankruptcy

Tue Jul 29, 2014

Business Journal

Tech, customer interface crucial for banks, KPMG study says

Senior bank executives are focused on improving customer experience as the industry faces intensified pressure from non-traditional competitors, according to a new survey by KPMG LLP.

Comment?

Related Topix: Accounting, KPMG L.L.P

West Australian

AmEx profit rises 9 percent as card holders spend more

American Express Co reported a 9 percent rise in quarterly profit that matched analysts' estimates as more customers used its credit cards in a recovering U.S. economy.

Comment?

Related Topix: Travelers Express Company, MasterCard

KING-TV Seattle

American Express 2Q profit rises 9 percent

American Express Co. on Tuesday reported earnings that rose by 9 percent in its second quarter, and topped analysts' expectations.

Comment?

Related Topix: Travelers Express Company, Seattle, WA

The Miami Herald

American Express 2Q profit rises 9 percent

In this July 19, 2011 file photo, passers-by walk past an American Express logo near the entrance to a bank in the Harvard Square neighborhood of Cambridge, Mass.

Comment?

Related Topix: Travelers Express Company

Reuters

Institutions shift to exchange-traded funds as futures grow costly

Institutional investors, like endowments and sovereign wealth funds, are trading some of their stock futures contracts for exchange-traded funds, an action they say saves them money and effort while providing comparable returns.

Comment?

Related Topix: BlackRock, Investment Services, Financial Markets, San Mateo County, CA, Menlo Park, CA

NewsOK.com

TD Ameritrade building earns efficiency award

You now have an easier online to way to manage your Home Delivery subscription for The Oklahoman.

Comment?

Related Topix: TD Ameritrade, Ameritrade Holding, Investment Services

KTVN Reno

Swiss bank UBS reports 2Q net profit jump

A man who was imprisoned 21 years for a rape and murder he didn't commit is set to testify at a first-ever Connecticut hearing to determine how much he should be compensated.

Comment?

Related Topix: Banking, Ubs Ag

Cybercast News Service

Deutsche Bank posts 29 percent net profit drop

Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by what it described as higher taxes, declining revenue and political instability affecting the markets.

Comment?

Related Topix: Banking, Deutsche Bank AG

•••
•••
•••
•••

Financial Services Jobs

•••
•••
•••
•••