Financial Service News

The Little Rock Police Department says Michael McCormack, 31, of Little Rock is the primary suspect in the Feb. 24 robbery of the Bank of the Ozarks branch on N. Rodney Parham Rd. and the holdup three days later at the Tom and Jean's grocery store on Sardis Road.

A federal jury found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond trades, a victory for the government as it probes whether banks cheated their customers in the years after the financial crisis.

Deutsche Bank denied a German newspaper report on Friday that claimed a senior bank official knew of alleged currency market manipulation efforts as far back as 2006.

Bank of America CEO Brian Moynihan saw his compensation jump 77 percent last year as the company's fortunes improved.

A New Mexico judge has issued a $3.2 million judgment against Wells Fargo & Co. for foreclosing on a man's home after his death, even though he had a purchased an insurance policy through the bank that would have paid the remaining balance on his mortgage.

Royal Bank of Scotland risked stoking more anger over City pay today by handing out shares worth up to A 18.2 million for its top management.

MasterCard and VISA credit cards are seen in this illustrative photograph taken in Hong Kong December 8, 2010.

The U.S. Securities and Exchange Commission has launched an inquiry into whether high-speed trader Infinium Capital Management violated federal securities laws, according to a SEC letter obtained by Reuters.

Federal Reserve Bank of St Louis President James Bullard had the biggest impact on bond markets of all Fed policymakers in 2013, according to a new tally.

Julie Barker-Merz recalls shooting up the corporate ladder very quickly when she started at the bank nearly two decades ago.

Federal securities regulators have won a partial victory against two brothers accused of trading on inside information in 2009 about French pharmaceutical company Sanofi's plan to buy a Tennessee-based company.

General Electric Co said on Thursday it will stop paying its senior executives dividends on stock awards that have not yet vested, after investors urged the company to end the long-held perk.

The Justice Department says its top antitrust official, Bill Baer, is recusing himself from the department's review of Comcast's $45 billion purchase of Time Warner Cable Inc. Spokeswoman Gina Talamona says that Baer, an assistant attorney general, was not heading the review due to some work he did while in private practice.

Prosecutors said greed motivated former Jefferies Group Inc trader Jesse Litvak to defraud the government on mortgage securities, while defense lawyers said their client's "fibs" were perfectly acceptable, during closing arguments at a closely-watched trial on Wednesday.

The European Central Bank is expected to hold off on cutting interest rates on Thursday, opting instead to loosen lending conditions to fight off the danger of debilitating low inflation.

The central bank for the eurozone's 18 countries is likely to be encouraged by recent upbeat economic indicators and stabilization in the inflation rate.

The email from the bank was unexpected. Laura Benson got an increase in her small business credit line.

General Electric CEO Jeffrey Immelt's compensation fell 7 percent last year to $19.2 million primarily because of a big drop in his long-term pay.

The Standard & Poor's 500 index traded within a range of about five points, or about a quarter of a percentage point for the whole day, before ending a fraction lower.

A real estate agent puts up a "sold" sign in front of a house in Toronto April 20, 2010.