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Financial Service News

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

1 min ago | Silicon Alley Insider

Jeff Zucker Inexplicably To Lead Comcast/NBC Venture

Jeff Zucker Inexplicably To Lead Comcast/NBC Venture Nov. 11, 2009, 1:00 PM 309 Jeff Zucker is a lucky man.

Comment?

Related Topix: Cable & Satellite, Comcast, General Electric, Aerospace-Defense, The Tonight Show with Jay Leno, Comedy, Entertainment, Television

4 hrs ago | TulsaWorld.com - Business

FDIC: Big banks still not lending

The head of the Federal Deposit Insurance Corp. said Tuesday she's "very worried" that the nation's biggest banks aren't lending enough and warned the economy could take another turn for the worse without increased access to credit.

Comment?

8 hrs ago | The Daily Breeze

AmEx says card spending increased in October

American Express Co. said Tuesday that spending on its credit cards increased in October for the first time this year, an encouraging sign that consumers may be feeling more confident about the economy.

Comment?

Related Topix: American Express, Merrill Lynch and Co, Investment Services

Tue Nov 10, 2009

Newsday.com

2 ex-Bear Stearns hedge-fund managers acquitted

In this Oct. 14, 2009, file photo, former Bear Stearns hedge fund manager Matthew Tannin enters Brooklyn federal court in New York.

Comment?

Related Topix: Investment Banking, Bear Stearns, Investment Services, Mortgage, Personal Finance

ClipSyndicate

Today's Big Losers: AGM, MBI, CRI, PIKE

The Federal Agricultural Mortgage Corporation reported third quarter earnings of a dollar 74 per share, up from its loss in Q3 of 2008 of ten dollars and 55 cents per share.

Comment?

Related Topix: Federal Agric Mtg, Video, Real Estate

Reuters

EU objects to Sun-Oracle deal

The European Commission has objected to Oracle Corp's acquisition of computer maker Sun Microsystems Inc, throwing the $7 billion deal into question.

Comment?

Related Topix: Oracle, Software, Computers, Sun Microsystems

Athens Banner-Herald

Fed officials warn weak recovery won't spur jobs

Unemployment likely will remain high for the next several years because the economic recovery won't be strong enough to spur robust hiring, Federal Reserve officials warned Tuesday.

Comment?

Related Topix: Banking

Sky News

Barclays Reports 4.5bn In Pre-tax Profits

Barclays bank has reported A 4.5bn in pre-tax profits for the last nine months. Bankers at Barclays are set to enjoy large bonuses this year Strong peformance from the bank's investment sector led to the large profit.

Comment?

Related Topix: Barclays plc, Banking, Entertainment

TulsaWorld.com - Business

BofA touts lending of $184 billion in quarter

Bank of America Corp. said Monday that it extended nearly $184 billion in credit during the third quarter, as households and communities remain under financial strain.

Comment?

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

Mon Nov 09, 2009

Baltimore Business Journal

T. Rowe Price buys stake in Indian firm

T. Rowe Price will buy a 26 percent stake in UTI Asset Management Co. Ltd . and UTI Trustee Co.

Comment?

Related Topix: T Rowe Price Group, Investment Services

Bloomberg

Fannie Mae May Write Down $5.2 Billion in Tax Credits as U.S. Rejects Deal

Fannie Mae is evaluating whether it will have to write down the value of its low-income housing tax credits after the U.S. Treasury Department rejected a plan to sell them, the mortgage-finance company said today.

Comment?

Related Topix: Fannie Mae, Home, Mortgage, Personal Finance

ClipSyndicate

German Exports Undercut Trichet's Weaker Euro Push: Video

Nov. 9 -- Bloomberg's Sara Eisen reports on the outlook for the euro. A decade after the euro replaced the deutsche mark, Germany's export-driven recovery is undermining European Central Bank President Jean-Claude Trichet's efforts to slow the currency's record rise.

Comment?

Related Topix: Banking, Video, Business News

Philadelphia Business Journal

Report: GE, Comcast reach $30 billion valuation of NBC Universal

General Electric Co. and Comcast Corp. have agreed on a $30 billion valuation of NBC Universal , according to a Reuters report.

Comment?

Related Topix: Cable & Satellite, Comcast, General Electric, Aerospace-Defense, Philadelphia Consolidated Holding, Insurance, Philadelphia, PA

Stornoway Today

10% plan to apply for more credit One in ten Scots say they are...

One in ten Scots say they are planning to apply for more credit over the next three months despite the ongoing recession, according to research.

Comment?

Related Topix: Accounting, 9

Clover Herald

Northrop sells advisory services unit for $1.65B

Northrop Grumman said Sunday it agreed to sell its advisory services business TASC Inc.

Comment?

Related Topix: Manufacturing, Northrop Grumman, Aerospace-Defense, Startups, General Atlantic, Investment Services, Chantilly, VA

Sun Nov 08, 2009

The New Zealand Herald

Still tough going for ASB bank

ASB performed well in the first quarter but operating conditions remain difficult in New Zealand, parent Commonwealth Bank of Australia said today.

Comment?

Related Topix: Oceania, New Zealand, World News, Automakers, Brilliance China Automotive Holdings, Banking

The Straits Times

KDB eyes SE Asian banks

SOUTH Korea's state-funded KDB Financial Group Inc is seeking to buy Southeast Asian banks, instead of merging with Korea Exchange Bank , as the market expected, the group's chief said on Sunday.

Comment?

Related Topix: Banking

Telegraph.co.uk

Goldman Sachs boss: 'bankers do God's work'

Lloyd Blankfein, the chairman and chief executive, of Goldman Sachs, has claimed that bankers do "God's work". Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Photo: BLOOMBERG Mr Blankfein , the son of a Brooklyn postal worker, believes that banks serve a "social purpose" and argues that the return of big profits and bonuses ...

Comment?

Related Topix: Goldman Sachs Group, Investment Banking, Investment Services

The New York Times

Windfall Seen as Bank Bonuses Are Paid in Stock

Even as Washington tries to rein in Wall Street pay, bankers are likely to make unusually large gains on the stock grants and options they received after shares in their companies fell sharply during the financial meltdown, The New York Times's Louise Story reports.

Comment?

Related Topix: Publishing, New York Times, Investment Banking, Goldman Sachs Group, Investment Services

Laos News.Net

Central Bank of Kansas City to take over St Louis bank

Gateway Bank of St. Louis, St. Louis, Missouri, was closed Friday by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corporation as receiver.

Comment?

Related Topix: St. Louis, MO Metro

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