Financial Service News

Radical plans to split Royal Bank of Scotland into a 'good' bank and a 'bad' bank must be looked at immediately Radical plans to split Royal Bank of Scotland into a "good" bank and a "bad" bank must be looked at immediately as part of an urgent rethink of Government plans for privatisation, according to an influential Parliamentary commission.

Fifth Third Bancorp on Tuesday boosted its common stock cash dividend by 1 cent, or 9 percent, to 12 cents.

The widow of a U.S. banking executive slain in a drive-by shooting in Puerto Rico has filed a wrongful death lawsuit against the bank's CEO and other high-ranking officials.

Royalty Pharma has let its latest takeover bid for Irish drugmaker Elan lapse as it decided against pressing ahead with a court challenge of a requirement that it withdraw the offer.

Over the past few years, Citigroup Inc has been grappling with an unusual problem - how to incur more U.S. taxes.

Wall Street is ramping up financing to private-equity firms buying homes to rent, helping them accelerate purchases as competition increases and prices jump .

Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover battle that also includes Japanese mobile carrier SoftBank Corp. The lawsuit filed on Monday in Delaware Chancery Court accuses Dish of trying to "fool" and "coerce" Clearwire shareholders into ... (more)

Executives with OneWest Bank have announced that more than 700 workers will lose their jobs as the company is acquired as part of a $2.53 billion deal.

Natasha Salter, from Stoddens Road, and Clare Kingston, from Lynton Road, travelled from Torquay to Burnham in a tandem bike ride to raise funds for MacMillan Cancer Support.

According to statements from one former BofA employee, workers who managed to push at least 10 clients into foreclosure received $500 bonuses as well as gift cards to Target and Bed Bath and Beyond.

ANZ Banking Group and Macquarie Bank will have to set aside up to $S300 million each after being caught up in Singapore's rate-rigging scandal.

No currency has ever fallen afoul of investors as fast as the Aussie over the past two months.

Newcrest Mining Ltd. , Australia 's largest gold producer, is facing scrutiny from regulators about its disclosure of a possible A$6 billion writedown after bullion slid into a bear market.

Goldman Sachs plans to announce this week that it will finance an early education program in Utah - and it expects to make money on the venture.

The head of an influential charity is being criticized for his ties to the oil and gas industry, but some experts say the allegations are misguided.

Ousted boss Stephen Hester has warned it could take up to a decade for the taxpayer to be repaid its 45 billion stake in bailed-out Royal Bank of Scotland .

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The United States Attorney's Office announced 23-year-old Jason Berg was arrested and charged by criminal complaint with committing the robberies.

Jose Santos Benavides, 42, lives with daughter Gloria, 6, and the rest of his family in a Rockville apartment.

Piper Jaffray's target price indicates a potential upside of 29.20% from the stock's previous close.