Financial Service News

British hedge fund adviser GLG Partners LP and a former holding company agreed to pay about $9 million to settle U.S. regulatory charges that internal control failures had caused them to inflate a fund's assets and collect excessive fees.

The kiwi touched 92.46 Australian cents early this morning, and was trading at 92.23 cents at 8am in Wellington, from 91.63 at 5pm yesterday.

The San Francisco Giants have partnered with Wells Fargo to provide $100,000 in education grants to 25 Bay Area schools.

Avon Products has halted the rollout of a global SAP implementation, with the cosmetics maker saying in a regulatory filing that a pilot program in Canada caused "significant business disruption in that market, and did not show a clear return on investment."

Bank of America Corp has agreed to pay $131.8 million to settle Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about mortgage securities it structured and sold.

Hilton Worldwide Holdings Inc. announced today the pricing of its initial public offering of 117,640,624 shares of common stock at a price to the public of $20.00 per share.

A federal judge has agreed to hear a case filed by two same-sex couples in Texas seeking to overturn a state constitutional amendment banning gay marriage, their lawyer said on Wednesday.

Organized announced Wednesday that Meridian Health Plan has signed on as title sponsor for Detroit's Winter Blast for the next three years.

Employees work while they eat in the rooftop patio at Twitter headquarters in San Francisco, Calif., on Thursday, Aug 2, 2012.

Lululemon Athletica will pay its new chief executive at least US$3.1 million in salary, stock and bonuses in his first year on the job, according to documents filed with the U.S. Securities and Exchange Commission.

5, 2013 photo, chemotherapy is administered to a cancer patient via intravenous drip at Duke Cancer Center in Durham, N.C. New research says tens of thousands of women each year might be able to skip at least some of the grueling treatments for breast cancer without greatly harming their odds of survival.

U.S. regulators have taken a major step toward reining in high-risk trading on Wall Street, banning the largest banks from trading for their own profit in most cases.

MasterCard Inc, the world's No.2 credit and debit card company, announced a 10-for-1 stock split and raised its quarterly dividend by 83 percent, sending its shares up 3 percent to their life-high in extended trading.

Taxpayer-backed Lloyds Banking Group has been fined a record A 28 million after the City regulator uncovered "serious failings" in its bonus schemes that put pressure on sales staff to hit targets or avoid being demoted.

Dexus Property Group and the Canada Pension Plan Investment Board raised their offer for the office fund controlled by Commonwealth Bank of Australia to A$3 billion , challenging GPT Group's bid.

QUARTER capital markets and underwriting revenues this quarter are running slightly below results from a year ago, Citigroup Inc Chief Financial Officer John Gerspach said on Tuesday FOURTH-QUARTER capital markets and underwriting revenues this quarter are running slightly below results from a year ago, Citigroup Inc Chief Financial Officer John ... (more)

Royal Bank of Scotland group finance director Nathan Bostock has 'informed the board of his intention to resign', less than three months after taking the role The Royal Bank of Scotland's group finance director is to resign less than three months after taking the role, it has been confirmed.

The Kansas City, Mo., company typically reports a loss in the August-October period because it takes in most of its revenue during the U.S. tax season.

EXPERIENCE: Has served in a variety of roles for General Motors, including vice president of global human resources and vice president of global manufacturing engineering.

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