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Financial Service News

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

41 min ago | Journalgazette.net

Hiring in state rises with national trend

Angie Dvorak is assistant vice president of public relations for 1st Source Corp. of South Bend. She said the financial services company has provided across-the-board instruction to many of its 1,200 employees.

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Related Topix: 1st Source, Banking, Old National Bancorp

Sun Sep 14, 2014

Al Bawaba

Globalization vs halal: are Islamic finance's non-Muslim...

Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists. Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.

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Related Topix: Goldman Sachs, Investment Services

West Australian

UK-based Phones 4u seeks administrator after EE contract loss

UK mobile phone retailer Phones 4u said it is seeking the appointment of administrators from PricewaterhouseCoopers after its key partner EE notified the company that it would not be renewing its network agreement. The contract, which ends in September next year with the UK's biggest mobile operator EE - which comprises T-Mobile and Orange, was crucial to the business for Phones 4u after it lost a similar contract with Vodafone Group Plc earlier this month.

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Related Topix: Cell Phones, Cellphones, Electronics, PricewaterhouseCoopers, Accounting, T-Mobile, Vodafone Group, Telecom, Vodafone

The Washington Post

Capital One, Navy Federal to partner with Apple for new mobile payment system

Beginning next month, customers will be able to pay for purchases directly from their iPhones and Apple Watches, thanks to a new mobile payment service announced by Apple last week. Two local institutions - McLean-based Capital One and Vienna-based Navy Federal Credit Union - are among the 11 banks, credit unions and credit card issuers partnering with Apple for the roll-out of Apple Pay.

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Related Topix: Capital One Financial, Capital One, Square, Banking, Navy Federal Credit Union, Business News

Seeking Alpha

The 'Entire Fairness' Solution To Fannie Mae Shareholder Rights

With the Fairholme Funds Inc. v FHFA well into discovery, many Fannie Mae/Federal National Mortgage Association and Freddie Mac/Federal Home Loan Mortgage Corp. minority shareholders are starting to feel confident that evidence of self-dealing and the government conservator acting in bad faith will come out, but this raises the tough question of what remedy the courts might be willing to order.

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Related Topix: Fannie Mae, Freddie Mac, Home, Mortgage, Personal Finance, UC Berkeley, University of Pennsylvania

Iol.co.za

World waits for white smoke from US Fed

The US Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom. As the US economy picks up pace, its central bank is inching closer to raising interest rates, a move that will send ripples across the globe.

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Related Topix: Europe, World News, United Kingdom, Banking, European Central Bank

Scotsman.com

Comment: No honesty about financial implications

SEVEN years ago today Northern Rock was on the verge of collapse after its request for emergency funding sparked a run on the bank. Six years ago today Lehman Brothers was preparing to file for bankruptcy and kick-start a chain of events that ended in the deepest recession for generations.

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Related Topix: Investment Banking, Lehman Brothers, Home, Mortgage, Personal Finance

Sat Sep 13, 2014

Nashua Telegraph

Local financial advisers achieve high scores

Robert Bonfiglio, a private wealth adviser, and Brent Kiley, a financial adviser with Bonfiglio Kiley and Associates, a private wealth advisory practice of Ameriprise Financial, received high marks from their clients in the recent Ameriprise Financial Client Relationship Study. Both ranked in the top 25 percent of all Ameriprise advisers, receiving a score of 96 percent or higher based on overall client satisfaction.

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Related Topix: AMP Ltd, Investment Services, Insurance

The Hill

De Blasio under fire amid new threat from Islamic State fighters

New York City Mayor Bill de Blasio is coming under sharp criticism for making decisions that may have undermined the effectiveness of his police department's counter-terrorism operations. Thirteen years after the 9/11 attacks on Manhattan, prominent security experts say de Blasio has made fighting terrorism a lower priority in order to appease the communities that helped elect him.

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Related Topix: Terrorism, Investment Banking, Lehman Brothers, US Politics, US News, Peter King, Republican, US House of Representatives, Michael Bloomberh

New Scientist

Linking cannabis and suicide doesn't prove causation

A study linking daily cannabis use to suicide got a lot of coverage earlier this week, but, Michael Slezak says, correlation does not mean causation The article, and others like it, were reporting on a study linking teenage cannabis use with school dropouts, addiction and suicide, published in the The Lancet Psychiatry . Echoing the research findings, the articles declared that if teenagers smoke cannabis daily, it makes them seven times more likely to commit suicide compared with non-users.

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Related Topix: Family, Teenagers, Australia and New Zealand Banking Group, Drugs

West Australian

Bosses charged with rebuilding Portugal's BES bank quit after two months

The rebuilding of Portugal's Novo Banco - the successor to Banco Espirito Santo after a state rescue last month - was dealt a blow on Saturday with the resignation of the three men handpicked by the central bank in July to turn BES round. Chief executive Vitor Bento, finance director Joao Moreira Rato and deputy CEO Jose Honorio said they were leaving because their initial mandate to revive the bank with private money had changed too much since the government bailout.

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

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

During a VIP party this ... MARRONE BIO SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Marrone Bio Innovations, Inc. )--Kahn Swick & Foti, LLC and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 4, 2... OCWEN SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit against Ocwen Financial Corp. )--Kahn Swick & Foti, LLC and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 14, 2... ENZYMOTEC SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds ... (more)

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Related Topix: Ocwen Financial

News Max

Stocks Decline on Fed Speculation After Retail Sales Climb

U.S. stocks fell, giving the Standard & Poor's 500 Index its first weekly drop in more than a month, as investors speculated the Federal Reserve may raise interest rates sooner than estimated after retail sales climbed at the fastest pace in four months. The S&P 500 fell 0.6 percent to 1,985.56 at 4 p.m. Friday in New York.

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Related Topix: Financial Markets, Janney Montgomery Scott, Investment Services

Fri Sep 12, 2014

USA Today

HSBC pays $550M over risky mortgage securities

Big British bank HSBC has agreed to pay $550 million to resolve U.S. claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007. HSBC pays $550M over risky mortgage securities Big British bank HSBC has agreed to pay $550 million to resolve U.S. claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007.

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

SFGate

Here's How Little Time We Have Until Global Warming Is Out Of Control

The news is in: humans are totally failing in the global effort to stop climate change. And we don't have much time left.

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Related Topix: Accounting, PricewaterhouseCoopers, Weather, Business News

The Washington Post

Carbon Volatility to Jump on EU Overhaul Talks: Carbon & Climate

Citigroup Inc., Societe Generale SA and Commerzbank AG say prices will start swinging again after European lawmakers resumed talks this week on setting up a reserve to reduce a permit glut that drove the market to a record low. Sixty-day volatility for carbon futures surged by a quarter in April 2013 after politicians threatened to block a rescue plan designed to support prices.

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Related Topix: Banking, Citigroup, Basf Ag, Chemicals, Business News

AmericanBankingNews.com

PNC Financial Services Group Receives Average Recommendation of "Buy" from Analysts

PNC Financial Services Group has earned a consensus rating of "Buy" from the twenty-six analysts that are presently covering the stock, American Banking News.com reports . Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company.

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Related Topix: Pnc Financial Services GroupThe, Banking

Wall Street and Tech

Leaving Out the Welcome Mat for Financial Services Hackers

Everyone knows the financial services industry is a prime target for hackers. Despite the dangers, many applications have software vulnerabilities that expose real risks.

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Related Topix: Science / Technology, Computer Security

WTVM

Burger King releases 'black burger' in Japan

Burger King in Japan is offering two new burgers, this one, the Kuro Pearl buger has a black bun and black cheese. The Kuro Diamond is one of two burgers offered by Burger King that features black buns and cheese.

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Related Topix: European Central Bank, Banking

Thu Sep 11, 2014

SiliconValley.com

Pandora strikes BMG deal for hits from Sinatra to Jay-Z

Pandora Media, the pioneering Internet radio service, reached a licensing agreement with rights management group BMG for hit songs of musicians and artists ranging from Beyonce to Frank Sinatra. Pandora and the music industry have been fighting over the cost of royalties and licensing for several years, and this deal "ensured a royalty structure that works better for both of us," Pandora Chief Financial Officer Mike Herring said at an investor conference hosted by Goldman Sachs in New York on Thursday.

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Related Topix: Pandora, Pop/Rock, BMG, Startups, Pandora Media, Goldman Sachs, Investment Services, Cohen Group, Consulting, Oakland, CA

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