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Financial Service News

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

3 hrs ago | IBJ.COM

Second man arrested in brokerage hacking scheme

A man has pleaded not guilty to participating in a scheme to access online brokerage accounts to jack up stock prices and reap thousands of dollars in illegal profits.

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Related Topix: Prison, Ameritrade Holding, Investment Services

7 hrs ago | MarketWatch

Financial Stocks: CIT Group shares fall on credit-quality concerns

Shares of CIT Group Inc. were off nearly 30% in morning trading Friday on a report the Federal Deposit Insurance Corp.

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Related Topix: CIT Group

11 hrs ago | Macon Area Online

Wall Street ekes out gains

Thu Jul 9, 2009 4:45pm EDT - Flags fly outside of the Goldman Sachs headquarters building in the financial district of New York May 8, 2009.

Comment?

Related Topix: Investment Banking, Goldman Sachs Group, Investment Services, Financial Markets, Mining, Alcoa, Biotech, Merck , Medicine, Healthcare Industry

15 hrs ago | ClipSyndicate

VIDEO: G-8 Agrees to 80% Cut in Carbon Emissions by 2050

Analysis and Discussion with Pavel Molchanov of Raymond James & Associates

Comment?

Related Topix: Investment Services, Video, Business News

Thu Jul 09, 2009

Press-Enterprise

SEC calls for Calif. IOUs treated as securities

The recipients of billions of dollars in IOUs being issued by California soon may be able to sell them on a regulated market, following action taken Thursday by federal regulators.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, California, California Government, Banking, Citigroup

Telegraph.co.uk

Third wave of cyber attacks

The government plans to replace 'sick notes' with 'fit to work' certificates for those who can return to some form of employment Photo: PA AhnLab, a South Korean developer of anti-virus software, had forecast the virus, which hit dozens of US and Korean sites this week, would return at 6pm on Thursday and hit seven domestic sites.

Comment?

Related Topix: South Korea, World News, Asia, Kookmin Bank, Computers

Bloomberg

JPMorgan, Bank of America Switch Credit Cards to Variable Interest Rates

JPMorgan Chase & Co. and Bank of America Corp. are replacing fixed interest rates on some credit cards with variable rates, citing changing costs and new U.S. curbs on pricing.

Comment?

Related Topix: Banking, Bank of America, JP Morgan Chase , US Politics, Charles Schumer, US News, US Senate, Democrat, Citigroup, US House of Representatives, Barney Frank

WABC 7

Citigroup shuffles executives

Citigroup Inc. said Thursday that its former chief financial officer and current chairman of Citi Holdings, Gary Crittenden, is leaving the company as part of the bank's latest shuffling of management.

Comment?

Related Topix: Citigroup, Banking

Information Week - All Stories and Blogs

Apple Disclosures On Steve Jobs' Health May Still Face SEC Scrutiny

The U.S. Securities and Exchange Commission is reportedly still examining whether Apple misled investors on Steve Jobs' health, raising questions over how critical Jobs is to Apple's future.

Comment?

Related Topix: Computers, Apple Computer, Securities and Exchange Commission, Corporate / Securities Law, Law, Steve Jobs

Reuters RSS Reuters.com

VIDEO: Nomura seeking Australia license

July 8. - Nomura Holdings is seeking an equity license with the Australian Stock Exchange.

Comment?

Related Topix: Nomura Holding, Investment Services

Wed Jul 08, 2009

WGNO

California IOU recipients could be left scrambling for cash after Friday; bank plan criticized

After taking multibillion-dollar bailouts from the federal government, some of the nation's biggest banks are declining to lend a hand with a different financial mess: the California budget stalemate.

1 comment

Related Topix: Banking, JP Morgan Chase , Bank of America, Wells Fargo , Citigroup, Galt, CA, Home, Mortgage

Fortune

9 firms to run toxic assets program

Financial regulators on Wednesday tapped nine financial firms, including some of the biggest names on Wall Street, to help run a government program aimed at cleaning up the books of the nation's banks.

Comment?

Related Topix: BlackRock, Investment Services

Computerworld

Cyber attack his South Korean Web sites

A number of South Korean government Web sites were inaccessible on Wednesday, apparently taken offline by a large cyber-attack that had earlier hit U.S. government sites.

Comment?

Related Topix: Computer Security, Science / Technology, Banking

FOX6Now.com - WITI

Swiss government says it would seize UBS client data to...

Switzerland's government said Wednesday it would forbid the Swiss bank UBS AG from complying with any court-ordered transfer of data on tens of thousands of American clients to the U.S. government, and would consider seizing documents to prevent that.

Comment?

Related Topix: Banking, Ubs Ag, Prison, US Travel, Travel, Switzerland Travel

WPMT-TV York

Singapore bans 10 financial firms from selling structured notes after Lehman-linked default

Singapore's central bank has banned some of the island's biggest financial institutions from selling structured notes after they improperly marketed $367 million of the bonds that were linked to Lehman Brothers Holdings Inc.

Comment?

Related Topix: Investment Banking, Lehman Brothers Holdings, Investment Services, Financial Markets

Institutional Investor News

BofA Merrill Promotes M&A Chiefs

He is presently vice-chairman of mergers and acquisitions at the merged bank, along with Steven Baronoff .

Comment?

Related Topix: Bank of America, Banking

Tue Jul 07, 2009

Boston.com

Deadline for Globe bids postponed

No new date has been set for the bids. Representatives of Goldman Sachs & Co., the investment banking firm hired by the Times Co.

Comment?

Related Topix: Investment Services

ClipSyndicate

VIDEO: Goldman May Lose Millions From Code Theft - Prosecutor

Goldman Sachs may lose millions, if their software gets into the wrong hands. A former Goldman computer programmer is charged with stealing a code.

Comment?

Related Topix: Goldman Sachs Group, Investment Banking, Investment Services, Video, Business News

KSWB-TV San Diego

Bill Clinton seeks to regain donors' attention on first visit as UN envoy to troubled Haiti

Bill Clinton aims to refocus international attention on this Caribbean country's deep economic problems and environmental decay during his first visit as the United Nations' special envoy to Haiti.

7 comments

Related Topix: Haiti, World News, Central America, Wyclef Jean, Black Entertainment, Hip-Hop, Banking

Miami Herald

Lear files for Chapter 11 bankruptcy protection

Struggling automotive parts supplier Lear Corp. said it has filed for Chapter 11 bankruptcy protection after receiving the support it needed from lenders and bondholders.

Comment?

Related Topix: Manufacturing, Automakers, Textiles, Lear Corporation, Economics News, Bankruptcy, Banking, JP Morgan Chase , Citigroup, Southfield, MI

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