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Financial Service News

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

2 hrs ago | Journalgazette.net

7 deadly sins made by eateries

Ryan DuVall, restaurant critic for The Journal Gazette, was a "foodie" long before joining The Journal Gazette in 1999.

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Related Topix: Northeast Indiana Bancorp, Banking, Potatoes, Life, Food, Vegetables, Restaurant Management

6 hrs ago | Reuters

Citi, U.S. $7 billion settlement announcement expected Monday

Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.

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Related Topix: Banking, CitiMortgage, Citigroup, us Travel, Travel, Home, Mortgage, Personal Finance, US News

9 hrs ago | Wall Street Journal

American Picks GE-Safran Engines

American Airlines Group has selected a joint venture of General Electric Co. and Safran SA to power its new Airbus Group NV A320neo narrow-body planes.

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Related Topix: Aerospace-Defense, General Electric

13 hrs ago | Sydney Morning Herald

Former CBA boss Norris blames scandal on 'rogues'

Former Commonwealth Bank of Australia chief executive Ralph Norris has broken his silence over the bank's financial planning scandal, labelling the advisers involved as ''rogue people'' and denying any conspiracy to defraud customers.

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Related Topix: Automakers, Commonwealth Bank of Australia, Brilliance China Automotive Holdings, Banking

17 hrs ago | Lowell Sun

Lowell golf champ in stock-trade crackdown

Douglas Parigian, a Lowell attorney and 10-time Lowell City Golf Tournament champion, and Eric McPhail, also a champion golfer, competed in the same tournaments across the region in the last year.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, US Securities and Exchange Commission, American Superconductor, Manufacturing, Electronics

21 hrs ago | The Indian Express

Eight blue-chip cos lose Rs 1.11 lakh cr in market valuation

The market valuation of ONGC plunged Rs 22,201.5 crore to Rs 3,38,754.63 crore, becoming the top loser among the top-10 firms.

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Related Topix: HDFC Bank

Sat Jul 12, 2014

The News Tribune

Rep. Heck's rematch in 10th Congressional District features only one Republican this time

First-term Democratic Rep. Denny Heck looms as a kind of modern Goliath for the three challengers in Washington's 10th Congressional District primary this year.

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Related Topix: US News, US Politics, US House of Representatives, Representative Dennis Heck, Democrat, Pierce County, WA, Puyallup, WA, Federal Election Commission, Olympia, WA

Wall Street Journal

RapGenius Rebrands With $40M, Aims to 'Annotate the World'

A company that started out as a kind of social network for hip-hop fans to discuss the meaning of their favorite song lyrics, RapGenius , raised $40 million in Series B funding from Andreessen Horowitz and Dan Gilbert, according to company co-founders and a blog post from Ben Horowitz.

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Related Topix: Venture Capital, Emerging Technology, Investment Banking, Lehman Brothers, Vista, CA, Isla Vista, CA

Business Journal

SACU executive to serve on Dallas Fed advisory council

Steve Hennigan, president and CEO of the San Antonio Federal Credit Union, has been tapped to join the Federal Reserve Bank of Dallas' Community Depository Institutions Advisory Council.

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Related Topix: Federal Reserve Bank of Dallas, Banking

Business Journal

Regal Financial merges with Boise bank

Seattle's Regal Financial Bank has reached agreement to merge with another bank.

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Related Topix: Federal Deposit Insurance, Banking, Financial Institutions

Suria

Softbank in deal to merge Sprint, T-Mobile

Japan's SoftBank and Deutsche Telekom of Germany have reached a basic agreement for a merger between their US affiliates Sprint and T-Mobile US, the business daily Nikkei reported Saturday.

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Related Topix: SoftBank, Investment Services, Cell Phones, Cellphones, Electronics, AT&T

News Times

General Electric's second-quarter earnings report Friday comes soon after it prevailed in a two-month fight to acquire the power assets of France's Alstom.

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Related Topix: General Electric, Aerospace-Defense

Fri Jul 11, 2014

The Globe and Mail

Elizabeth Comper was a fighter against racism on several fronts

Elizabeth Comper had a comfortable life a decade ago as wife of the Bank of Montreal's chief executive when she saw something on television that shocked and upset her: the world's oldest hatred flaring up again in her own country.

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Related Topix: Bank of Montreal, Banking, Libraries, Canada, Family, Adolescents and Pre-Teens, Marketing

Reuters

UPDATE 2-Wells Fargo's focus on energy shows growth strategy

Wells Fargo & Co is angling to cash in on the U.S. energy boom, as the fourth-largest U.S. bank looks for new avenues of revenue growth to overcome a slump in mortgage lending, its traditional driver of profits.

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Related Topix: Wells Fargo , Banking, Startups, Mach One, Institutional Venture Partners, Home, Mortgage, Personal Finance

National Public Radio

Ex-Chief Of Huge Pension Fund Guilty Of Bribery

Federico Buenrostro Jr., the former chief executive of California Public Employees' Retirement System, entered his plea in San Francisco federal court.

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Related Topix: Pension, Personal Finance, California Public Employees Retirement System, Investment Services, Retirement

National Public Radio

US Records $71 Billion Budget Surplus In June

The U.S. government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.

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Related Topix: Fannie Mae, Mortgage, Personal Finance, US News

GPB.org

Economists Say Inflation Is Tame; Consumers Aren't Buying It

Meat is displayed in a case at a grocery store in Miami. The index of retail prices for meats, poultry, fish and eggs was up 7.7 percent from a year ago more than triple the overall inflation rate.

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Related Topix: Pnc Financial Services GroupThe, Banking, Life, Fruits, Food, US News, United States Department of Agriculture

Sunherald.com

Wells Fargo 2Q profit rises, helped by loan growth

In this Wednesday, Dec. 19, 2012, file photo, a man walks past a Wells Fargo location in Philadelphia.

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Related Topix: Wells Fargo , Banking, Home, Mortgage, Personal Finance

Business Journal

Mortgage rates edge higher

Freddie Mac says the average rate on a 30-year fixed-rate mortgage in the week ending July 10 was 4.15 percent, up from 4.12 percent last week.

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Related Topix: Mortgage, Personal Finance, Home, Freddie Mac

Prince George Citizen

Troubled Portuguese bank insists it can cope with losses, helps soothe market nerves

A currency trader passes by screens showing the Korea Composite Stock Price Index, left, and the exchange rate between the U.S. dollar and the South Korean won at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Friday, July 11, 2014.

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Related Topix: Banking, Exchange Bank, Korea Exchange Bank, South Korea, World News, Portugal

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