Financial Service News
Financial Services news continually updated from thousands of sources around the net.
13 min ago | West Australian
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.
4 hrs ago | The Washington Post
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.
8 hrs ago | Seeking Alpha
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.
12 hrs ago | Iol.co.za
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.
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.
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.
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.
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.
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)
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.
The news is in: humans are totally failing in the global effort to stop climate change. And we don't have much time left.
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.
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.
Everyone knows the financial services industry is a prime target for hackers. Despite the dangers, many applications have software vulnerabilities that expose real risks.
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.
Alliance Data said it plans to boost its digital marketing business by buying Conversant for about $2.3 billion Dallas-based Alliance Data manages credit cards and loyalty programs for retailers such as Lane Bryant , J. Crew and Buckle. Conversant, which is based in Westlake Village, California, provides online advertising services to its clients.
Updated: Sun Sep 14, 2014 07:14 pm
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