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Financial Service News

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

1 hr ago | Detroit News

Detroit secures up to $275M in financing from Barclays

The city secured up to $275 million in financing - money that will help bankroll Detroit's restructuring if the city successfully emerges from bankruptcy court and pay off debts.

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Related Topix: Detroit, MI, Investment Banking, Barclays Capital, Economics News, Bankruptcy

5 hrs ago | SFGate

US bank earnings up 5.2 pct in 2Q

We have re-imagined our design in a bold new way. Before we roll it out for everyone, we are giving select readers an opportunity to try out the new design.

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Related Topix: Federal Deposit Insurance, Home, Mortgage, Personal Finance, Business News

9 hrs ago | Reuters

Valeant, Ackman get October 6 trial over Allergan special meeting

If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links.

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Related Topix: Allergan, Biotech, AckmanZiff Real Estate Group, Hume, NY

13 hrs ago | Sydney Morning Herald

Bullying complaint: 2GB sacks Roach

Steve Roach has confirmed he has been sacked by radio station 2GB as a result of a bullying complaint made by a staff member.

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Related Topix: Banking, Macquarie Bank

Wed Aug 27, 2014

Chambersburg Public Opinion

Explosion at BP refinery, no injuries reported

An explosion at a BP refinery in Whiting, Indiana, has rattled nearby homes. No injuries have been reported and no evacuation has been ordered.

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Related Topix: Explosion, BP Prudhoe Bay Royalty Trust, Energy, Oil & Gas, Whiting, IN, Fire, Opinion

Brandon Sun

Canadian Western Bank posts record quarterly earnings of $56.6M; revenue up 11%

Canadian Western Bank has reported record quarterly earnings in the third quarter amid an 11 per cent increase in total revenue.

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Related Topix: Canadian Western Bank, Banking

Connecticut Post

Q-and-A on Westerners who join the fight in Syria

This March 23, 2008 photo provided by the Hennepin County, Minn. Sheriff's Office shows Douglas McAuthur McCain.

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Related Topix: Hennepin County, MN, US Bancorp, Banking, Terrorism

Cybercast News Service

Q-and-A on Westerners who join the fight in Syria

This March 23, 2008 photo provided by the Hennepin County, Minn. Sheriff's Office shows Douglas McAuthur McCain.

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Related Topix: Hennepin County, MN, US Bancorp, Banking, Terrorism

Reuters

PwC must face $1 billion lawsuit over MF Global advice

A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by former New Jersey Governor Jon Corzine.

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Related Topix: Banking, Reserve Bank of Australia, PricewaterhouseCoopers, Accounting, Economics News, Bankruptcy, Jon Corzine, US Governors

KMIR 6

US indexes drift a day after record; Express gains

Stocks were mostly flat in midday trading Wednesday after wavering between small gains and losses through much of the morning.

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Related Topix: Financial Markets, Federated Investors, Investment Services

Wall Street Journal

Russian Firm DST Quietly Bet on Snapchat at $7 Billion Price

The Russian billionaire's investment firm DST Global invested in Snapchat earlier this year at a $7 billion valuation, according to two people familiar with the matter.

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Related Topix: Venture Capital, Emerging Technology, Kleiner Perkins Caufield and Byers, Kleiner Perkins Caufield & Byers, Startups, Investment Services

Reuters

UPDATE 1-Carlyle in advanced talks to buy into Vanke's China shopping malls -sources

Global private equity firm Carlyle Group is in advanced talks with China Vanke Co Ltd, the country's largest property developer, to buy stakes in nine of its shopping malls, two people with direct knowledge of the matter told Reuters.

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Related Topix: Carlyle Group, Investment Services

Silicon Alley Insider

Here Are The Watches Wall Street's Biggest Players Wear

Masters of the Universe aren't known for having anything resembling a jewelry collection except for one item - a watch.

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Related Topix: Goldman Sachs, Investment Services

Tue Aug 26, 2014

Business Journal

Charleston banker Rick Redden to lead Carolinas region for Wells Fargo

Wells Fargo & Co. has named Charleston, S.C., banker Rick Redden as its new president of regional banking in the Carolinas.

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Related Topix: Wells Fargo , Banking, Charleston, SC, Startups, Mach One, Institutional Venture Partners

Nanaimo Daily News

Scotiabank wants to increase its profile in countries such as Mexico and Peru

The corporate logo is seen outside Scotiabank headquarters in the financial district in Toronto on December 3, 2002.

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Related Topix: Bank of Nova Scotia The, Banking

Wall Street Journal

Snapchat Fetches $10 Billion Valuation

Kleiner Perkins Caufield & Byers has agreed to invest in the fast-growing ephemeral message service Snapchat Inc. at a valuation of close to $10 billion, people with knowledge of the matter said.

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Related Topix: Kleiner Perkins Caufield and Byers, Startups, Kleiner Perkins Caufield & Byers, Snapchat, iPhone and iPad App, Investment Services, Venture Capital, Emerging Technology

Globe and Mail

The close: TSX at record high but banks sag, S&P 500 above 2,000

The Toronto stock market closed higher Tuesday, boosted in part by major corporate deal making as Burger King announced it's buying Tim Hortons.

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Related Topix: Canada, Tim Hortons, Bank of Montreal, Banking, Bank of Nova Scotia The

WXOW-TV La Crosse

Experts fear Minnesota farmland prices declining

Minnesota Public Radio News reports the Federal Reserve Bank of Minneapolis found in its most recent quarterly survey that the state's farmland prices are on the decline.

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Related Topix: Federal Reserve Bank of Minneapolis, Banking

Daily Mail

Hippo suffers painful death after mistaking a tennis ball thrown...

Finally! Bryan Cranston, Aaron Paul and Anna Gunn pick up top Emmy prizes as 'best drama' Breaking Bad enjoys last hurrah - and star then surprises Julia Louis-Dreyfus with 10-second kiss Moment Michael Brown was shot dead 'caught on audio recording': FBI handed potentially damning tape of ELEVEN rounds being fired - including final volley of 'kill ... (more)

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Related Topix: Anna Gunn, Aaron Paul, Bryan Cranston, Dreyfus Strategic Municipal Bond Fund, Dreyfus Strategic Municipals

West Australian

ICBC deal shows U.S. tech giant IBM still engaged in China

Industrial and Commercial Bank of China has deployed a new IBM mainframe computer system, the two companies said on Tuesday, boosting the U.S. technology giant's credentials in the country.

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Related Topix: Independence Community Bank, Banking, Public Relations

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