Financial Service News

Chief Financial Officer Joe. L. Price and mortgage unit President Barbara J. Desoer will earn less salary in 2009 than they did last year following approval by the officer of the special master for TARP Executive Compensation, Bank of America said in papers filing with the Securities and Exchange Commission.

Authorities in Florida were searching Saturday for a man police said opened fire on his family after Thanksgiving dinner and killed four people, including his pregnant sister and a 6-year-old cousin who was sleeping in her bed.

The United States, China and other commercial powers will spearhead a new attempt next week to find ways to revive world trade and pull the global economy out of recession.

Regulators have ordered an Atlanta bank to immediately raise capital levels or find a buyer or merger partner.

Nov. 27 -- David Bloom, global head of currency strategy at HSBC Treasury & Capital Markets, talks with Bloomberg's Judith Bogner about the impact of Dubai's debt woes on financial markets.

Onex Corp. said Wednesday it has sold part of its interest in Emergency Medical Services Corp.

Dubai's debt crisis rattled world financial markets Friday, raising concerns that some banks could further tighten lending and hamper the global economic recovery.

Canwest Global Communications struck back at Wall Street titan Goldman Sachs Wednesday, telling a court that a move to dissolve its joint specialty-TV venture prior to its creditor-protection filing was the only way to prevent a forced sale of the media company's most profitable assets.

FDIC: Nevada-based banks lost money in 3rd quarter LAS VEGAS - Federal regulators say banks with Nevada charters continued to struggle in the third quarter.

General Electric Co. may be closer to selling control of NBC Universal to Comcast Corp.

Nov. 26 -- John Purcell, managing director of executive search firm Purcell & Company, talks with Bloomberg's Mark Barton about changes to U.K. bank bonus rules proposed by David Walker in a government-commissioned report.

It's one Forbes list where none would want to figure, but Ramalinga Raju, the founder-chairman Satyam Computers , has managed the feat of being among the world's 10 most outrageous CEOs.

Tower Australia full-year profit declined by 32 per cent as the life insurer's investments were hit by volatile markets and a higher amortisations charge.

The estimated $3.5 billion remaining assets of the Reserve Primary Fund should be distributed on a prorated basis to shareholders, a federal judge ruled on Wednesday in response to lawsuits filed after the fund's value dropped below $1 a share in September 2008.

Bank of America is having such a hard time finding a new CEO that some analysts are wondering if Ken Lewis might have to stay past his planned Dec.

The two sued for breach of contract. Deutsche Bank said Bank of America failed to secure $1.25 billion in cash and mortgage loans on its behalf.

Nov. 25 -- Dennis Stattman, a fund manager for BlackRock Inc., talks with Bloomberg's Margaret Brennan about his investing strategy for emerging markets, particularly Asia.

Bank of Ireland does not foresee the need for further state bailouts according to the restructuring plan submitted to the European Union, though it said the state would remain a substantial owner.

The Federal Reserve on Wednesday tightened the conflict of interest restrictions governing the boards of directors of its 12 regional banks.

An "evil" US con man who portrayed himself as a "Hanoi Hilton" prisoner of war survivor to scam victims in New Zealand, Australia and the US out of almost US$4 million has been jailed.