Financial Service News

Vernon C. Sumnicht saw the writing on the wall about a decade ago. The certified financial planner and money manager, who at the time charged fees of 1.5% annually, submitted a carefully worded proposal to consult a foundation on its investment portfolio.

Writing in the Guardian newspaper on Saturday, journalist Dan Roberts details how newly released documents from inside the Clinton adminstration reveal how the president's economic advisors at the time downplayed the possible negative impacts of deregulating Wall Street as they pushed for measures that many critics say ultimately led to the ... (more)

It turns out a visit from Bill Clinton isn't the only thing Marjorie Margolies needs to complete her political comeback.

High finance is a small world just like Baltimore is a small town, and it showed as potential conflicts of interest cropped up during a fight over ownership of the city's biggest local bank.

Los Angeles, April 19: Singer Miley Cyrus is still in the hospital following a severe allergic reaction after she took antibiotics.

Wisconsin's largest homegrown bank produced more earnings than expected in the first quarter of this year -- but its profits were still less than a year ago.

NIGHT'S RAIN. LESLIE, DAVID? THANK YOU, DETECTIVE. NEW THIS MORNING A SCHOOL PRESENTATION BRINGS BACK SOME DISTURBING MEMORIES FOR A TEEN-AGE GIRL.

The suit says stock exchanges, investment banks and others defrauded investors by manipulating market data in favor of split-second stock-trading firms.

Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist.

Kaiser is president, CEO and primary owner of GBK Corp., parent of Kaiser-Francis Oil Company, which he has managed for 40 years.

U.S. District Judge Jed Rakoff in Manhattan directed Gupta to surrender by 2:00 p.m. EDT on that date to start serving his sentence at an institution chosen by the Federal Bureau of Prisons, according to an order issued on Thursday.

Duke Energy told shareholders Thursday that cleanup costs resulting from its massive coal ash spill into the Dan River won't have a material effect on the $50 billion company's bottom line.

Finally, retailers and banks have agreed to work together to fight data breach incidents, foregoing the finger-pointing of who's responsible for prevention and recovery .

The agreement requires the investor group to pay the salaries of U.S. border inspectors and the cost of inspection facilities on a pedestrian bridge from Tijuana's existing airport into the United States, Commissioner R. Gil Kerlikowske said during a brief interview on a visit to San Diego.

Fifth Third Bancorp says its first-quarter net income fell 25 percent, mostly on a decline in its investment in its former Vantiv payment-processing subsidiary.

Weibo provides a Twitter-like service that allows users to post up to 140 Chinese characters to share with others.

The world's largest retailer introduced a new money transfer service Thursday that it says will cut fees for its low-income customers by up to 50 percent compared with similar services elsewhere.

Stocks are headed for a fourth gain in a row after several big-name U.S. companies reported encouraging first-quarter results.

The bank earned $1.95 billion in the quarter, down 11 percent from $2.19 billion in the same period a year earlier.

Wal-Mart Stores Inc said on Wednesday that it will announce a new service with electronic payments provider Euronet Worldwide Inc on Thursday, but gave no other details.