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Financial Service News

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

2 hrs ago | Business Journal

Bank of America picks Countrywide vet Steve Boland to run home-loans unit

Bank of America veteran Steve Boland has been named the new home-loans origination executive for the Charlotte-based bank, filling a newly created position overseeing sales and fulfillment nationwide.

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Related Topix: Banking, Bank of America, Home, Mortgage, Personal Finance

6 hrs ago | Daily Mail

Were the 'Trainspotting generation' behind a spike in crime? Huge...

'Be the Rolls Royce not the Hyundai': The 'Pimp Manifesto' of sex trafficker who lured beautiful young girls into prostitution in Florida Tragedy as college graduate, 26, dies after being BURIED ALIVE by 10ft deep sand tunnel he was digging on the beach John Travolta can't stop former pilot bringing lawsuit so he can reveal secrets of his time ... (more)

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Related Topix: Prison, Royce Value Trust, Travel, Israel Travel, Middle East Travel, us Travel, US News, Federal Aviation Administration

Tue Jul 22, 2014

KHOU-TV Houston

Ackman goes after Herbalife's nutrition clubs

Activist investor Bill Ackman once again denounced weight loss and nutritional supplements company Herbalife as a pyramid scheme, but Wall Street shrugged off his criticism and sent the company's stock soaring 25 percent Tuesday.

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Related Topix: AckmanZiff Real Estate Group, Marketing

Reuters

NY Fed found serious problems at Deutsche Bank's U.S. arms: WSJ

The Federal Reserve Bank of New York has found serious problems in Deutsche Bank AG's U.S. operations, including shoddy financial reporting, inadequate auditing and oversight and weak technology, the Wall Street Journal reported.

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Related Topix: Deutsche Bank AG, Banking, Federal Reserve Bank of New York, Bank of New York

Carlsbad Current-Argus

Discover Financial's 2Q profit jumps 7 percent

Discover Financial Services' net income grew 7 percent in the second quarter as credit card spending and overall loans increased from a year ago.

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Related Topix: Discover Financial Services, Riverwoods, IL

Brandon Sun

A&W Revenue Royalties Income Fund has lower second-quarter net income

A&W Revenue Royalties Income Fund said Tuesday its second-quarter profit fell to $4.1 million, but total sales were up about 12 per cent as the fast food chain repositions its brand with beef raised without the use of hormones.

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Related Topix: AW Revenue Royalties Income Fund, Investment Services, Life, Fast Food, Food

NewsOK.com

TD Ameritrade's quarterly profit up 3 percent

TD Ameritrade Holding Corp. says its quarterly profit improved 3 percent as clients trusted the online brokerage with more assets and trading activity remained strong.

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Related Topix: Ameritrade Holding, Investment Services, Omaha, NE

Bradenton.com

CIT Group buying OneWest Bank in $3.4B deal

OneWest, whose parent company is IMB Holdco LLC, runs 73 retail branches in southern California.

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Related Topix: CIT Group, Livingston, NJ

News Observer

CIT Group buying OneWest Bank in $3.4B deal

IMB shareholders will receive $2 billion in cash and 31.3 million CIT Group shares that are currently valued at $1.4 billion.

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Related Topix: CIT Group, Livingston, NJ

Daily Herald

Mueller Financial Services names Brent Kalka partner and VP

Mueller Financial Services, Inc., the financial planning, investment advisory and insurance solutions division of CPA and Management Consulting firm Mueller, today announced that Financial Advisor Brent Kalka has been promoted to Partner and Vice President of the firm, effective immediately.

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Related Topix: Personal Finance, Retirement

Mon Jul 21, 2014

The Auto Channel

Location Based Technologies GPS Trackers Chosen by Australian Warranty Network

July 21, 2014: Finda Corp Pty Ltd. acting as the exclusive distributor in Australia for Location Based Technologies, Inc. , announced today a partnership agreement with Australian Warranty Network to resell Commercial and Consumer LBT vehicle GPS tracker solutions into the automotive and other vehicle Extended Warranty market in Australia and New ... (more)

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Related Topix: Science / Technology, GPS, Location Based Technologies, Australia and New Zealand Banking Group

Bellingham Herald

Pennsylvania sees 3rd rating downgrade in 2 years

New York-based credit ratings agency Moody's Investors Service dropped Pennsylvania's $11.1 billion of general obligation bonds a rung on its rating ladder, from Aa2 to Aa3, leaving it ranked among the six worst states in Moody's ratings for the 47 states with general obligation debt.

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Related Topix: US Governors, Tom Corbett, Pension, Personal Finance, Moodys, Financial Markets, US News

KING-TV Seattle

Ackman says he can prove Herbalife is a 'fraud'

Hedge fund manager Bill Ackman said he will hold a presentation Tuesday that will prove nutrition company Herbalife is a "fraud."

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Related Topix: AckmanZiff Real Estate Group, Life, Food, Nutrition, Seattle, WA

Bellingham Herald

Senate panel: Banks helped hedge funds skirt taxes

The probe by the Senate Permanent Subcommittee on Investigations will be the subject of a daylong hearing on Tuesday and also spells more trouble for the embattled Internal Revenue Service.

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Related Topix: Tax, Banking, Deutsche Bank AG, US News, US Senate, Democrat, US Politics, Carl Levin, Home, Mortgage, Personal Finance

The Winnipeg Free Press

Valeant contacts regulators about what it says are misleading claims by Allergan

The head office and sign of Valeant Pharmaceutical are pictured in Montreal on May 27, 2013.

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Related Topix: Biotech, Valeant Pharmaceuticals International, Securities and Exchange Commission, Corporate / Securities Law, US Securities and Exchange Commission, Law

Business Journal

SunTrust profit up 6 percent in second quarter

SunTrust Banks Inc. The Atlanta-based banking company reported its second quarter profit was up 6 percent.

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Related Topix: Suntrust Banks, Banking

Business Journal

Mortgage, tax charges hit BB&T earnings

BB&T on Monday reported net income of $425 million in the second quarter, down from $547 million a year earlier, and missed analysts' projections on per-share earnings.

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Related Topix: Home, Mortgage, Personal Finance, BBT, Banking

West Australian

BNP case spurs calls for whistleblower incentives in banking

The U.S. Securities and Exchange Commission has scored big enforcement successes and delivered millions of dollars in awards to whistleblowers under a programme from the 2010 Dodd-Frank overhaul of Wall Street.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, US Securities and Exchange Commission

Lexington Herald-Leader

The Journey: How much income will that 401(k) generate?

The retirement savings industry wants you to instead think about the monthly paycheck the account can generate.

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Related Topix: Personal Finance, Retirement, BlackRock, Investment Services, Pension

The Age

Collector gets 422 million American Express points with purchase of ancient cup

Chinese collector Liu Qiqian drinks tea from the $39 million porcelain cup he bought at Sotheby's Hong Kong.

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Related Topix: Travelers Express Company, Travel, Asia Travel, China Travel, Frequent Flyer Miles

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