Financial Service News

John Rice, vice chairman of General Electric Co. and chief executive officer of global growth and operations, oversees global operations for one of the world's largest and most diversified companies.

A man walks past the Royal Bank of Canada offices in downtown Ottawa, October 31, 2011.

Maybe just to ensure that no bankster will ever face the slimmest possibility of being convicted and sent to prison, they're now writing the laws that would govern them, with the blessing of Republicans, of course.

UBS ' French unit could be placed under formal investigation in the coming days as part of a broader probe into the Swiss bank's business practices, a person familiar with the matter said on Friday.

Organizers of the "Grow NC Strong" organization said Friday they filed paperwork with the Federal Election Commission this week to create the political action committee.

A multibillion-dollar settlement over credit card swipe fees is facing growing opposition from some of the nation's largest retailers.

Fatburger, a chain with a devoted West Coast following, has announced it will sell its branded frozen beef patties in Walmart stores nationwide.

Here's a look at Netflix since its stock peaked in July 2011 at nearly $305. Netflix had just announced an unpopular price increase in the U.S., and investors got worried by the intensity of the customer backlash.

A jury in Santa Fe has convicted a 54-year-old landlord of murder in the shooting deaths of a tenant and her daughter's boyfriend.

Dominion Resources is making the largest ever private-sector donation to the Black History Museum and Cultural Center of Virginia.

The news comes after the payouts administrator, Patrick Juneau, predicted that over 200,000 claims may be made in total by businesses and individuals under a settlement BP agreed last year - a level that could result in a charge against the oil company's profits as early as next year.

Deutsche Bank 's bosses tried to convince skeptical shareholders at a lively annual meeting on Thursday that the bank was on the right track again after facing a host of legal problems.

The Hopi Tribe of northern Arizona claims its investments were mishandled by a national banking institute, resulting in the loss of millions of dollars.

Canada said Thursday that it is considering retaliatory measures against the United States in a dispute over meat-labeling rules that Ottawa and the World Trade Organization consider discriminatory.

After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs Group Inc ( At Goldman's annual meeting on Thursday, Blankfein unveiled details of a three-year review and overhaul of the bank's practices in dealing with clients, following high-profile missteps ... (more)

A group of U.S. retailers including Macy's Inc and Target Corp sued Visa Inc and MasterCard Inc on Thursday, breaking off from a proposed $7.2 billion settlement reached last year over fees to process credit card transactions.

A top European Central Bank official says an agency with powers to restructure and wind down busted banks is "indispensable" to strengthening the continent's banking system against future turmoil.

Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services.

A group of investment firms including Citadel Securities LLC sued the Chicago Board Options Exchange Inc and four other exchanges on Wednesday for improper charges on millions of options trades over a seven-year period.

Morgan Stanley has shaken up its once-powerful fixed-income department, announcing in an internal memo on Wednesday that Kenneth deRegt, the executive in charge of the business, is retiring.