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Financial Service News

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

3 hrs ago | 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.


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

5 hrs ago | 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.


Related Topix: Financial Markets, Federated Investors, Investment Services

7 hrs ago | 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.


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

11 hrs ago | 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.


Related Topix: Carlyle Group, Investment Services

15 hrs ago | 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.


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.


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.


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.


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.


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.


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)


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.


Related Topix: Independence Community Bank, Banking, Public Relations

Business Journal

BP to sell San Juan Basin oil and gas assets in New Mexico

International energy giant BP plc is selling its holdings on the southern edge of the San Juan Basin in New Mexico - but the company's assets in Colorado are not part of the offering, according to a company spokesman.


Related Topix: Energy, Oil & Gas, San Juan Basin Royalty Trust, Farmington, NM

Brandon Sun

Scotiabank posts a higher third-quarter net profit and hikes its dividend

Scotiabank is boosting its shareholder dividend by two cents, while reporting a higher third-quarter net income of $2.35 billion.


Related Topix: Bank of Nova Scotia The, Banking

Science Daily

New gluten-free ingredient may cause allergic reaction, expert warns

A popular legume used in other countries is showing up in more U.S. gluten-free products.


Related Topix: Food Science, Australia and New Zealand Banking Group, Kansas State University, Food and Drug Administration

Mon Aug 25, 2014

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

In July, ... )--California Real Estate Regional Center today announced the launch of its strategic relationship with NMS Capital Group, a Beverly Hills based multi-...


Related Topix: Investment Banking, Morgan Stanley European Fund, Morgan Stanley, answerthink, Computers, IT Services, August, CA, Alaska Communications Systems Group, Cable & Satellite, Telecom

Business Journal

Personal loans become million-dollar-a-month business for LendingTree

Doug Lebda is chairman and CEO of Charlotte-based Inc. , the parent of LendingTree and other online leads-generation businesses.


Related Topix: LendingTree,, Tree of Life, Food, Grocery

Silicon Alley Insider

Markets Are Up

This comes after European Central Bank head Mario Draghi said at the Jackson Hole economic conference on Friday that "he was prepared to take action if inflation dropped further, raising expectations of quantitative easing," Reuters says .


Related Topix: European Central Bank, Banking

The Globe and Mail

Ackman's Pershing Square makes $171-million on Burger King wager

Bill Ackman's two-year bet on Burger King Worldwide Inc. is paying off in a big way as the U.S. fast-food chain soared in trading today.


Related Topix: AckmanZiff Real Estate Group, Life, Food, Fast Food


CBS And Gray Television Sign Affiliation Deal Renewing All Gray Stations Nationwide

"Gray has been a key partner for many years, so we are excited to sign this deal, which ensures marketplace continuity for both companies as well as the more than four million CBS households that together we serve nationwide," said , President, Television Networks Distribution, CBS Corporation.


Related Topix: Media, Television, Showtime Networks, Gray Television, Banking, Coastal Bancorp


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