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Financial Service News

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

58 min ago | Lexington Herald-Leader

McCarthy is new CFO of Miss. Development Authority

McCarthy is returning to the agency after serving for five years as vice president of public finance for Stephens Inc., a privately held, independent financial services firm.


Related Topix: Stephens, Investment Banking

5 hrs ago | Inside Bay Area

Open space tax placed on November Silicon Valley ballot

Saying more funding is needed to save wild areas in Silicon Valley amid steady development pressure, the board of the Santa Clara County Open Space Authority has placed a parcel tax on the November ballot.


Related Topix: Banking, Silicon Valley Bancshares, Santa Clara County, CA

9 hrs ago | Arkansas Online

Net path upsurge thwarts wiretaps

WASHINGTON -- Federal law enforcement and intelligence authorities said they are increasingly struggling to conduct court-ordered wiretaps on suspects because of a surge in chat services, instant-messaging and other online communications that lack the technical means to be intercepted.


Related Topix: Washington Federal, Banking

Fri Jul 25, 2014

Lake City parent's quarterly earnings up 22%

Lakeland Financial Corp. today reported record second-quarter earnings of $11.3 million, or 68 cents per diluted common share, a 22 percent increase from the $9.2 million, or 56 cents a share, posted for the same three months of 2013.


Related Topix: Banking, Lakeland Financial, Warsaw, IN

News Observer

UPS driver charged with stealing dozens of guns

Curtis Hays, 36, of Rancho Cucamonga, was taken into custody on a federal indictment filed Wednesday in federal court in Riverside.


Related Topix: Rancho Cucamonga, CA, Riverside, Riverside (Riverside, CA), Investment Services

Central High principal promoted to Guard commander

Courtesy of the Alabama National Guard Brig. Gen. Charles Gable, right, the Alabama National Guard's assistant adjutant general, passes the 226th Maneuver Enhancement Brigade flag to Col.


Related Topix: US National Guard, US Military, Alabama National BanCorporation, Banking, Phenix City, AL, Mobile, AL, Education Etc.

The Globe and Mail

Scotiabank settles class action on overtime pay

Bank of Nova Scotia has reached a tentative settlement in a long-standing class action lawsuit launched by current and former employees who argue they are owed years of overtime pay.


Related Topix: Banking, Bank of Nova Scotia The, Home, Mortgage, Personal Finance

Lexington Herald-Leader

Moody's 2Q profit up, lifts 2014 revenue outlook

The credit ratings agency's performance beat Wall Street's expectations, and the company raised its full-year revenue forecast.


Related Topix: Moodys

Battle Creek Enquirer

Strangers help student stay in college after mom's death

In desperation, the 19-year-old turned to strangers online - and within a week, she had nearly $50,000 in donations to help finish her biomedical engineering degree.


Related Topix: US Securities and Exchange Commission

MSN Money

Cynk suspension ending; shares unlikely to trade

A trading suspension in the stock of little-known Cynk Technology, which mysteriously surged 20,000 percent before the halt, ends late on Thursday, but do not expect to see the stock trading again on Friday.


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

Thu Jul 24, 2014

Brandon Sun

Settlement reached in Scotiabank overtime case involving retail branch workers

Scotiabank has agreed to settle an overtime class action lawsuit involving some of its retail branch bank employees.


Related Topix: Bank of Nova Scotia The, Banking

Cybercast News Service

Bankrupt Energy Future to auction stake in Oncor

Bankrupt power giant Energy Future Holdings terminated its restructuring agreement and announced plans to auction its stake in the profitable power transmission business Oncor Electric Delivery Co., according to a filing Thursday with the U.S. Securities and Exchange Commission.


Related Topix: Economics News, Bankruptcy, Energy, US Securities and Exchange Commission, TXU, Hunt Consolidated, Oil & Gas

News Observer

Morgan Stanley paying $275M to settle SEC charges

The Securities and Exchange Commission announced the settlement Thursday with the Wall Street bank.


Related Topix: Stanley, Securities and Exchange Commission, Corporate / Securities Law, Law, Investment Banking, Morgan Stanley European Fund, Morgan Stanley, Mortgage, Personal Finance


Republican lawmaker to grill U.S. SEC over Ackman tactics

A U.S. lawmaker will pressure the U.S. Securities and Exchange Commission on Thursday to consider a raft of reforms, after William Ackman's aggressive efforts to take over Allergan Inc raised concerns about loose rules governing disclosure and shareholder voting.


Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, US Politics, US News, Edward Royce, Republican, US House of Representatives, US Securities and Exchange Commission, Allergan, Biotech

The News Tribune

Fraud investigators quiz top Portuguese banker

The office said in a statement Thursday that Ricardo Salgado, who stood down earlier this month as chief executive of troubled Banco Espirito Santo, would appear before an investigating magistrate.


Related Topix: Brazil, Espirito Santo Financial Group SA, World News

European Central Bank in database security breach

The Frankfurt-based central bank for the 18 nations that share the euro said Thursday the security breach involved a database serving part of the website that gathers registrations for ECB events.


Related Topix: European Central Bank, Banking

Wed Jul 23, 2014

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

The report is available at ''. Additional information is available at 'www.fitc... )--McDermott International, Inc. announced today that it plans to issue a press release regarding its financial results for the sec... rEVO Biologics, Inc. Announces Enrollment of First Patient in Phase 3 Trial of ATryn to Treat Early Onset ... (more)


Related Topix: Swisscom AG, Telecom, Cash America International, Cardiovascular Systems, Healthcare Industry, Banking, Bank of Nova Scotia The, American Water Works Company, Water Utilities, Securities and Exchange Commission, Corporate / Securities Law, Law


UPDATE 3-Ex-Jefferies trader gets 2 years in prison in fraud case

A former Jefferies Group Inc managing director convicted of defrauding investors who traded mortgage bonds through a government program established after the 2008 financial crisis was sentenced on Wednesday to two years in prison.


Related Topix: Investment Banking, Jefferies Group, Investment Services, Prison, Financial Markets, New Haven, CT

Could plan to offer financial services save Postal Service?

Offering basic financial services through the post office isn't a new business model.


Related Topix: US Politics, US News, Senator Elizabeth Warren, US Senate

US officials, lawmakers clash over Iraq policy

Testifying before the House Foreign Affairs Committee, the State Department's Brett McGurk and Defense Department's Elissa Slotkin said the administration was focused on improving U.S. intelligence, securing American personnel and property, guiding Iraq toward a new, more inclusive government and helping its forces strike back against the al-Qaida ... (more)


Related Topix: Iraq, World News, Middle East, US News, Royce Value Trust, US Politics, Republican, US House of Representatives, Dana Rohrabacher,


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