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Financial Service News

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

1 hr ago | Canada.com

Allergan's insider-trading allegations against Valeant and Ackman...

Allergan's lawsuit alleges an insider trading scheme involving activist investor Bill Ackman's Pershing Square, according to court records.

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Related Topix: Allergan, Biotech, AckmanZiff Real Estate Group

6 hrs ago | San Bernardino County Sun

These maps show from where the US and the EU import all their fuel

Using data from the World Trade Organization we created these maps to show which foreign nations supply the United States and European Union with most of their fuel imports.

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Related Topix: World Trade Organization

10 hrs ago | Moray Firth Radio

Lloyds' Libor Fine To Help Armed Forces

Millions of pounds of fines imposed on Lloyds Banking Group for manipulating lending rates will go to military good causes.

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Related Topix: Lloyds TSB Group, US Military, US Marine Corps

11 hrs ago | Myrtle Beach Online

Citi says SEC has closed probe of mortgage bonds

The SEC has filed a series of cases against Citigroup and other big Wall Street banks in recent years over their sales of securities backed by risky mortgages ahead of the 2008 financial crisis.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Home, Mortgage, Personal Finance, Banking, Citigroup, Financial Markets, Business News

14 hrs ago | Tay FM

RBS Warns Over 'Adverse Impact...

Sources say it is but a re-statement of the position set out in the bank's full-year results and annual report.

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Related Topix: Lloyds TSB Group

18 hrs ago | WYFF-TV Greenville

Dow plunges 317 points, now down for year

The best thing we can say about Thursday's stock market trading is that it is now over.

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Related Topix: Federal Reserve Bank of Chicago, Banking, Financial Markets

Thu Jul 31, 2014

West Australian

SEC launched extensive probe to identify sources in Reuters stories

A U.S. Securities and Exchange Commission watchdog conducted an extensive, months-long investigation to find out who had leaked information that appeared in two Reuters stories published last autumn, but it was unable to identify the sources, according to a report of the probe seen by Reuters on Thursday.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Reuters, US Securities and Exchange Commission, Banking, JP Morgan Chase

Sys-Con Media

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund July 2014 Distribution

This press release is issued as required by the Fund's managed distribution plan and an exemptive order received from the U.S. Securities and Exchange Commission.

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Related Topix: US Securities and Exchange Commission, Tax

Tri-cityherald.com

GE spinoff Synchrony flat in stock market debut

The Stamford, Connecticut, company is a spinoff of conglomerate General Electric Co.

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Related Topix: Stamford, CT, General Electric, Aerospace-Defense

Business Journal

Bank of America ordered to pay $1.3B fine in mortgage 'Hustle' case

Bank of America Corp. has been fined $1.3 billion after being found guilty of a Countrywide scheme to sell suspect mortgages to Fannie Mae and Freddie Mac.

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

NewsOK.com

MasterCard 2Q profit rises on volume growth

You now have an easier online way to manage your Home Delivery subscription for The Oklahoman .

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Related Topix: MasterCard, Purchase, NY

Brandon Sun

Part-nationalized Lloyds bank says six-month profits more than halved amid more charges

The part-nationalized Lloyds Banking Group says its six-month net profit more than halved to 699 million pounds after it put aside another 600 million pounds to cover the cost of improperly sold payment protection insurance.

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Related Topix: Lloyds TSB Group

NorthJersey.com

MasterCard second-quarter profit rises on volume growth

MasterCard's second-quarter net income climbed 9.8 percent as it benefited from volume growth and handled more transactions in the period.

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Related Topix: MasterCard, Visa Inc., Purchase, NY

Business Journal

Does RadioShack have enough cash for a turnaround? Here's what Moody's thinks

Moody's Investors Service said Tuesday that RadioShack may not have enough cash to pull off a turnaround.

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Related Topix: RadioShack, Retail, Moodys

Wed Jul 30, 2014

NewsOK.com

Dominion 2Q profit falls 21 percent

Dominion Resources Inc. on Wednesday reported profit that declined by 21 percent in its second quarter, and beat analysts' expectations.

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Related Topix: Banking, Dominion Corp, Dime Community Bancshares, Richmond, VA

Centre Daily Times

U.S. economy grows at scorching 4 percent in 2nd quarter

Offsetting a dismal start to the year, the economy grew at a sizzling rate in the second quarter, powered by what the Bureau of Economic Analysis said were improvements in personal consumption, exports and businesses replenishing their inventories.

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Related Topix: Pnc Financial Services GroupThe, Banking

Sunherald.com

Ratings agency: Argentina in 'selective default'

In this Friday, July 25, 2014 photo, pedestrians walk past a branch of the Industrial and Commercial Bank of China, a target for anti-capitalist agitation ever since a 1927 anarchist bombing of what was then a Bank of Boston, in Buenos Aires, Argentina.

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Related Topix: Independence Community Bank, Banking, Argentina, World News, Financial Markets

Reuters

Bank of America ordered to pay $1.27 bln for Countrywide fraud

U.S. District Judge Jed Rakoff in Manhattan ruled nine months after jurors found Bank of America and former Countrywide executive Rebecca Mairone liable for defrauding government-controlled mortgage companies Fannie Mae , and used her maiden name of Rebecca Steele.

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

Cybercast News Service

No2 Irish bank profitable for 1st time since 2008

Ireland's second-largest bank, Allied Irish Banks, has returned to profit for the first time since a 2008 property crash pushed the nation to the brink of bankruptcy.

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Related Topix: Allied Irish Banks plc

Burnley Citizen

Burnley and Pendle Citizen: Antony Jenkins said the move was "a good idea in principle"

The Bank of England's plans to claw back rule-breaking bankers' bonuses up to seven years after they are awarded are a good idea in principle, the boss of Barclays has said.

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Related Topix: Lancashire County, England, United Kingdom, Lloyds TSB Group

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