Financial Service News

Analysis and Discussion with Frank Holmes of U.S. Global Investors

A Pennsylvania woman has filed a federal lawsuit against a Nevada company over fee disclosure requirements for credit and ATM services to casinos around the country.

The Obama administration wants to give the U.S. Securities and Exchange Commission broad powers to identify and ban compensation practices at investment brokers and advisers that interfere with their fiduciary duties to clients.

It could be time to kiss fixed-rate credit cards goodbye. Two of the biggest issuers in the nation - Bank of America and Chase - say they're switching some fixed-rate cards to variable rates to manage costs in light of the sweeping new reforms to the credit card industry.

The Treasury Department is selling its financial stakes in bailed-out banks for one-third less than they are worth, potentially shorting taxpayers up to $2.7 billion, a bipartisan congressional watchdog said Friday.

Thousands of vendors who do billions of dollars of business with the state of California are scrambling as major banks say they will no longer honor the state's IOUs.

NEW YORK - Regulators on Friday shut Bank of Wyoming, marking the 53rd failure this year of a federally insured bank.

Lancelot Investment Management and its owner have been accused by the U.S. Securities and Exchange Commission of aiding a multibillion dollar Ponzi scheme.

A man has pleaded not guilty to participating in a scheme to access online brokerage accounts to jack up stock prices and reap thousands of dollars in illegal profits.

Shares of CIT Group Inc. were off nearly 30% in morning trading Friday on a report the Federal Deposit Insurance Corp.

Thu Jul 9, 2009 4:45pm EDT - Flags fly outside of the Goldman Sachs headquarters building in the financial district of New York May 8, 2009.

Analysis and Discussion with Pavel Molchanov of Raymond James & Associates

The recipients of billions of dollars in IOUs being issued by California soon may be able to sell them on a regulated market, following action taken Thursday by federal regulators.

The government plans to replace 'sick notes' with 'fit to work' certificates for those who can return to some form of employment Photo: PA AhnLab, a South Korean developer of anti-virus software, had forecast the virus, which hit dozens of US and Korean sites this week, would return at 6pm on Thursday and hit seven domestic sites.

JPMorgan Chase & Co. and Bank of America Corp. are replacing fixed interest rates on some credit cards with variable rates, citing changing costs and new U.S. curbs on pricing.

Citigroup Inc. said Thursday that its former chief financial officer and current chairman of Citi Holdings, Gary Crittenden, is leaving the company as part of the bank's latest shuffling of management.

The U.S. Securities and Exchange Commission is reportedly still examining whether Apple misled investors on Steve Jobs' health, raising questions over how critical Jobs is to Apple's future.

July 8. - Nomura Holdings is seeking an equity license with the Australian Stock Exchange.

After taking multibillion-dollar bailouts from the federal government, some of the nation's biggest banks are declining to lend a hand with a different financial mess: the California budget stalemate.

Financial regulators on Wednesday tapped nine financial firms, including some of the biggest names on Wall Street, to help run a government program aimed at cleaning up the books of the nation's banks.