Financial Service News

Major shareholders in Goldman Sachs are reported to have pressed the bank's board to lower the amount it will dole out in pay and bonuses in order to increase returns to investors.

Stocks are set to continue their slide when the market opens Friday as the dollar strengthens further, and after a week of mixed economic reports.

European stock markets rose Friday despite a drop in Asia as investors recouped some of the previous day's hefty losses ahead of a key speech from European Central Bank president Jean-Claude Trichet.

Timothy Geithner, U.S. treasury secretary, testifies at a joint Economic Committee hearing on financial regulatory overhaul in Washington, D.C., U.S., on Thursday, Nov.

In this May 19, 2009 file photo, an office tower known as 1Chase Manhattan Plaza, occupied by JPMorgan Chase & Co., is shown in New York.

Nov. 19 -- Larry Kramer, an adviser to Polaris Venture Partners, talks with Bloomberg's Betty Liu about plans by General Electric Co.

Blackstone Group's Pinnacle Brands Corp is likely to buy U.S. frozen vegetable company Birds Eye Foods for more than $1.3 billion, the Wall Street Journal said, citing people familiar with the matter.

Trade Financial Corp. shares surged late Wednesday after media reports fed speculation that rival online broker TD Ameritrade Holding Corp.

US investment bank JP Morgan Chase today announced a deal to take full control of Cazenove, a 190-year-old London stockbroker with Britain's Queen Elizabeth II among its clients.

The agency that manages Wisconsin's pension fund has tightened its travel policy to discourage employees from taking expensive business-class flights, a practice that had become routine in recent years.

In this Dec. 14, 2007, file photo, a traveler uses a Delta Airlines credit card to buy an airline e-ticket at the Bob Hope Airport in Burbank, Calif.

Nov. 18 -- Larry Kantor, head of research at Barclays Capital Inc., talks with Bloomberg's Betty Liu, Adam Johnson and Jon Erlichman about the outlook for job growth in the U.S. Kantor, speaking from London, also discusses the prospects for a double-dip recession, productiviand the impact of China's growth on the U.S.

American Express today announced its $300 million purchase of Revolution Money , a PayPal competitor backed, among others, by former AOL CEO Steve Case.

Wells Fargo Investments LLC will repay about $1.3 billion to clients whose funds were frozen in the auction-rate securities market in the latest of a series of settlements with state securities regulators, an industry association said on Wednesday.

In this Feb. 11, 2009 file photo, Citigroup Chief Executive Officer Vikram Pandit, right, accompanied by Morgan Stanley Chairman and Chief Executive Officer John Mack, testifies on Capitol Hill in Washington.

In this undated theater publicity image released by Center Theatre Group , Julia Stiles, left, and Bill Pullman are shown in a scene from the Los Angeles production of "Oleanna." The Broadway revival of David Mamet's "Oleanna" is folding after a 97-performance run.

Goldman Sachs Group Inc. is teaming with billionaire investor Warren Buffett to invest $500 million to provide thousands of small business owners across America with college scholarships and boost their access to capital.

Nov. 17 -- William Cohan, author of "House of Cards" and a Bloomberg Television contributing editor, talks with Erik Schatzker and Deirdre Bolton about Bank of America Corp.'s search for a new chief executive officer to replace departing chief Kenneth Lewis.

Lazard Ltd. on Tuesday appointed Kenneth M. Jacobs as CEO and chairman, choosing a longtime executive at the investment advisory firm to fill vacancies from last month's sudden death of Chairman and CEO Bruce Wasserstein.

UBS tax disclosure criteria unveiled to U.S. UBS REUTERS Those who hid more than one million Swiss francs in undeclared bank accounts with UBS could have details turned over to U.S. government Balz Bruppacher Bern, Switzerland - Published on Tuesday, Nov.