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Financial Service News

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

3 hrs ago | Daily Herald

European central banks to blast cash into economy

With Europe sliding toward recession, the region's two main central banks are preparing to redouble their emergency measures aimed at softening the downturn and blunting the effects of the government debt crisis.

Comment?

Related Topix: Banking, World News, European Central Bank, Germany, Financial Markets

7 hrs ago | Reuters

SEC weighs two money market fund proposals

The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.

Comment?

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

Tue Feb 07, 2012

WTAQ-AM Green Bay

Analysis: Banks largely reserved for U.S. m...

As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.

Comment?

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

KLKN

TD Ameritrade pays $1.5M for breaking postal rules

A unit of online brokerage TD Ameritrade will pay $1.5 million to resolve concerns that it violated postal rules and received discounts the company wasn't entitled to.

Comment?

Related Topix: TD Ameritrade, Ameritrade Holding, Investment Services

KBOI-AM Boise

Goldman Sachs CEO, Executives to Get Smaller Bonuses This Year

Goldman Sachs CEO Lloyd Blankfein's bonus will be cut to $7 million this year from $12.6 million the year before, according to Equilar, an executive compensation data firm.

Comment?

Related Topix: Goldman Sachs, Investment Services, Bank of America, Banking

The State

UBS Q4 profit hit by fallout from trading scandal

Switzerland's biggest bank, UBS AG, saw its profits slide by 76 percent in the fourth quarter, in a further sign that a $2 billion trading scandal last year has dented business at a time of economic weakness in Europe and abroad.

Comment?

Related Topix: Ubs Ag, Banking

WPBF

Stocks Pressured By Greek Bailout Uncertainty

U.S. stocks were little changed Tuesday, as investors wait for Greek leaders to agree on the terms of a new bailout package, a key step to avoiding a default.

Comment?

Related Topix: Financial Markets, Banking, European Central Bank, Salem, MA, Ben Bernanke

The Washington Post

Swiss central bank vice chairman sees economy slowing 'considerably' in 2012

The vice president of the Swiss National Bank says Switzerland's economy is expected to "slow considerably" despite the Swiss franc falling back against the euro.

Comment?

Related Topix: Swiss National Bank, Banking, Science / Technology

The Huffington Post

BofA Investor Lawsuit Wins Class-Action Status

Shareholders suing Bank of America Corp on Monday won class-action status for their lawsuit accusing the bank and various executives and directors of fraudulently misleading them about the 2008 takeover of Merrill Lynch & Co and size of Merrill's losses and bonus payouts.

Comment?

Related Topix: Bank of America, Banking, Merrill Lynch and Co, Investment Services

Mon Feb 06, 2012

The Daily Townsman

Resolute Forest Products buys Boralex co-generation plant in Dolbeau, Que.

Boralex permanently closed the facility and announced plans in November to sell the co-generation operation which produced electricity that was sold to Hydro-Quebec from wood waste and steam used in the paper making process.

Comment?

Related Topix: Banco Latinoamericano de Exportaciones SA, Canada, World News

The Japan News .Net

Tigers attack tourist bus in China

A group of 27 visitors to a Chinese zoo had the shock of their life when their bus was attacked by enraged Bengal tigers.

Comment?

Related Topix: World News, China, Asia, Banking, Citigroup

EDGE

HRC Honors Goldman Sachs & Names CEO to Be Its Marriage Spokesperson as Activists Howl

The country's largest LGBT rights organization has announced that Goldman Sachs' CEO would be the group's first national corporate spokesman for gay marriage.

1 comment

Related Topix: Goldman Sachs, Investment Services, Activism, Gay/Lesbian, Publishing, Media, New Times, Occupy Wall Street, Public Relations

Daily Record

California, New York considering foreclosure-abuse deal

California and New York were considering Monday whether to join most other states in backing a long-awaited settlement with banks over foreclosure abuses.

Comment?

Related Topix: Foreclosures, Criminal Defense Law, Law, Banking, Citigroup, Home, Mortgage, Personal Finance

Rome News

Wall Street opens lower as Greek talks drag on

Stocks are edging lower in early trading Monday as talks dragged on between Greek political leaders over a fresh austerity package required for the country to get more bailout loans.

Comment?

Related Topix: Financial Markets, Computers, Coinstar

News & Record

Banks quietly raise fees, sell products to create revenue

Three months after banks scrapped plans for debit card fees, it's becoming clearer how they intend to recoup money lost in the Dodd-Frank financial reform law.

Comment?

Related Topix: Banking, Bank of America, Wells Fargo , US Politics, US News, US Senate, Richard Durbin, Democrat, Barack Obama, Suntrust Banks

News Observer

Verizon to set up streaming service with Redbox

Challenging Netflix, phone company Verizon Communications Inc. says it will start a video streaming service later this year in cooperation with Redbox and its DVD rental kiosks.

Comment?

Related Topix: Verizon Communications, Telecom, IT Services, Verizon, Computers, Coinstar, Cable & Satellite, Comcast

Reuters

Stock index futures signal lower Wall Street open

Stock index futures pointed to a lower open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.2 to 0.5 percent.

Comment?

Related Topix: Banking, Federal Reserve Bank of St Louis

Sun Feb 05, 2012

Ft. Meade Leader

No. 2 Greek party opposes austerity demands

IMF chief debt inspector Poul Thomsen member of the so-called troika of Greece's creditors _ the European Union, the European Central Bank and the International Monetary Fund _ leaves the prime minister's official residence after meeting with Greece's Prime Minister Lucas Papademos in Athens, Greece on Sunday, Feb.

Comment?

Related Topix: Banking, European Central Bank, Greece, World News

WTVR Richmond

Merger fails, but D.Boerse CEO says allies a must

D.Boerse CEO eyes new allies as NYSE deal crumbles Deutsche Boerse does not believe it can survive in the long term without a new partner despite the collapse of its proposed $7.4 billion merger with NYSE Euronext , its chief executive told a German newspaper.

Comment?

Related Topix: Banking, Deutsche Bank AG, Deutsche Telekom AG, Telecom, NYX, Inc, Manufacturing, Automakers

KPIC

Swiss banks to outline steps in U.S. tax evasion row

Two Swiss banks will this week outline their response to growing pressure from the U.S. to give up tax-evading American customers and the bankers who helped them.

Comment?

Related Topix: Ubs Ag, Banking

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