Financial Service News

Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.

Ocean Bank said Tuesday that Juan del Busto, the former regional executive of The Federal Reserve Bank of Atlanta's Miami branch and current chairman of Del Busto Capital Partners, has joined Ocean Bank's board of directors.

The Community Harvest Food Bank of Northeast Indiana has announced ways that our community can help out with the Oklahoma Tornado relief efforts.

Flash Flood Watch expires at 7:00 PM on 5/21, issued at 9:29 AM Kiamichi Christian Mission, OK A lawyer for a former board member at Goldman Sachs and Procter & Gamble Co., who was convicted on insider trading charges, has told an appeals court that his client deserves a new trial.

PLC said Monday that John Thornton, a director who played a pivotal role in a 2010 power struggle at the bank, will step down this month to spend more time on other business interests.

With the White House already reeling from three major controversies, some Republican lawmakers are zeroing in on what they perceive is another possible scandal tied to President Barack Obama's landmark health reform law just as it nears implementation.

"In the span of an hour they had gotten into the house through the roof and gone through all of our rooms," says CIT Group managing director Kevin Khanna, whose villa was robbed Monday.

Wells Fargo & Co. , JPMorgan Chase & Co. and Citigroup Inc. have nearly halted foreclosure sales after federal regulators revised orders on how the troubled borrowers were to be treated before losing their homes.

A SENIOR manager at Lloyds fears staff who don't take up roles 50 miles away from Southend will lose their redundancy payments.

A large fire that broke out in the hotel Astir in the western port of Patra on Tuesday was brought under control by a unit of 30 firefighters manning 10 fire engines.

From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.

Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network Corp, as pressure mounts on SoftBank to sweeten its offer for the No.

The firm currently has a "buy" rating on the stock. A number of other firms have also recently commented on DFS.

A new searchable Times database shows what individuals from Cape Cod and elsewhere contributed money to the US Senate candidates here in Massachusetts.

A second bank was robbed in the Charlotte area on Monday morning. The Iredell County Sheriff's Office said the Bank Of America on North Main Street in Troutman was robbed by two men around 9:30 a.m. The armed men fled with $5100 in cash in a gray Buick Century that was reported stolen in Charlotte early Monday morning, police say.

The heads of Portugal's biggest banks Millenium BCP and Banco Espirito Santo, have called on European leaders to stop "playing with fire" and alarming depositors in Eurozone economies.

Enterprise Bank & Trust has acquired the operating assets of Gorman & Gorman Home Loans, a division of F&M Bank and Trust Co.

GE Capital Corp's board has approved a plan to pay $6.5 billion in dividends and a further $4.5 billion in special dividends to parent General Electric Co in 2013.

Kate Mann poses with her fourth-grade class at Lafayette Meadows Elementary. Mann was named the Teacher Honor Roll winner for the week.

Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc.