Latest news on ‘Financial Services’
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Scotiabank Announces Dividend on Common Shares
Scotiabank today declared a dividend on the outstanding shares of the Bank for the quarter ending October 31, 2010, as follows, payable on October 27, 2010 to shareholders of record [...]
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New credit card rules will help consumers better manage debt
Monday, Baylor University’s bookstore was filled with students as many headed to their first class of the semester.
Many students were using credit cards to pay for their books. A new [...] -
HSBC in talks for $6.8B majority stake in Nedbank
LONDON (AP) — British bank HSBC Holdings PLC said Monday it is in talks with financial group Old Mutual PLC to buy a controlling stake in Nedbank Group Ltd. of [...]
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Bank of America Said to Consider Selling Stake in BlackRock
Bank of America Corp. is considering reducing a 34 percent stake in BlackRock Inc., the world’s largest asset manager, a person briefed on the matter said.
The bank, which acquired the [...] -
AIG to sell 80% of American General Finance to Fortress
SAN FRANCISCO (MarketWatch) – American International Group said Wednesday that it’s selling most of its consumer-loan business American General Finance, the latest effort by the insurer to raise money to [...]
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Banks Down As Investors Digest JP Morgan 2Q, Worry About Economy
NEW YORK (Dow Jones)–Banking shares were under pressure Thursday as investors closely examined J.P. Morgan Chase & Co.’s (JPM) quarterly earnings for any cracks in the positive headlines, and as [...]
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FHFA issues subpoenas over Fannie Mae, Freddie Mac mortgages Read more: FHFA issues subpoenas over Fannie Mae, Freddie Mac mortgages – Washington Business Journal
he Federal Housing Finance Authority, which oversees Fannie Mae and Freddie Mac, has issued 64 subpoenas to various entities, seeking documents related to private-label mortgage-backed securities in which both Fannie [...]
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Visa, MasterCard rise on swipe-fee regulation pact
SAN FRANCISCO (MarketWatch) – Visa Inc. and MasterCard Inc. shares climbed Monday as U.S. politicians reached an agreement on the regulation of interchange, or “swipe,” fees on credit and debit [...]
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Fannie, Freddie Plunge After Moving to Delist Shares
(Bloomberg) — Fannie Mae and Freddie Mac, the mortgage firms 80 percent owned by U.S. taxpayers, plunged after regulators told them to delist their common and preferred stock from the [...]
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Lincoln National To Raise $1 Billion, Exit TARP
NEW YORK—Lincoln National Corp., one of three insurers to get bailed out by the U.S. government, said it will repay the funds through a planned sale of more than $1 [...]
