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Finance Research News - September, 2007















HOME :: RESEARCH :: FINANCE :: NEWS :: ARCHIVE

Credit Research News - September, 2007



Starting young

Investment firms court next generation as boomers retire



WHO: Anne-Marie St. Germaine

Amy Colton joined Current Lifestyle Marketing as senior vice president. The agency is part of The Interpublic Group of Cos.'



Frost & Sullivan: Adoption of Telecom/IT Solutions to Remain High in North American Finance

The outlook for technology spending in the North American financial services sector is positive, driven by strong revenue growth and a recognition



Telelogic Signs 1.5 MUSD Contract with a Leading North American Financial Services Institution

Telelogic (STO:TLOG), today announced that it has signed a license, maintenance and services contract worth 1.5 MUSD



AA Financial Services introduces new savings account

AA Financial Services has launched a new internet savings account, the AA Internet Access Account.



Free online financial services redefined

I see a lot of new applications each week. Most of them I dismiss as uninteresting or not very innovative.



Discover Financial Services Recognized for Information Technology Innovation

For the second straight year, Discover Financial Services ranks among the top half of U.S. companies on the distinguished InformationWeek 500 list



Multiple factors drive financial services industry developments

Software development company Dariel Solutions says that three factors are driving developments in the financial services industry



TNS provides ATM, host connectivity to Co-Op

Transaction Network Services has been selected to provide ATM and host connectivity managed network services to Co-Op Financial Services



Women struggle to make their mark in financial services

Forbes magazine listed the world’s most influential women in its latest issue. The accompanying editorial was predictably gung-ho with assurances



Calpine Receives California Energy Commission Approval to Construct 600MW Russell City Energy Center

Calpine Corporation received final approval today from the California Energy Commission (CEC) to construct the 600-megawatt Russell City Energy Center in Hayward



Discover Financial Services "overweight," estimates raised

Analyst Bruce W Harting of Lehman Brothers maintains his "overweight" rating on Discover Financial Services



Mayer Brown Announces Formation of Financial Services Regulatory and Enforcement Group

Mayer Brown LLP is pleased to announce the formation of its Financial Services Regulatory and Enforcement Group



Elan Financial Services Launches Credit Card Program

Tennessee-based Citizens Bank of Blount County, a full-service financial institution with more than $301 million in assets



Wolters Kluwer Financial Services Launches Mortgage Fraud Prevention Program

Wolters Kluwer Financial Services, through its PCi line of compliance analytics solutions, announced today a new mortgage fraud prevention



US Financial Services Industry Must Retool for Retirement Boom

The financial services industry in the U.S. is not keeping up with the changing needs of the 76 million people approaching retirement.



Discover Financial Services Q3 Profit Declines 16% - Update

Tuesday morning, Discover Financial Services LLC (DFS) reported a 16% decline in net income for the third quarter on a wider loss



NASA Awards Financial Services Contract

NASA has selected Powertek Corporation of Fairfax, Va., to provide financial support services at NASA's Ames Research Center



Discover Financial Services (DFS) NewsBite -Discover Sets Agreement with Wells Fargo

Discover Financial Services (DFS) opened at 22.70. So far today, the stock has hit a low of 22.40 and a high of 23.48.



First Command Selects Kaplan Financial for Licensing and Registration Services

Kaplan Financial, a leading provider of education and compliance solutions to the insurance and financial services regulatory markets



Digital Defense, Harland agree to jointly market financial services

Digital Defense Inc. formed a new strategic alliance with Harland Financial Solutions Inc. to jointly market the company's electronic banking system



As retirement plan advisers increase in number, independent broker are building their services

Advisers who specialize in retirement plans, and can address fiduciary concerns and consult on plan design, are in high demand in today’s environment



How to chart the correct career course

It’s hard to get on the right career path if you don’t even have a clue which direction to head in.



Financial services may be good field to put communications skills to use

I am 35 and I've been in real estate for 10 years. The last four years have been incredibly profitable for me



The Principal Financial Group Receives Perfect Rating on Corporate Equality Index

The Principal Financial Group® scored 100 percent on the 2007 Corporate Equality Index. This annual measure by the Human Rights Campaign rates employers



Fidelity National Info Services Closes Property Insight Sale

Fidelity National Information Services Inc. (FIS) completed the sale of its Property Insight unit to Fidelity National Financial Inc.



US financial services sector gears up for pandemic planning exercise

From September 24 through October 12, the US Financial Banking Information Infrastructure Committee (FBIIC) and the Financial Services Sector Coordinating Council



Bernanke Says Financial System Remains Strong Despite Turmoil

The financial system remains in a "relatively strong position," despite the recent turbulence in financial markets



US's McCormick: China Should Embrace Foreign Financial Services

David McCormick, the U.S. Treasury Department's top international policy adviser, urged China to open its financial services market



GMAC Financial Services Voted 'Captive Finance Company of the Year'

For the second straight year, automotive dealers voted GMAC Financial Services as "Captive Finance Company of the Year"



Barry Sloane, CEO of Newtek Business Services, Inc., to Present At the Maxim Group Growth Conference

Newtek Business Services, Inc. (Nasdaq:NEWT) (www.newtekbusinessservices.com), a provider of business services and financial products



Columbia Bancorp to Present at RBC Capital Financial Institutions Conference

Columbia Bancorp today announced plans to participate at the RBC Capital Financial Services Conference to be held at the Harbor View Hotel



A D S Financial Services Solutions Appoints Andrew Derry Vice President, Business Development & Sale

A D S Financial Services Solutions (ADS), an IT strategy consulting and systems integration firm, announced today that Andrew Derry



Higher One Presented at Piper Jaffray's Financial Services Private Equity Conference

Higher One, a technology-driven financial services company serving higher education, announced that Mark Volchek



Nationwide Financial Services Agrees To Sell Certain US Fund Management Businesses To Aberdeen Asset

Nationwide Financial Services, Inc. (NFS | charts | news | PowerRating) on Tuesday revealed an agreement to sell its active asset



Wholesale Prices Fall Sharply On Steep Drop In Energy Prices

Wholesale prices fell sharply in the month of August, according to a report released by the Department of Labor on Tuesday



StrikeIron Continues to Expand Web Services Marketplace by Adding New Financial Data Services

On-Demand Integration of Financial News and Historical Stock Options Data Available for Rapid Deployment into Web Sites and Business Applications



The PMI Group, Inc. at Lehman Brothers 5th Annual Financial Services Conference - Final

UNIDENTIFIED PARTICIPANT: As the sole representative of the mortgage insurance industry at our conference



Financial Services Industry Veteran William P. Henson Joins XShares Group as Chief Executive Officer

XShares Group, LLC, a New York-based investment advisory firm focused on introducing innovative exchange-traded funds (ETFs)



VA to move financial-services center to e-invoices

For help with moving from paper to electronic invoicing, the Veterans Affairs Department Financial Services Center awarded a contract to A&T Systems and OB10.



Ellsworth celebrates new Financial Services Center

ELLSWORTH AIR FORCE BASE - The dream is now a reality, U.S. Air Force Secretary Michael Wynne said



Kroger Expands Personal Finance Business

Weekend grocery shopping list: — Milk, on sale at four half-gallons for $5._ Cookies, two packages-for-one at $3.99.



Finding gem in financial rubble

The strong survive. That's the logic behind investing in financial-services stocks whose prices have been battered in the subprime mortgage mess.



Air Force cuts ribbon on financial services center

The grand opening of the Air Force Financial Services Center on Friday morning kicked off the biggest transformation the financial management side



Milk and Mortgages

Kroger expands personal finance business to drive traffic



Some key points to consider when investing in real estate

Real estate has its market cycles like any type of investment, and lately it has been getting bad press.



Zacks Buy List Highlights: Hallmark Financial Services, United Technologies Corporation

Zacks.com releases the latest list of Zacks Rank Buy Stocks. Everyday on Zacks.com, four stocks are selected based on how well they match the criteria



Boston Financial Appoints Jude Metcalfe to Head Retirement Services

Boston Financial Data Services, Inc., a leading financial services outsourcing provider, is pleased to announce the appointment of Jude Metcalfe



Postilion Roadshow and Payments Summit Speakers to Discuss Top Financial Services and Payments Issue

Postilion, a leader in software solutions for self-service banking and payments and a division of S1 Corporation



Financial services firm expands into Loudoun County

The Washington Group of the Northwestern Mutual Financial Network has opened an office in Leesburg to capitalize on the expanding population in Loudoun County.



MoneyGram Announces Agreement to Acquire PropertyBridge

Acquisition of Leading Multifamily Industry Payments Processor Extends MoneyGram's Capabilities in Key Real Estate Sector



Nationwide Financial Services, Inc. at Keefe, Bruyette & Woods, Inc. Insurance Conference

JEFF SCHUMAN, ANALYST, KBW: Moving along, good morning. I am Jeff Schuman.



The rules of the game

Regulation is an important component of a financial centre's success



TEXT-S&P release on Regency Gas Services LP

Standard & Poor's Ratings Services today raised its corporate credit rating on Regency Gas Services LP to 'BB-' from 'B+'.



National Financial Shares Jump on Deal

Shares of National Financial Partners Corp. jumped Wednesday after the insurance brokerage bought a disability insurer



BMW Group Financial Services Donates Customized BMW X3 to Police Department K-9 Unit in Hilliard

The Police Department K-9 Unit in Hilliard, Ohio will fight crime in a brand new patrol vehicle -- a customized 2007 BMW X3



Penn State recognizes Junker, PNC Financial Services Group for philanthropic leadership

Penn State has recognized University alumnus and Board of Trustees member Edward P. "Ted" Junker III and The PNC Financial Services Group



Wachovia Securities Financial Network Provides Valuations, Succession Planning Services to Top

Wachovia Securities Financial Network (WSFN), will provide comprehensive practice valuations (a 60+ page analysis of the firms) to the top 20%



The First American Corporation to Present at Lehman Brothers 2007 Financial Services Conference

The First American Corporation , America's largest provider of business information, announced today that Parker S. Kennedy



Mercantile Bancorp Completes Acquisition of HNB Financial Services, Inc.

Mercantile Bancorp, Inc. today announced it closed the acquisition of HNB Financial Services, Inc., a privately held bank holding company



Michael A. Betts, Seasoned Financial Services Executive, Joins CIC Board of Directors

Communication Intelligence Corporation ("CIC"), a leading supplier of electronic signature solutions for business process automation



Financial-Services Woes Could Snare Tech Firms

SO MAYBE TECHNOLOGY INVESTORS do need to worry about the trouble in the financial sector, at least a little bit.



Carlyle beefs up financial services team

Carlyle is gearing up for a round of dealmaking in the financial services industry by hiring one former US Treasury official



Frank checks tongue as he wields power

The press release would announce a hearing on the US mortgage crisis, and Representative Barney Frank



First Marblehead to Present at Lehman Brothers Financial Services Conference

The First Marblehead Corporation (NYSE: FMD) announced today that Jack L. Kopnisky, Chief Executive Officer, President



SunTrust to Present at Lehman Brothers Financial Services Conference

SunTrust Banks, Inc. will present at the Lehman Brothers Financial Services Conference in New York on Tuesday, September 11, 2007



FBR Capital Markets to Speak at the Lehman Brothers Financial Services Conference

FBR Capital Markets Corporation (FBR Capital Markets) announced today that Eric F. Billings, Chairman and CEO



GE Healthcare Financial Services Closes $320 Million Deal with Saint Vincent Catholic Medical Center

GE Healthcare Financial Services has provided a $320 million senior secured credit facility to Saint Vincent Catholic Medical Centers of New York



IT: An Important Part of Financial Services

John Swainson, president and Chief Executive Officer (CEO) of Computer Associates (CA), has asserted the importance of IT in today's enterprises



Indymac To Present at Lehman Brothers Financial Services Conference

IndyMac Bank, F.S.B. (“Indymac Bank®” or “Indymac®”), the principal subsidiary of IndyMac Bancorp, Inc. (NYSE:IMB), today announced that it will present on Tuesday, September 11, 2007 at the Lehman Brothers Financial Services



First Midwest to Participate in Lehman Brothers 2007 Financial Services Conference

First Midwest Bancorp, Inc. (NASDAQ: FMBI) today announced that it will be participating in the Lehman Brothers 2007



Unitrin to sell its business-insurance unit to AmTrust Financial Services

Unitrin Inc. said it tentatively agreed to sell its Unitrin Business Insurance segment to New York-based AmTrust Financial Services



Central Pacific Financial Corp. to Present at the Lehman Brothers Financial Services Conference

Central Pacific Financial Corp. , parent company of Central Pacific Bank, announced that President and Chief Executive Officer Clint Arnoldus



Indiabulls Financial Services rated 'P1+' on healthy earnings profile - Crisil

Indian rating agency Crisil, a division of Standard & Poor's (NYSE:MHP) , said its 'P1+' rating on Indiabulls Financial Services Ltd's (IBFSL's)



Bibby Financial Services Acquire Comresco LLC

Bibby Financial Services has expanded its U.S. business with the acquisition of Comresco, LLC.



Wachovia CEO to Present at Lehman Brothers Financial Services Conference

Wachovia CEO Ken Thompson will present on Monday, Sept. 10, at the Lehman Brothers Financial Services Conference.



PSCU Financial Services COO had JPMorgan Chase tenure

PSCU Financial Services' new chief operating officer will be based in its Phoenix contact center.



Fidelity National Financial Expands Its Multicultural Marketing Program in the Pacific Northwest

Fidelity National Title Group, Inc. , one of the nation's largest title insurance companies through its title insurance underwriters



Financial Services Authority Declares Device ID Best Practice for Preventing Online Financial Crime

The 41st Parameter Continues Lead in Use of Device ID For Detecting Fraud



Waddell & Reed to Present at Lehman's Financial Services Conference

Waddell & Reed Financial, Inc. Chief Executive Officer, Henry J. Herrmann, will present at Lehman Brothers' 2007 Financial Services Conference



PMI Insurance rated 'AA', outlook stable - S&P

Standard & Poor's Ratings Services said it assigned an 'AA' financial strength rating with a stable outlook to PMI Group Inc's


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