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Finance Research News - April, 2008















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

Credit Research News - April, 2008



Frontier Financial Corporation to Participate in D.A. Davidson Tenth Annual Financial Services

Frontier Financial Corporation (NASDAQ: FTBK) reported today that it would be participating in the D.A. Davidson Tenth Annual Financial Services Conference



PremierWest Bancorp to Present at D.A. Davidson & Co. Financial Services Conference

PremierWest Bancorp (Nasdaq: PRWT) announced today that its Executive Management Team will be presenting at the 10th Annual D.A. Davidson & Co. Financial Services



Siemens Financial Services Inc. has Acquired 25% Stake in the $350M Advanced Power CCGT Plant

Siemens Financial Services, Inc. (SFS Inc.) the U.S. financing unit of Siemens AG has acquired 25% of the Brockton Clean Energy Project



Countrywide Swings to $893 Million Loss

Countrywide Financial(CFC - Cramer's Take - Stockpickr) reported a first-quarter loss far beyond Wall Street's worst expectations on Tuesday



MasterCard Comes Up Aces With Profit Beat

MasterCard(MA - Cramer's Take - Stockpickr) on Tuesday blew past Wall Street's profit expectations, fueled by strong international growth



Compass Diversified Holdings to Participate in the SunTrust Robinson Humphrey Financial Services

Compass Diversified Holdings (Nasdaq GS: CODI) announced today that Jim Bottiglieri, Chief Financial Officer, and David Swanson



COMPANIESSS&G Financial Services...

SS&G Financial Services Inc. was named one of the Best Employers in Ohio by the Ohio Chamber of Commerce in partnership with the Society for Human Resource Management.



Bibby Financial Services Announces Referral Affiliation with Liquid Capital Corp

Bibby Financial Services (BFS) and Liquid Capital Corp (LCC) have entered into a mutual referral affiliation to increase service selections



Phillip Wasserman and Phillip Roy Financial Services Announce New Television Programs on Annuities

Phillip Wasserman, one of the top experts on annuities and life insurance, and president of Phillip Roy Financial Services,



Rose Financial Services Finalizes Partnership With Deltek

Rose Financial Services® (RFS), the premier U.S. based accounting and financial outsourcing firm, announced today that it has become a partner with Deltek Inc.



House Financial Services Committee Members Call on Congress to Prevent Implementation of Gambling

The Chairman of the House Committee on Financial Services and other leading committee members are seeking broad support for



Raleigh-Based Business Financial Services Raises $9M

Business Financial Services, which provides up to $300,000 in cash advances to businesses, has raised $9 million in funding from Edison Venture Fund.



GMAC Financial Services Schedules Release of 2008 First Quarter Financial Results

GMAC Financial Services has scheduled the release of its 2008 first quarter financial results for Tuesday, April 29



Provident Financial Services, Inc. Announces Quarterly Earnings and Declares Quarterly Cash Dividen

Provident Financial Services, Inc. (the "Company") reported basic and diluted earnings per share of $0.19 and net income of $10.7 million



Tom James: "plague" infects financial services industry

Net income for the second quarter of the fiscal year at Raymond James Financial Inc. was flat compared to the prior year.



Convergys Signs Relationship Management Agreements with Two Leading Financial Services Companies

Convergys Corporation has signed contract renewals and expansions with two leading financial services companies with a combined value



CME Group Misses Top, Bottom Line

Exchange operator CME Group(CME - Cramer's Take - Stockpickr) missed Wall Street's expectations Tuesday



Financial Services Industry Growing in Adoption of eSignatures

DocuSign, the leading Web-based electronic signature service, today announced that it has been selected as an approved electronic signature



Eagle Financial Services, Inc. Announces First Quarter Results and Quarterly Dividend

Eagle Financial Services, Inc. (OTC BULLETIN BOARD: EFSI), the holding company for Bank of Clarke County, whose divisions include Eagle Investment Group



The Bunker Joins CRYPTOCard to Launch Secure Security Service to Financial Services Market

The Bunker Joins CRYPTOCard to Launch Secure Security Service to Financial Services Market



Jefferies Sells Stake After Miss

Jefferies Group(JEF - Cramer's Take - Stockpickr) on Monday sold a nearly 14% stake of the regional brokerage to Leucadia National



The PNC Financial Services Group, Inc. and PNC Bank Settle Landmark Patent Infringement Litigation

DataTreasury Corporation, a Texas technology company, announced today that it had settled a patent infringement lawsuit brought against The PNC Financial Services Group



Wheels Come Off ADS, Blackstone Deal

The proposed marriage of private equity firm Blackstone (BX - Cramer's Take - Stockpickr) and credit card services provider Alliance Data Systems



UMB Fund Services Bolsters Transfer Agency Staff

UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), is pleased to announce the recent appointment of Dave E. Weber as vice president



Hallmark Financial Services Plans Stock Buyback Program

Fort Worth, Texas-based Hallmark Financial Services Inc. plans to repurchase up to one million shares of the company's common stock in its first ever stock buyback program.



G2 Direct & Digital Names Nancy Grebey Director of Financial Services Practice

G2 Direct & Digital, a leading direct and digital agency, and part of the G2 global network of companies, has appointed Nancy Grebey



E-Trade Financial's 'B' long-term CCR still on negative watch on Q1 loss - S&P

Standard & Poor's (NYSE:MHP) Ratings Services said its 'B' long-term counterparty credit rating (CCR) on E-Trade Financial (NASDAQ:ETFC) Corp.



Harper joins Legends Financial Services

Billy Atkins, president and CEO of Legends Bank, announces that David Harper has become Legends Financial Services' newest financial advisor.



President and CEO of Auto Net Financial Services Turns Company in New Direction

President and CEO of Auto Net Financial Services makes a few changes after he came back from a two year hiatus. Not liking the direction that his company was taking, he got rid of all upper management.



When the Focus Is Expansion, Not Subprime Worries

AS the news of late in the financial services industry has illustrated, longevity is not always a guarantee of viability.



Financial CEOs See Recession on the Way

Chief executive officers in the financial-services industry think the economy is in or will soon be in a recession



Hallmark Financial Services to repurchase 1 million shares

Hallmark Financial Services OKs repurchase of up to 1 million shares in first-ever buyback



E*Trade Financial(ETFC - Cramer's Take - Stockpickr) on late Thursday posted a larger-than-expected

PNC Financial Services Group Inc. reported first quarter net income of $377 million, or $1.09 in diluted earnings per share



Harper joins Legends Financial Services

Billy Atkins, president and CEO of Legends Bank, announces that David Harper has become Legends Financial Services’ newest financial advisor.



Stocks To Watch For Friday

Among the companies whose shares are expected to see active trade in Friday's session are Citigroup, Caterpillar, Honeywell and Xerox.



Services, software sales lead IBM earnings growth

IBM Corp. on Wednesday reported a first-quarter profit that rose 26% from a year ago as the technology giant recorded strong sales in its global services division and across all its major geographic areas.



Arbitration Claims Against UBS Financial Services Seek Monetary Recovery, Berman DeValerio Announces

An investor lost nearly $1.3 million when UBS Financial Services, Inc., a subsidiary of UBS AG (NYSE: UBS)



U.S. Financial Services Professionals' Bonus Outlook and Job Confidence Deteriorates

A recent survey by eFinancialCareers, the leading network of career sites for financial services professionals and the firms seeking to employ them



PNC Financial Services Group Inc. said it will eliminate 350 to 400 jobs at Sterling Financial Corp.

The cuts will take effect by August in an effort to remove Sterling workers who duplicate tasks performed by PNC employees



Schwab Rises on Profit, Revenue Growth

Charles Schwab(SCHW - Cramer's Take - Stockpickr) shares jumped more than 6% Tuesday after the online brokerage



Urban Financial Services Coalition - New York Honors Industry Leaders and Youth at 27th Annual Diner

The Urban Financial Services Coalition - New York Chapter (UFSC-NY) has announced that its 27th Annual Awards and Scholarship Dinner will be held on Thursday



FGIC Weighing Sale, Split

Financial guarantor FGIC is weighing a possible sale as it considers its options after being downgraded by the major ratings agencies



Assurity Financial Services and Motivity Solutions Agree to Mortgage Business Technology

Mortgage Bank Receiving a Customized Technology Solution at a Fraction of Development Costs While Helping Shape the Next Generation of Mortgage Technology



Knight Capital Group and Clearbrook Financial Form Joint Venture

Knight Portfolio Access to provide products and services to firms offering separately managed accounts; Clearbrook's John P. Galvin to oversee day-to-day operations



Linux ready for real-time computing in financial services

Is Linux capable of handling the mission-critical, high-volume demands of the world's biggest financial institutions?



Woman accused of paying court fines with stolen credit card

A Clinton woman is in jail after allegedly using a credit card number stolen from a past employer to pay for court costs and automobile repairs, according to officials.



FMB Bancshares acquires Ga. companies

Smaller community banks across the southeast that want to compete with larger institutions that provide customers online banking



SOA in Financial Services Live Panel: Visibility, Control and Evolution: Building on SOA

All dates and times are NY local time, please consult your favorite world clock to determine when this webinar takes place in your time zone.



MSPmentor 100 Ranks Managed Services Provider HEIT, Inc. in Top 25

HEIT, Inc., a Managed Service Provider (MSP) with an exclusive focus on the financial industry, has been ranked #21 on the MSPmentor 100 for 2007.



Financial Services Drag Down GE

General Electric (GE), the iconic industrial conglomerate, posted weaker-than-expected earnings for the first quarter and lowered its profit



VersaPay Signs Brewers Distributor Ltd. to a 5-Year Preferred Financial Services Provider Agreement

VersaPay Corporation, a national payment processing and financial transaction services and solutions provider is pleased to announce the signing



KSC student fees fund necessary campus services

Students are often mislead and believe on campus services are free; a perk of attending college.



Nationwide Financial Services (NFS) NewsBite - NFS Higher on Upgrade

Nationwide Financial Services Inc. (NFS) opened at 49.01. So far today, the stock has hit a low of 48.00 and a high of 49.01.



Vanguard 3410 Access Services Gateway for Financial Services

Vanguard Networks has launched the Vanguard 3410 Access Services Gateway (News - Alert) (ASG), an enterprise communications solution



Vanguard Networks Launches New Family of Communication Platforms for the Financial Services Provider

Vanguard Networks today introduces the Vanguard 3410 Access Services Gateway (ASG), an enterprise communications solution



Best Financial Services Web site of 2008 to be Named by Web Marketing Association in Annual WebAward

The Web Marketing Association announces the call for entries for its 12th annual international WebAward Competition for Web site development at www.webaward08.org.



Hartford Financial Services (HIG) NewsBite - Downgrade Puts Pressure on HIG

Hartford Financial Services Group Inc. (HIG) opened at 76.27. So far today, the stock has hit a low of 75.89 and a high of 77.39.



Bankers Still See Edge Amid a Dip in Trust

Though nearly seven out of 10 banking executives say banks have an advantage over other types of financial institutions



US financial services institutions benefiting from direct marketing

Direct marketing is proving increasingly beneficial for financial services institutions in the US.



Discover Financial Services acquiring Diners Club International for $165M from Citigroup

The world's oldest credit card brand is switching hands. The 58-year-old Diners Club International is being bought by Discover Financial Services



i-flex solutions to change name to Oracle Financial Services

i-flex solutions, a provider of IT solutions to the financial services industry, has announced that its board of directors has approved a proposal to change the company's name to Oracle Financial Services



Dell Getting Offers for Consumer-Lending Business, CEO Says

Dell Inc., the personal-computer maker cutting costs to revive earnings, is getting bids for its consumer-lending unit



PEFCU Trust and Financial Center Officer Receives National Recognition

Larry Hyser, trust liaison officer for Purdue Employees Federal Credit Union (PEFCU) Trust and Financial Center and registered financial advisor



KeyCorp Unlocks Method for Extending Single Sign-on

Financial services firm looks to stretch SSO to business partners



GMAC Financial Services Exercises Option to Purchase Capital Auto Receivables Asset Trust 2005-SN1

GMAC Financial Services today announced that it will exercise its option to purchase the remainder of Capital Auto Receivables



The Maybach Journal: PNC Financial Services Group Inc. Review in Progress

MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world.



Discover Financial Services (DFS) NewsBite - DFS Falls on Recession Worries

Discover Financial Services (DFS) opened at $17.46. So far today the stock has hit a low of $17.07 and a high of $17.46.



Fidelity National Information Services, Inc. To Report First Quarter Earnings on April 24, 2008

Business Services industry news provided by Financial News USA (OTC: FNWU). Fidelity National Information Services, Inc.



McCain least popular of presidential candidates in Gallup poll

Afraid that Sen. John McCain (R-AZ) too closely resembles President George Bush, voters named him the most unpopular



Opening Statement of Ranking Member Spencer Bachus, House Financial Services Subcommittee

House Financial Services Subcommittee on Domestic and International Monetary Policy Hearing Entitled, "Proposed UIGEA Regulations: Burden without Benefit?"



Feds Say Internet Gambling Law Ambiguous

Congress' ban on Internet gambling is so vague that figuring out how to enforce it is a struggle, say federal officials charged with the task.



Farmers Insurance and Zurich Financial Services Display Mobile Catastrophe Claims Buses and Vehicles

Farmers Insurance and Zurich Financial Services displayed the mobile catastrophe claims buses and 10 customer care vehicles at the Zurich Classic in New Orleans, March 24-31, 2008.



Summit Financial Services annual net income up 140%

Summit Financial Services Group, a provider of commercial and retail banking services, has reported a net income of $1.4 million



SEC Chief Cox's Email to Staff

Yesterday's release of the "Treasury Blueprint for a Modernized Financial Regulatory Structure" by Treasury Secretary Hank Paulson



Affinity and mFoundry Team on Mobile Wallet Services

Affinity Mobile has formed a new alliance with mFoundry (News - Alert) to deliver prepaid and postpaid mobile wallet services and solutions to banks and mobile operators all over the world.



Sector Snap: Financial Services

Shares of financial services firms mostly rose Tuesday, buoyed by hopes that recently planned and completed capital-raising efforts



Affinity Mobile Appoints Wireless Industry Veteran Todd Achilles as Managing Director

Affinity Mobile, a global provider of mobile financial services focused on prepaid and underbanked subscribers, today announces that Todd Achilles



Oracle Unveils Oracle(R) Financial Services Asset Liability Management Analytics

Oracle Enterprise Performance Management and Business Intelligence: http://www.oracle.com/epm



United Services Automobile Association's ratings affirmed, outlook stable- Fitch

Fitch Ratings said it has affirmed United Services Automobile Association's (USAA) ratings with a stable outlook


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