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Finance Research News - May, 2008















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

Credit Research News - May, 2008



Bibby Financial Services Announces Appointment of VP of Sales, Jennifer McMullan

Bibby Financial Services is pleased to announce the appointment of Jennifer McMullan as Vice President of Sales



Hartford Financial Services realigns life operations

The Hartford Financial Services has realigned its life operations into four market groups to serve the evolving needs of its customers around the world.



Zacks Industry Rank Analysis Highlights: American Express, Capital One, Discover Financial Services

Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week's analysis includes American Express (NYSE: AXP),



Dell May Not Appeal N.Y. Fraud Case

Dell and Dell Financial Services are facing a slurry of complaints from customers and Andrew Cuomo won't stand for it.



PHH Corporation to Present at KBW Diversified Financial Services Conference

PHH Corporation (NYSE:PHH) is scheduled to present at the Keefe, Bruyette & Woods Diversified Financial Services Conference on Wednesday



Financial Services Companies Reduce Direct Mail

With the economy shaken and Americans uncertain about their finances, leading financial services companies are cutting back on direct mail.



KANA Webinar Highlights Customer Service Best Practices in the Financial Services Industry

KANA Software, Inc. (OTCBB: KANA.OB), a world leader in multi-channel customer service, today announced that it will host a one-hour webcast



New financial services director at Deloitte

Deloitte has appointed a new financial services director responsible for leading its internal audit services aimed at the insurance sector.



National Bank Financial buys Manitoba dealer

National Bank Financial is using the downturn in financial services to expand its retail presence, notching its third acquisition in five months



UBS Financial Services investment guru Nick Feild sees ebbs and flows

"Dealing with this market in the past few years hasn't been easy," admitted Nick Feild, executive director of national sales for UBS Financial Services.



Bibby Financial Services Announces Appointment of New York Sales Team

Bibby Financial Services (BFS) is pleased to announce new VP's of Sale and Marketing, Mark Dubs and Matt DiGianni for the New York region.



Speier wins seat on banking committee

The Bay Area's newest lawmaker, Rep. Jackie Speier of Hillsborough, got her first committee assignment Thursday:



Kent Smith of Edward Jones Receives Accredited Asset Management Specialist® Designation

Kent Smith of the financial services firm Edward Jones in Temple, TX has achieved the professional designation of Accredited Asset Management Specialist®.



Pelosi Taps Her Newest Members For Financial Services

Three newly elected House Democrats should soon be receiving seats on the Financial Services Committee after the party's steering committee



Capgemini Announces Enhanced Data Conversion Offerings to Financial Services Firms

Asset purchase deal with Advantage Consulting Group reinforces Capgemini’s ability to offer low-risk and cost-effective solutions



Wolters Kluwer Financial Services Selected to Publish Online Rules for International Securities

Wolters Kluwer Financial Services announced today that it has been selected by the International Securities Exchange (ISE),



New York Law School Announces New Academic Center on Financial Services Law Industry Expert

New York Law School today announced the creation of its eighth specialized academic center, the Center for Financial Services Law, which will begin offering courses and programs at the Law School in the Fall 2008 semester.



Q1 2008 AMTRUST FINANCIAL SERVICES INC Earnings Conference Call - Final

OPERATOR: Good morning everyone, and welcome to the Amtrust Financial First Quarter 2008 Earnings Conference Call. Today's call is being recorded.



Areté Partners forms from three-way merger

Areté Partners LLC has been formed by the merger of three companies, CEO Ronald Leston reported Tuesday.



UPDATE: McGraw-Hill Cutting 2% Of Work Force

McGraw-Hill Cos. (MHP) is cutting 2% of its work force as its streamlines its financial-services and education segments, two weak points in the company's latest results.



Long-term speculative buys in financial services

Gregg Brewer, executive director of research for Value Line, says some troubled financial-services companies are long-term speculative buys



SLM Holdings Appoints George Cotsonas as National Sales Manager and Director of Sales

Brings Extensive Sales and Industry Experience to Position



Global Financial Services Joins First Houston

Global Financial Services, a Bethesda, Md.-based mortgage lending and financial services firm, has joined the network of branches



Tyfone to Present the Future of Mobile Financial Services to Mobey Forum Members in New York City

Tyfone, a global provider of mobile financial services infrastructure and fully-integrated mobile payments capabilities



Primus Guaranty to Participate in Lehman Brothers 2008 Financial Services Conference

Primus Guaranty, Ltd. (NYSE: PRS) has announced that Chief Executive Officer Thomas Jasper will make a presentation



Turner Acceptance Corporation Joins Wolters Kluwer Financial Services' AppOne Platform

AppOne, a part of Wolters Kluwer Financial Services, announced today that Turner Acceptance Corporation



First Houston Announces Global Financial Services as New Division

First Houston Mortgage, a mortgage-banking firm licensed in 18 states that offers expertise in every aspect of the residential mortgage lending process



Financial Services Firm EPOCH Taps Portfolio of Execs, Finds Social Motivator as a Key Driver

Professional services firm EPOCHSM, a provider of independently employed financial services executives and accomplished professionals



First Cash Financial Services to Participate in Investor Conferences

First Cash Financial Services, Inc. (Nasdaq:FCFS) will be a presenting company at investor conferences sponsored by three leading research



Q1 2008 Hartford Financial Services Earnings Conference Call - Final

OPERATOR: Good morning. My name is Tracy and I will be your conference operator today.



Ensemble Financial on List of Top Independent B/Ds

Ensemble Financial Services has been named one of the Top 50 independent Broker/Dealers in the nation by Investment News magazine.



Provenir User Forum Showcases Financial Services Excellence

Annual conference assembles industry luminaries, customers and peers to exchange ideas for financial services market.



Hercules Technology to Participate in SunTrust Robinson Humphrey Financial Services Unconference

Hercules Technology Growth Capital, Inc. (NASDAQ:HTGC), the premier specialty finance company providing venture debt and equity



Joost's new job in jeopardy

Only two months after Joost van der Westhuizen was given a top position in the financial industry, it looked as if the company for which he would work could fold.



THE WEEK AHEAD: MAY 19-23

Senate Homeland Security and Governmental Affairs Committee holds hearing on financial speculation in commodity markets



Rocco P. Perate Receives Financial Services Champion of the Year Award from Small Business Adm

On May 19th, Preferred Capital president and CEO Rocco P. Perate will be honored by the U.S. Small Business Administration’s



M&T Bank Corporation to Participate in Lehman Brothers Financial Services Conference

M&T Bank Corporation (NYSE: MTB)("M&T") will participate in the Lehman Brothers Financial Services Conference being held in London, England.



ULLICO Inc. Continues Momentum

ULLICO Inc., the labor owned multi-line holding company offering insurance and financial services, today reported pre-tax operating income of $4.1 million



Freddie Fawning Ignores Bailout Facts

When, in the course of business media events, it becomes necessary for one media critic to dissolve the intellectual bonds that connect investors to a really dumb thought and to assume among the powers of the earth...



Summit Financial Services Announces First Quarter Results

Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announces financial results for the First Quarter ended March 31, 2008.



FirstMerit Corporation to Present at The Lehman Brothers Eleventh Annual Financial Services Conf

FirstMerit Corp. (Nasdaq: FMER) will be participating in the Lehman Brothers Eleventh Annual Financial Services Conference



Accounting Changes Hide Freddie's Flaws

Accounting changes at Freddie Mac (FRE - Cramer's Take - Stockpickr) masked a sharp deterioration in the government-sponsored mortgage giant's portfolio



Leading Financial Services Company Standardizes 42 Separate Companies and Subsidiaries on NetSuite

NetSuite Inc. (NYSE: N), a leading vendor of on-demand, integrated business management software suites that provide Accounting / ERP



2008 IBT Market Pulse Survey Finds Financial Services Executives Keen on Building,Being and Offering

Nearly three-quarters (73 percent) of financial institution executives say they plan to build new or undergo a major remodel



IT workers less chubby than financial services, government employees

With temperatures starting to climb and swimsuit season fast approaching, many IT workers are taking stock of their weight



International Investors Let MTM Global Financial Services Allow You to Take Advantage of a Weak US D

MTM Global Financial Services is a world leader in global asset protection and investment advice.



National Skills Academy for Financial Services celebrates successful first year

Employers, training providers and learners have gathered today to celebrate the 1st anniversary of the National Skills Academy for Financial Services.



Discover Financial Services cleared to buy Diners Club

Discover Financial Services, the credit-card company whose market value has shrunk by a third since last June amid credit woes



Fiserv Expands the Integration of Its Loan Origination Software Systems With Mortgagebot

PowerSite Pro, Mortgagebot's Point-of-Sale Tool for Loan Officers, Streamlines the Mortgage-Application Process for Clients of Fiserv LOS Solutions



LEADING EXPERTS TO TESTIFY BEFORE HOUSE FINANCIAL SERVICES COMMITTEE ON GLOBAL FOOD CRISIS

Washington, DC-House Financial Services Committee Chairman Barney Frank today announced the committee will hold a hearing



Bowne & Co. Reports First Quarter 2008 Results

Gross Profit of $71 Million; Announces $50 Million in Annualized Cost Reductions



IndyMac Sputters to Loss

IndyMac Bancorp(IMB - Cramer's Take - Stockpickr) swung to a steep first-quarter loss and provided a darkened outlook for the full-year



William R. Berkley to Present at the 2008 UBS Global Financial Services Conference

W. R. Berkley Corporation (NYSE: WRB) announced today that William R. Berkley, its chairman and chief executive officer



OpenSpan Survey Finds Desktop Complexity Critical Challenge for Financial Services Industry

OpenSpan, Inc., the enabler of the New Enterprise Desktop, today announced the results of a survey of financial services employees



Universal Studios Forges Exclusive, Long Term Marketing and Financial Services Partnership With GE

Worldwide media and entertainment company Universal Studios has entered into a multi-year marketing and financial services alliance



Comparison sites under scrutiny by the FSA

Price-comparison websites could be providing their users with misleading information, the Financial Services Authority (FSA) has warned.



AT&T and Pyxis target financial sector

AT&T and Pyxis Mobile have announced an alliance to deliver a suite of wireless products and services for the financial services sector.



EDS Named Leader in Outsourcing Services by CRM Magazine

EDS today announced it has once again been named a leader in the Outsourcing Services Category by CRM Magazine in its 2008 Service Awards.



Plug files lawsuit against UBS Financial Services

Fuel cell developer Plug Power Inc. has filed a lawsuit against UBS Financial Services Inc., alleging the firm mismanaged $62.875 million



EasyLink to Present at International Financial Services Association (IFSA) 2008 Trade Conference

VP of Strategic Initiatives to Discuss Customer Information Security and the Electronic Exchange of Documents



Oak Ridge Financial Services Announces First Quarter Earnings (4º)

Business Wire Allowance for Loan Losses and Asset Quality The allowance for loan losses totaled $2,273,000 at March 31,



AIG names Bensinger, formerly CFO, as vice chairman of financial services

American International Group said it has named Steven Bensinger vice chairman of financial services, leaving his previous role as chief financial officer



Peoples Bancorp appoints Sloane as CFO effective May 21

Peoples Bancorp appoints Edward G. Sloane as new chief financial officer, treasurer



Peoples Bancorp Inc. Names New Chief Financial Officer

Peoples Bancorp Inc. (Nasdaq: PEBO) announces the appointment of Edward G. Sloane to the Executive Vice President position



Center Bancorp, Inc. Announces Wealth Management Services Through American Economic Planning Group

Center Bancorp, Inc. (NASDAQ: CNBC), through its National Bank Subsidiary, Union Center National Bank, ("UCNB")



Nationwide Financial Services 1Q profit, revenue fall

Nationwide Financial Services Inc. late Wednesday reported first quarter net income of $44.5 million, or 32 cents a share



Wolters Kluwer Financial Services Launches Red Flags Resource Center to Help Financial Institutions

Wolters Kluwer Financial Services Jennifer Marso, 612-852-7912 Director of Corporate Communications



Bridge Capital Holdings to Present at D.A. Davidson 10th Annual Financial Services Conference

Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, announced today that its President and Chief Executive Officer



Sector Wrap: Financial services stocks fall

Financial services stocks turned lower Wednesday afternoon after Treasury Secretary Henry Paulson said large portions of the credit markets



SunTrust to Present at UBS Global Financial Services Conference

SunTrust Banks, Inc. will present at the UBS Global Financial Services Conference in New York City on Tuesday, May 13



WAL: To Present At DA Davidson Financial Services Conference @ 15:30 ET [delayed]

Company representatives of Western Alliance Bancorporation will be presenting at the D.A. Davidson & Company 10th Annual Financial Services Conference



Daimler Financial Services to relocate 60 more employees to Westlake

As part of its re-engineering strategy in the Americas, Daimler Financial Services is expanding its Westlake facility to house 650 employees



CoBiz to Present at D.A. Davidson's Financial Services Conference

CoBiz will present at the 10th Annual D.A. Davidson & Co. Financial Services Conference. Jonathan C. Lorenz, vice chairman, and Lyne Andrich, chief financial officer



WaMu to Present at the UBS Global Financial Services Conference

Washington Mutual, Inc. (NYSE:WM) President and COO Steve Rotella will present at the UBS Global Financial Services Conference in New York



GMAC Financial Services Names SmartEdge Sweepstakes Winners

GMAC Financial Services (GMAC) today announced the four grand prize winners of its "2007 GMAC SmartEdge Get the Edge Instant Win & Sweepstakes."



Fannie Shares Recover After Grim Results

The stock market looked past grim earnings results at Fannie Mae (FNM - Cramer's Take - Stockpickr) on Tuesday and focused on the prospect of a wider role for the government-backed mortgage



Aston Martin Selects Premier Financial Services as Exclusive Lease Company

Premier Financial Services (PFS), the industry leader in highline, exotic and vintage auto leasing, announced today it had reached an agreement with British sports car



Democratic lawmaker expects tougher bank rules

The current mortgage crisis has exposed the need for financial reform, but there is no time for legislative fixes this year



Meltdown to Breakout: Financial Services Overhaul Customer Service

Who would have thought the meltdown in financial services could fuel the overhaul of the industry's customer service departments?



Iowa Business Briefs: Weyerhaeuser's Iowa units up for quarter

Weyerhaeuser's earnings in its containerboard, packaging and recycling segments improved in the first quarter from a year ago.



Financial services office opens in Hurricane

Yeager Insurance and Financial Services has recently opened for business at 3786 Teays Valley Road, next to Tractor Supply.



Sector roundup: Nursing home operators, credit cards

Shares of nursing home operators climbed Friday, as investors breathed a sigh of relief that the Centers for Medicare and Medicaid Services'



ICE's Volume, Profit on Fire

Futures exchange operator InterContinental Exchange(ICE - Cramer's Take - Stockpickr) on Friday reported first-quarter profits jumped 66% on record trading volume.



Hartford Financial Services (HIG) NewsBite - Hartford Rallying on Financial Statement

Hartford Financial Services Group Inc. (HIG) opened at 75.73. So far today, the stock has hit a low of 75.47 and a high of 76.18.



Navidec Financial Services, Inc. Information Available Through S&P Market Access Program

Navidec Financial Services, Inc. OTCBulletinBoard: NVDF announced today that its company information will be made available via Standard & Poor's Market Access Program



Financial management, services to Airmen evolving

The assistant secretary of the Air Force for financial management and comptroller described a bright future for financial services



Bank of America to Present at UBS Global Financial Services Conference

Bank of America Global Consumer and Small Business Banking President Liam McGee will speak at the UBS Global Financial Services Conference



H&R Block Closes $1.3B Option One Sale

H&R Block(HRB - Cramer's Take - Stockpickr) on Thursday said it closed its deal to sell subprime lending unit Option One to a company owned by billionaire investor Wilbur Ross


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