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Comment?Related Topix:Financial Markets,Investment Banking,Lehman Brothers Holdings,Investment Services,Insurance,American International Group,Ben Bernanke8 hrs ago|KansasCity.comOil rebounds after falling to 8-month lowOil prices rebounded above $91 a barrel Tuesday, a day after plunging to an 8-month low on concerns a significant slowdown in global economic growth will undermine demand for crude.With the world financial ... Comment?Related Topix:Automakers,Brilliance China Automotive Holdings,Banking,World News,OPEC (Organization of the Petroleum Exporting Countries) 12 hrs ago|The Associated Press|The Associated PressBritish banks lead Europe markets lower European stocks shed early gains Tuesday as ongoing fears about the health of the banking system, particularly in Britain, offset hopes that the world's leading central banks will follow Australia's lead and cut interest rates aggressively.Wall Street's late recovery helped European stocks recoup some of the massive losses experienced Monday but sharp falls in British banking stocks, notably Royal Bank of Scotland PLC, contributed to the turnaround.We're getting uncertainty in the banking sector on an almost daily basis, and it's difficult to see light at the end of the tunnel,' said David Jones, chief markets strategist at IG Index. Comment?Related Topix:Financial Markets,Australia,Oceania,World News,Banking,Barclays plc,Business News17 hrs ago|The Associated Press|The Associated PressWith bailout head, Paulson turns to Goldman again Treasury Secretary Henry Paulson turned to a familiar source when he picked a director for the government's $700 billion bailout program: his former Wall Street firm, Goldman Sachs.Neel Kashkari, a former Goldman executive who has worked with Paulson at the department since July 2006, was chosen Monday as the interim head of the government's unprecedented effort to unclog the credit markets.Kashkari, who was a vice president in Goldman's San Francisco office before joining the department, is one of four former executives from the firm now working feverishly to resolve the financial crisis. Comment?Related Topix:Investment Banking,Goldman Sachs Group,Investment Services,US Politics,US News,US House of Representatives,Barney Frank,Democrat,Home,Mortgage,Foreclosures,Business NewsMon Oct 06, 2008The Post-StandardBank of America reports profit drop, capital raiseBank of America Corp. on Monday reported third-quarter results earlier than planned, revealing a wider-than-expected profit drop and plans to boost capital by selling $10 billion stock and halving its dividend. Comment?Related Topix:Banking,Bank of America,Home,Mortgage,Personal FinanceThe Florida Times-UnionCitigroup sues Wachovia, Wells Fargo for $60B Citigroup Inc. said Monday it has filed a complaint in New York Supreme Court against Wachovia, Wells Fargo and the directors of both companies seeking more than $60 billion in damages for interfering with the ... Comment?Related Topix:Banking,Citigroup,Wells Fargo ,Deposit, NYClipSyndicateVIDEO: Spotlight: Valley National Bancorp A Bright Spot in the Markets - Interview with CEO Gerald Lipkin Comment?Related Topix:Valley National Bancorp,Banking,Video,Business NewsLubbock AvalancheCongress hears Lehman sought millions for execs Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday. Comment?Related Topix:Investment Banking,Lehman Brothers Holdings,Investment Services,US News,US Politics,US House of Representatives,Henry Waxman,Democrat,Republican,Tom DavisThe Associated Press|The Associated PressEuropean central banks offer more cash to markets The European Central Bank, the Bank of England and the Swiss National Bank offered more than $60 billion to markets Monday to try to keep the financial sector flush with cash.The European Central bank offered $50 billion in overnight money, while the Bank of England separately offered $10 billion.The Swiss National Bank said its overnight dollar offerings also continue, but did not immediately disclose the details of its offer, in keeping with standard policy.The ECB's Web site said the maximum bid for its offer is $5 billion while the minimum bid is $5 million. Details on the bidders and rates are to be released later in the day. Comment?Related Topix:Banking,Business NewsInternational Herald TribuneBank of America settles lawsuit over bad mortgagesSPRINGFIELD, Ill. : Facing a lawsuit over deceptive mortgage practices, a Bank of America Corp. Comment?Related Topix:Home,Mortgage,Personal Finance,Banking,Bank of America,Springfield, IL,Springfield Metro,Countrywide FinancialSun Oct 05, 2008CNNU.S. bank failures almost certain to rise in next year Here's a safe bet for uncertain times: A lot of banks won't survive the next year of upheaval despite the U.S. government's $700 billion rescue plan to restore order to the financial industry. Comment?CNNGerman government in crisis talks on bank Germany's Finance Ministry convened crisis talks Sunday to find a new way to keep Hypo Real Estate AG afloat after a $48.4 billion bailout plan for the DAX blue-chip company unraveled over the weekend. Comment?Related Topix:Europe,World News,Germany,Angela Merkel,Banking,Deutsche Bank AGAustralian Broadcasting CorporationJPMorgan blamed for Lehman collapse: reportLehman Brothers was America's fourth-biggest investment bank. US bank JPMorgan Chase stands accused of precipitating the collapse of American investment bank Lehman Brothers by freezing Lehman assets days ... Comment?Related Topix:Lehman Brothers Holdings,Investment Banking,Investment ServicesThis Is BoltonAlastair Darling said he was ready to help other banks Chancellor Alistair Darling said he was ready to offer further assistance to individual banks which get into difficulties. Comment?International Herald TribuneHow an energetic embrace of risk tripped up Fannie Mae "Almost no one expected what was coming. It's not fair to blame us for not predicting the unthinkable." - Daniel Mudd, former chief executive of Fannie Mae. Comment?Related Topix:Fannie Mae,Home,Mortgage,Personal Finance,US NewsSat Oct 04, 2008Indiana Gazette OnlineCal Thomas: The blame gameTHE BLAME GAME When Speaker Nancy Pelosi took to the floor of the House on Monday to blame Republicans for the financial turmoil and charge them with a laissez-fare attitude toward regulation, it seemed like a ... Comment?Related Topix:US News,US Politics,Nancy Pelosi,US House of Representatives,Democrat,Startups,YouTube,Richard Baker,Republican,Fannie Mae,Baker, LA,OpinionThe Associated Press|The Associated PressFeeling Wall Street's pain, from Manila to Paris Nearly 5,000 miles from Wall Street, Dmitry Zhiltsov's recruiting agency is bleeding clients, as investment banks that once hunted Russia's financial wizards succumb to the U.S. meltdown. Flipping on the morning news, he wonders: Who will fall today?He watches the real estate market, too. If housing prices dive in his hometown of St. Petersburg, and his business dries up and banks limit lending, who will pay his $3,000 monthly mortgage?'It's like I'm ... waiting for the collapse,' he said by telephone from his kitchen, a few blocks away from the shore of the Baltic Sea. Comment?Related Topix:Housing,Home,Mortgage,Personal Finance,Investment Banking,Lehman Brothers Holdings,Investment Services,World NewsThe Associated Press|The Associated PressMass. asks about federal loan amid market worries The treasurer of Massachusetts has asked the federal government about lending Massachusetts money under the same favorable terms it has given banks and firms during the financial crisis.Treasurer Timothy Cahill's requests to the U.S. Treasury and Federal Reserve Bank of Boston this week were prompted by the state's inability to borrow from the short-term debt markets, The Boston Globe reported Saturday. The financial turmoil has caused credit markets to stop lending, or to charge prohibitive rates. 1 commentRelated Topix:Massachusetts,Massachusetts Government,BankingSky NewsPM's Credit Talks Promise Gordon Brown has said European leaders will do whatever necessary to ensure stability of the financial system as he joined an emergency summit on the credit crisis. Comment?Related Topix:Nicolas Sarkozy,Banking,EntertainmentHouston ChronicleApple says reports of Jobs heart attack falseChief Executive Officer Steve Jobs had a heart attack and was hospitalized. The agency's enforcement unit is trying to determine whether the iReport.com posting was intended to push down the company's stock ... Comment?Related Topix:Science / Technology,Apple,Startups,Computers,Apple Computer,Securities and Exchange Commission,Corporate / Securities Law,Law,Steve Jobs ↑ Back to topMore Financial Service News Read more articles in the Financial Service News Archives. For up to the minute news, check out the Financial Service News Wire. Want to add Financial Service News headlines to your web site? Get the widget here.  addthis_pub = "topix";addthis_options = "favorites, delicious, google, digg, stumbleupon, facebook, myspace, more";addthis_url = "http://www.topix.com/business/financial-services";addthis_title = "Financial Service News - Topix";  Sponsored linksSecured LoansRefinancing Mortgage  Talk about Financial ServicesTopicLast CommentMortgage relief ahead for some Florida customers of Count...11 minJobless dad kills 5, himself in Porter Ranch area of L.A.18 minLehman CEO Reportedly Punched In Face At Gym19 minRestoration Hardware vice president charged in insider tr...25 minWashington Mutual fails, seized by gov't31 minSouth Florida casinos hold good hand in slump36 minNew regulations, fees slow down drilling production42 minOn the hot seat48 minLehman CEO defends salary, bonus57 minTwo arrested in identity theft scam at Countrywide59 minRead all Financial Services comments » Do you have something to say about Financial Services? Start a discussion now!Financial Services Hot TopicsAlliance Capital Management LPAsia Tigers FundAustralia and New Zealand Banking GroupBP Prudhoe Bay Royalty TrustBank of AmericaBankAtlantic BancorpCitigroupCoastal BancorpCountrywide FinancialCredit Suisse Asset Mnagement Income FundFinancial FederalFinancial InstitutionsGoldman Sachs GroupH and R BlockIndependence Federal Savings BankInvestment Technology GroupLehman Brothers HoldingsMorgan StanleyPennsylvania Commerce BancorpUbs AgFinancial Services Photosfunction insertMochilaSlideshow (keyword) {var buyerId = 'topixcom';var buid = '4161';var iframeHTML = '';document.getElementById('mochilaSlideshow').innerHTML = iframeHTML;}insertMochilaSlideshow('Financial Services');Financial Service News Editors Jwommack is editing the Financial Service News page. nuwireinvestor is editing the Financial Service News page.People just like you make Financial Service News on Topix better every day. If you're interested in becoming an editor, apply today!Edits History| Editor Blog Financial Services PollHow far do you drive on your road trips?created by: Bay Hiro| Jul 27, 2008VoteResultsClick on an option to vote1,434votesPosted in the Financial Services ForumHot Polls|Recent Pollsfunction poll_vote_OOF5RG(optidx){var ahash = [ "0CLOQA9JDV426QT4","TDL6P8G52OIPKA6P","S3C0GVL9JAO4S0LN" ];poll_vote('OOF5RG', 'CSSTV39O6UL2T66C', optidx, '1223434858', ahash[optidx], '/forum/com/chh/TCSSTV39O6UL2T66C', 'widget');} 50-100 miles? 100-300 miles? 500+ miles?100-300 miles?55038%50-100 miles?45932%500+ miles?42529%Current Total1434 15 comments #credit_cards {width:100%;}#credit_cards table.ehs_rate_table {padding:0; margin:0;}#topix_sh_jobs {zoom:1;}#topix_sh_jobs h4 {margin:4px 0 0 10px;font-size:18px; zoom:1;}#topix_sh_jobs h4 a {display:block; padding:0 10px 0 25px; background:transparent url(http://topix.cachefly.net/pics/icon_jobs_briefcase.gif) center left no-repeat }#topix_sh_jobs #simplyhired_job_widget {padding:0 12px;}Financial Services Jobskeywordslocation Job search powered by Simply Hired Also on Local NewsForums & PollsTop StoriesPopularUSWorld2008 ElectionSci-TechSportsEntertainmentOffbeatAll Topics Top StoriesHome Heating To Be More Costly This WinterTropical Storm Marco closing in on Mexico'...Chinese Muslims considered for release ins...Police say Louisville woman kills self, da...North Korea fires missiles into sea: Yonhap136 villagers poisoned by water in souther...Germany plans to extend Afghan mission 'Bold' decisions needed on bases deal - Ze...NASA's MESSENGER Spacecraft Reveals Mercur...Second lottery win makes Kansas man flush Most PopularPalin: Couric annoyed me - 2,993 commentsSpringsteen rocks Obama rally in Philly - 338 commentsYou betcha. 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