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15 May 12 - Financial Services News

Summit Financial Services Group Announces Results for the Quarter Ended March ...
BOCA RATON, Fla., May 15, 2012 /PRNewswire via COMTEX/ -- Summit Financial Services Group, Inc. (OTN:SFNS) announced financial results for the three month period ended March 31, 2012 (the "2012 Quarter").

First Financial Service Corporation Announces Agreement to Divest Louisville ...
ELIZABETHTOWN, Ky., May 15, 2012 /PRNewswire via COMTEX/ -- First Financial Service Corporation (NASDAQ:FFKY) today announced that its banking subsidiary, First Federal Savings Bank of Elizabethtown, Inc., has signed a definitive agreement to divest ...

Colonial Financial Services, Inc. Announces First Quarter 2012 Results
VINELAND, NJ, May 15, 2012 /PRNewswire via COMTEX/ -- Colonial Financial Services, Inc. (nasdaq global market:COBK) (the "Company") the holding company for Colonial Bank, FSB (the "Bank"), announced net income of $248 thousand, or $0.06 per basic and ...

Manufacturing, financial services drag down AB Nuvo's profits
The financial services businesses also reported a 11.6% decline in Ebit as revenue growth dried up; the life insurance segment was the main culprit.

Sidley Expands its Insurance & Financial Services Group in New York with the ...
NEW YORK, May 15, 2012 (BUSINESS WIRE) -- Sidley Austin LLP is pleased to announce that Andrew Holland and Kirk Lipsey have joined the firm's New York office as partners in the Insurance & Financial Services group. Mr. Holland's practice will focus on ...

IMF jets in for stress tests
THE big four banks face increasing scrutiny from both the International Monetary Fund and the credit rating agencies as Europe's financial problems drive up offshore funding costs, just as domestic growth stutters. IMF officials arrived in Sydney this ...

Equity Research on Hartford Financial Services Group Inc. and Cincinnati ...
Today they are providing members comprehensive research on the Property & Casualty Insurance industry and are offering free analytical research on Hartford Financial Services Group Inc. (NYSE:HIG) and Cincinnati Financial Corp. (NASDAQ:CINF) .

Financial services industry critical to emerging economies
Financial services organizations should focus on improving profitability in the context where new manipulations and challenges are the order of the day.

American Cancer Society to Honor Industry Leaders at Financial Services Cares Gala
NEW YORK, May 15, 2012 (BUSINESS WIRE) -- The American Cancer Society announced today it will be hosting the 7th Annual Financial Services Cares Gala. The event, to be held Monday, June 18, 2012, at Cipriani 42nd Street in New York, will honor John W.

Popular, Inc. to Present at the Deutsche Bank Global Financial Services ...
SAN JUAN, Puerto Rico, May 15, 2012 (BUSINESS WIRE) -- Popular, Inc. (NASDAQ:BPOP) today announced that it will present Monday, May 21, 2012 at the 2012 Deutsche Bank Global Financial Services Investor Conference in New York, NY.

Financial services startup sector continues solid growth (analysis)
The venture-backed financial services industry continues to evolve and grow at a rapid pace as investors continue to fuel industry change.

Financial services market shallow in Patna
If that is taken as an indicator of the wealth seeking profitable avenues of investment, one may assume that the state capital would have a vibrant financial services market, with wealth management advisory services having a pride of place in it.

Leading Financial Services Expert Joins Morrison & Foerster
WASHINGTON, May 14, 2012 /PRNewswire via COMTEX/ -- Morrison & Foerster is pleased to announce that Thomas J. Noto, a noted expert in financial services law, has joined the Firm's nationwide Financial Services regulatory, litigation, and transactional ...

PNC Financial Services Group (PNC) Shares Cross Below Book Value
In trading on Tuesday, shares of PNC Financial Services Group (NYSE: PNC) crossed below their last reported book value - defined as common shareholder equity per share - of $63.27, changing hands as low as $63.21 per share.

Zurich Financial Services' CEO Discusses Q1 2012 Results - Earnings Call ...
By Seeking Alpha 05/15/12 - 02:12 PM EDT Welcome to Zurich Insurance Group's First Quarter Results presentation. I am pleased to announce that we had an excellent start to 2012.

Syracuse agency approves tax exemptions for financial services company moving ...
The Syracuse Industrial Development Agency approved tax incentives Tuesday for a financial services company that is moving from James Street to Franklin Square.

Wolters Kluwer Financial Services' FRSGlobal reveals Basel III checklist
FRSGlobal, the financial risk management and regulatory reporting arm of Wolters Kluwer Financial Services has released a paper entitled “Implementing Basel III - are you ready?

TD Ameritrade CFO to Speak at the Deutsche Bank 2012 Global Financial Services ...
OMAHA, Neb., May 15, 2012 (BUSINESS WIRE) -- Bill Gerber, chief financial officer and executive vice president of TD Ameritrade Holding Corporation (NYSE:AMTD) , will be speaking at the Deutsche Bank 2012 Global Financial Services Investor Conference ...

Fortune Financial Services India Ltd Board to consider Dividend for 2011-12
A meeting of the Board of Directors of Fortune Financial Services India Ltd will be held on May 30, 2012, to consider and approve the audited Financial Results of the Company for the financial year ended March 31, 2012, and also to consider ...

UK's Financial Services Authority Fines Habib Bank AG Zurich £525000 And Money ...
The Financial Services Authority (FSA) has fined Habib Bank AG Zurich (Habib) £525000 and its former Money Laundering Reporting Officer (MLRO) Syed Itrat Hussain £17500 for failure to take reasonable care to establish and maintain adequate anti-money ...