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News

15 Nov UK loses two-thirds of bank branches in 30 years

Posted at 00:02h in News by KMFSLLP 0 Comments

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Consumer group warns rapid pace of closures is hitting access to financial services

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14 Nov UPDATE 3-Nordstrom pays price for overcharging error as shares dive

Posted at 23:51h in News by KMFSLLP 0 Comments

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Shares in Nordstrom Inc slumped 9 percent on Thursday after the U.S. department store operator reported disappointing same-store sales and said it had been forced to refund some of its credit card customers after overcharging them.

14 Nov Top U.S. proxy advisers split on advance looks for corporations

Posted at 23:47h in News by KMFSLLP 0 Comments

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Top U.S. proxy advisers outlined different processes for sharing their influential research and voting recommendations with stock issuers at a hearing in Washington on Thursday, highlighting one of the charged issues facing regulators as they weigh new rules for corporate elections.

14 Nov UPDATE 4-Dell sweetens tracking stock offer, Icahn drops opposition

Posted at 22:54h in News by KMFSLLP 0 Comments

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Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $23.9 billion from $21.7 billion, prompting billionaire investor Carl Icahn to abandon his campaign to scupper the deal.

14 Nov U.S. judge overturns Montana man’s conviction in tribal bond scheme

Posted at 22:43h in News by KMFSLLP 0 Comments

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A federal judge on Thursday overturned the conviction of a Montana man on charges that he helped run a scheme to defraud a Native American tribe and multiple pension funds through the issue of $60 million worth of tribal bonds.

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14 Nov UPDATE 1-Labor unions file pension lawsuit against Puerto Rico

Posted at 22:27h in News by KMFSLLP 0 Comments

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Puerto Rico violated a law meant to safeguard the pensions of its public-sector workers who have been unable to invest the more than $300 million they contributed to a new retirement plan, according to a lawsuit filed against the U.S. commonwealth's government and others by two labor unions on Thursday.

14 Nov Bankrupt Sears wins court approval for plans to sell stores

Posted at 21:58h in News by KMFSLLP 0 Comments

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Sears Holdings Corp won U.S. bankruptcy court approval on Thursday to move forward with plans to stay in business and sell itself, even as it continues to evaluate offers to liquidate its business.

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14 Nov UPDATE 2-Mexico central bank sends warning over incoming leftist government

Posted at 21:56h in News by KMFSLLP 0 Comments

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Mexico's central bank raised its benchmark interest rate on Thursday on concerns over inflation, and said the incoming government's policies risked fanning inflation in a strongly worded warning to President-elect Andres Manuel Lopez Obrador.

14 Nov U.S. regulators ease banking rules in light of California fires

Posted at 21:20h in News by KMFSLLP 0 Comments

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Banks that operate in fire-blasted regions of California will not be punished if they ease loan terms or miss some federal reporting requirements, federal banking regulators said on Thursday.

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14 Nov UPDATE 1-Wells Fargo plans 1,000 U.S. job cuts

Posted at 20:45h in News by KMFSLLP 0 Comments

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Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to eliminate their positions.

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News

15 Nov UK loses two-thirds of bank branches in 30 years

14 Nov UPDATE 3-Nordstrom pays price for overcharging error as shares dive

14 Nov Top U.S. proxy advisers split on advance looks for corporations

14 Nov UPDATE 4-Dell sweetens tracking stock offer, Icahn drops opposition

14 Nov U.S. judge overturns Montana man’s conviction in tribal bond scheme

14 Nov UPDATE 1-Labor unions file pension lawsuit against Puerto Rico

14 Nov Bankrupt Sears wins court approval for plans to sell stores

14 Nov UPDATE 2-Mexico central bank sends warning over incoming leftist government

14 Nov U.S. regulators ease banking rules in light of California fires

14 Nov UPDATE 1-Wells Fargo plans 1,000 U.S. job cuts

KM Financial Solutions LLP

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