Bloomberg notes in a story on the LIBOR scandal that it was ultimately up to the British to deal with the manipulation of LIBOR, as only three of the 18 banks that set the LIBOR rate are based in the U.S. read more

AUG 10, 2012 - 7:30 am

HP said it expects to record a charge for the impairment of goodwill within its Services segment of approximately $8 billion in the third quarter of its fiscal 2012. The WSJ notes in a related story the charge underscores how much HP overpaid for EDS in 2008. read more

AUG 9, 2012 - 7:30 am

According to a New York Times article, major banks are now turning on one another as an international investigation into the manipulation of interest rates gains momentum. read more

AUG 6, 2012 - 7:35 am

Genpact announced that affiliates of Bain Capital have agreed to purchase 68 million Genpact common shares, valued at approximately $1 billion, from affiliates of General Atlantic and Oak Hill Capital. read more

AUG 3, 2012 - 7:28 am

The Wall Street Journal reported that an internal probe has revealed that a J.P. Morgan executive encouraged the trader known as the "London whale" to boost valuations on trades that may result in losses that could top $7 billion. read more

AUG 3, 2012 - 7:25 am

The Association for Financial Professionals announced that PNC Financial will be the exclusive sponsor of AFP’s Executive Institute. This Miami-based event will provide a private forum for CFOs, treasures and finance executive. read more

JUL 27, 2012 - 7:15 am

Bloomberg reported that during an interview on CNBC, former Citigroup CEO Sanford “Sandy” Weill said it’s time to break up the largest banks to avoid more bailouts. read more

JUL 26, 2012 - 7:35 am

In a recent report released by Bank Director magazine, Capital One Financial was ranked first out of 19 U.S. banks with $50 billion or more in assets. The rankings were based on 2011 profitability, capital levels and loan quality. read more

JUL 26, 2012 - 7:30 am

CFO.com reported that earnings pressures are causing the largest U.S. commercial banks to add riskier securities to their investment portfolios, citing a recent Standard & Poor's report. read more

JUL 26, 2012 - 7:05 am

Quiktrak, a provider of asset verification and field inspection services, announced the release of Revoquest v 1.0 on the Android mobile platform for use with compatible smartphones and tablets. read more

JUL 25, 2012 - 6:55 am

Bloomberg reported that Barclays' admission that it rigged the LIBOR rate shows that regulators, central bankers and politicians weren't paying attention when everyone from Citigroup and the BIS indicated that the measure was being manipulated. read more

JUL 19, 2012 - 7:35 am

Kaizen Auto Group has selected LeaseWave lease and fleet management software by Odessa Technologies. Kaizen is a family-owned company with over $375 million in annual revenues, $275 million in assets and over 450 employees. read more

JUL 17, 2012 - 7:00 am

Bloomberg notes in an article that according to traders, flaws in the way LIBOR is set allowed individual banks to manipulate the key global interest rate for profit for years. read more

JUL 16, 2012 - 7:30 am

Based on a review of a June 2008 memo, the Wall Street Journal said Timothy Geithner sent a private message to Bank of England governor Mervyn King calling for six changes that he said would improve the credibility and integrity of the London interbank offered rate that is now at the center of an international banking scandal. read more

JUL 16, 2012 - 7:15 am

LeaseTeam, a solution provider in the equipment and finance marketplace, said its annual user conference was a success. A large part of the conference was focused on LeaseTeam's ASPIRE product. read more

JUL 12, 2012 - 7:00 am