Tuesday, August 16, 2011

8/16 Daily Financial News

// Financial Stocks: Citi, B. of A. drag financials lower
// August 16, 2011 at 10:27 AM

http://www.marketwatch.com/news/story.asp?guid=%7B278D72EE-C80D-11E0-A28C-00212803FAD6%7D&siteid=rss&rss=1
Shares of U.S. financial stocks sold off sharply along with the broader market on Tuesday after Germany reported a surprise second-quarter economic slowdown and sparked further concerns about global economic problems.


// Many Financial Advisors Miss Opportunity to Incorporate Life Insurance into Planning, Saybrus Survey Finds
// August 16, 2011 at 10:12 AM

http://www.finanzen.net/nachricht/Many-Financial-Advisors-Miss-Opportunity-to-Incorporate-Life-Insurance-into-Planning-Saybrus-Survey-Finds-1332749
Financial advisors often miss the opportunity to speak to their clients about the important role life insurance ...


// Rwanda: IMF Warns of Risks to Financial Stability
// August 16, 2011 at 9:40 AM

http://allafrica.com/stories/201108161176.html
The International Monetary Fund (IMF) has warned of the risks to financial stability if the sector's ambitious objectives are implemented at a rapid pace and not sequenced appropriately.


// Canaccord Financial says it's in talks with Evolution Group over potential bid
// August 16, 2011 at 8:45 AM

http://ca.news.yahoo.com/canaccord-financial-says-talks-evolution-group-over-potential-124546854.html
TORONTO - Canaccord Financial Inc. (TSX:CF) confirmed media reports Tuesday that it is in preliminary discussions with The Evolution Group PLC over a potential bid for the U.K. stockbroker.


// City OK with FOF financial scrutiny
// August 16, 2011 at 7:03 AM

http://www.thespec.com/news/local/article/578926--city-ok-with-fof-financial-scrutiny
City not looking for stricter financial reporting from Festival of Friends, despite growing crowds and taxpayer contributions.


// Sabal Financial Group, L.P. Announces Purchase of $212 Million Portfolio of Performing and Non-Performing Loans from ...
// August 16, 2011 at 7:00 AM

http://biz.yahoo.com/bw/110816/20110816005493.html?.v=1
Sabal Financial Group, L.P., formerly Milestone Asset Resolution Company, LLC, a diversified financial services management firm, announces the recent acquisition of a $212 million portfolio from a major Midwest retail bank.


// Sabal Financial Group Names Kevin McKenzie Portfolio Manager
// August 16, 2011 at 7:00 AM

http://biz.yahoo.com/bw/110816/20110816005482.html?.v=1
Sabal Financial Group, L.P., the diversified financial services management firm formerly known as Milestone Asset Resolution Company, LLC, has appointed Kevin McKenzie as portfolio manager.


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