HRB Ex-Dividend Reminder - 3/14/13 Tuesday, March 12, 11:22 AM ET, by Market News Video Staff On 3/14/13, H & R Block, Inc. (HRB) will trade ex-dividend, for its quarterly dividend ...
Noteworthy ETF Inflows: VEA, NSRGY, HBC, NVS Tuesday, March 12, 1:10 PM ET, by Market News Video Staff Symbols mentioned in this story: VEA, NSRGY, HBC, NVS Exchange traded funds (ETFs) trade just ...
Tax-preparer H&R Block (NYSE:HRB) received a bit of bad news this morning. The company will not be able to issue tax-refund loans to customers this tax season due to a recent ruling by US regulators. The Office of the Comptroller of the Currency informed the tax-preparer's partner, HSBC (NYSE:HBC), that it could not make refund anticipation loans, prompting the bank to cancel its relationship with H&R Block. The tax preparer will not have time to create an alternative products for the upcoming tax season, and earnings could be impacted as a result.
Shares of HBSC were lower by about 0.8% on the news, but shares of H&R Block were sharply lower, falling nearly 8% so far.
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