The Latest Breaking News on Financial Services

City Comment: Knee jerk reactions to bank profits are unhelpful

Calls for windfall tax likely as bank profits hit record

The community bank has supposed to launch this year

GENEVA: Credit Suisse on Thursday posted its biggest annual loss since the 2008 financial crisis and the scandal-plagued Swiss banking giant expects to fall deeper into the red in 2023, sending its shares tumbling.

Credit Suisse has reported a pre-tax loss of more than 1.3 billion Swiss francs, or about $1.4 billion, in the fourth quarter of last year

Swiss bank is cutting 9,000 jobs in restructuring programme after series of scandals

JPMorgan Chase Co has reportedly laid off hundreds of mortgage employees, according to a reports. This news comes just hours after the company announced that it has plannned to hire more than 500 bankers catering to small businesses through 2024, boosting the bank's workforce targeting the segment by 20% from…

One of the nation's highest-profile corporate whistleblowers has accused the federal government of "fiddling while Rome burns", labelling integrity reforms as hypocritical considering the Commonwealth is still pressing ahead with two prosecutions.

A former bank employee and her husband have been arrested in Ratchathewi district of Bangkok for allegedly cheating customers out of 36 million baht in cheques.