The Latest Breaking News on Financial Services

Children and parents are being warned of a surging new trend in overseas criminals conning victims into online sexual exploitation and then blackmailing them.

The former CEO of the failed cryptocurrency exchange FTX says that he did not "knowingly” misuse customers' funds

NEW YORK: Former FTX Chief Executive Sam Bankman-Fried apologised Wednesday for a "lot of mistakes" in the abrupt collapse of the cryptocurrency firm and said he did not knowingly behave fraudulently.

DETROIT — Lisa Cook, a member of the Federal Reserve Board of Governors, said the Federal Reserve will continue to work to bring down inflation "until the job is done," which includes increasing interest rates.

Hundreds of Australian bank accounts linked to offshore organised criminals who are sexually extorting Australian teenagers are shut down as part of an AFP operation.

A three day strike of more than 2,000 London bus drivers has been called off after a last-minute pay offer.

Prosecutors on Wednesday moved to confiscate $5.4 million from a U.S. bank account belonging to Russian businessman Konstantin Malofeyev, who Washington has accused of financing separatists in eastern Ukraine and Crimea and imposed sanctions on him.

Interactive Brokers is building a cup with handle on the strength of earnings prospects and interest income.

HSBC has said that around 100 staff could leave the bank as a result of plans to axe 114 UK branches from April next year.

Despite widespread market volatility and rising recession fears, the U.S. economy looks resilient enough to deal with a palpable growth slowdown. Experts are hopeful that the broader markets will stabilize eventually. Amid this, investors should exercise caution and consider adding fundamentally strong and defensive stocks Altria Group (MO) and Sprouts…

Jerome Powell warned there ‘was more ground to cover’ and rates would stay higher for an extended period