The Latest Breaking News on Financial Services

CHARLESTON, S.C. — Former South Carolina bank CEO Russell Laffitte was found guilty Tuesday night on all six counts of conspiracy, bank and wire fraud and misapplication of bank funds, ending a three-week trial that also put disgraced attorney and accused murderer Alex Murdaugh in the spotlight.

Report also finds that smaller businesses in deprived areas are being stifled by a lack of access to finance

Sukhumvit Asset Management Co Ltd (SAM) is in the process of issuing debentures worth 2.5 billion baht as part of a plan to purchase bad assets next year.

The moratorium was slated to expire Jan. 1.

Share sale would be the first by an insurance company in the past five years as the industry faces challenges from the pandemic and restructuring

The broader macroeconomic headwinds have dampened the growth of the financial services industry this year. While fundamentally weak financial services stocks SoFi Technologies (SOFI) and Exela Technologies (XELA) are expected to remain under pressure, continued technological advancements should help Forrester Research (FORR) stay resilient. Keep reading….

The RBA board should be thinking very, very seriously about before lifting interest rates again, Michael Pascoe writes.

The catch with both the linked savings deal and the monthly cashback is a £3 monthly fee.

The trade body was speaking after a big surge in both corporate and personal insolvencies

New measures to tackle rising costs include a freeze on filling non essential vacancies, turning down the thermostats in public buildings, suspending some capital projects and mothballing some buildings.

They have warned customers to be vigilant when entering and leaving banks