The Latest Breaking News on Financial Services

Bank of America Corp (NYSE: BAC) was surging more than 7% off the open on Thursday, in tandem with the general markets, which saw the S&P 500 trading about 2.6% higher.

The Senate economics committee will today hear from financial counsellors, consumer advocates and the complaints authority on the proposed changes and problems within the sector.

The firm is making wide-ranging cuts to its estate heading into the new year.

Check the full list of branch closures across the country

NatWest has announced that it will be shutting 43 of its branches across the UK, including ones in Glasgow, Edinburgh, and Aberdeen, as part of its transition to online banking

World Bank President David Malpass said on Thursday that the lender is preparing to disburse another $530 million to Ukraine by the end of October, financing enabled by guarantees from Britain and Denmark that brings total World Bank disbursements to the war-torn country to about $11 billion this year.

Six jobs are expected to be put at risk as part of the closures

Branches in Edinburgh, Glasgow and Aberdeen are among those closing

Only six jobs will be put at risk by the move