The Latest Breaking News on Financial Services

Lebanon’s banks have been in crisis for months as depositors demand access to their savings.

Lebanese banks have unanimously decided to close their doors to clients indefinitely after a series of holdups by depositors seeking funds frozen in the banking system because of the country's financial meltdown, two bankers told Reuters. Banks will continue urgent operations for clients and back-office services for businesses, the bankers…

The permanent closure is due to a more than 50 per cent decrease in in-branch transactions.

The former president said during a speech this week that US banks have “done much less for the Hispanic community than they should”

The insurance industry admits that some parts of the country will become increasingly difficult to insure as extreme weather takes hold. What does this mean for bank loans that are underwritten by them and prospective homebuyers taking them out?

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

The Bank of England has written to the Government explaining why it intervened after market instability

The NIA said an operative in Europe had planned to use the money for terror-funding through a fake power of attorney 

BoE has spelt out what was at stake when events last week turned extreme, though surely not unimaginable