The Latest Breaking News on Financial Services

Banks are cutting mortgage rates on products as competition amongst lenders intensifies - but what does it mean for first-time buyers and people remortgaging

America’s second-largest bank by assets, Bank of America (BAC), will release its fourth-quarter earnings on January 12. The bank is expected to report year-over-year declines in revenue and earnings. With the Federal Reserve indicating three rate cuts this year, is BAC worth buying now? Read on to learn my view….

One of the UK’s leading mortgage brokers has called the move a ‘turning point’ for prospective buyers

The ‘big six’ lenders joined the ongoing rate war, following a number of others such as Halifax and HSBC in reducing mortgage prices this year

JPMorgan & Chase (JPM) will release its fourth-quarter earnings on January 12. The bank is expected to report growth in revenue over the prior-year quarter, but its EPS is expected to decline. With the central bank contemplating interest rate cuts this year, should investors invest in JPM now? Read on…

Credit Unions offer better deals with lower fees and higher savings rates. They are also as secure as banks, with up to $250,000 insured.

BJP leader Ramesh Jarkiholi booked for cheating Karnataka State Cooperative Apex Bank of ₹439.7 crore.

The Enforcement Directorate is making further investigation as per the provision of the Prevention of Money Laundering Act and there is a possibility of the applicant (accused) dealing with POC (proceeds of crime) and ultimately paralysing further investigation of the ED, the court said in the order made available on…

ED conducts searches at 6 locations linked to NCP MLA Rohit Pawar in money laundering probe connected to alleged Maharashtra State Cooperative Bank scam.

U.S. banks are anticipated to face pressure due to prolonged high interest rates, elevated deposit costs, diminished credit demand, and stringent lending standards. Therefore, it could be wise to look beyond borders and buy fundamentally strong foreign bank stocks Woori Financial Group (WF), Intesa Sanpaolo (ISNPY), and Shinhan Financial Group…

Despite indications of lower interest rates by the end of the year, concerns over asset quality, higher deposit costs, stringent lending norms, and interest rates remaining higher for longer remain for major banks. Considering these factors, let’s assess how M&T Bank (MTB) and JPMorgan Chase (JPM) are positioned to navigate…