The Latest Breaking News on Financial Services

Although a strong job report and elevated inflation strengthen the case for another rate hike, the recent turmoil in the financial markets will likely keep the Fed wary. Amid this backdrop, investors looking to buy quality stocks could consider investing in United Microelectronics (UMC), Arcos Dorados (ARCO), and Berry Corp.…

The Treasury Secretary said the administration is committed to protecting the U.S. banking system and customers who trust their money to it.

The financial system collapse has raised the probability of a recession in the upcoming months. Amid such a volatile backdrop, quality ETFs iShares Core S&P Mid-Cap ETF (IJH) and Vanguard High Dividend Yield ETF (VYM) might be wise portfolio additions that could help hedge against market downturns. Read on….

New York (AFP) - Stock markets extended gains on Tuesday, with bank shares rallying as fears of a financial crisis eased after authorities moved to shore up the sector.

Washington (AFP) - The US banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen told a lenders' meeting Tuesday.

Just Eat Takeaway is to lay off as many as 1,700 delivery drivers as the food delivery business wrestles with a slowdown in demand.

First Republic Bank led financials higher early Tuesday as regulators work to soothe fears of a bank crisis. UBS, regional bank stocks rise.

U.S. officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis.

Treasury secretary says 'similar actions' to the deposit guarantees for Silicon Valley Bank and Signature Bank 'could be warranted if similar institutions suffer deposit runs that pose the risk of contagion.'