The Latest Breaking News on Financial Services

Risky lending in an opaque, complex and leveraged part of the financial world is ringing alarm bells

CEO says bank has ‘right controls’ in place despite warnings about industry from IMF and Bank of England

Andrew Bailey says a close look is needed at the private credit market after collapse of two big US firms

While regional banks like KeyCorp (NYSE:KEY) enjoyed a strong outing during the spring and summer seasons, sentiment started to wane just prior to fall. More recently, KEY stock got caught out amid the wave of volatility that struck the financial subsector. Notably, the SPDR SP Regional Banking ETF (NYSE:KRE) logged…

The bonuses – awarded during the bank’s three years of misconduct – have been condemned as ‘indefensible’ and ‘tone-deaf’, especially given recent job cuts

Shares in France's biggest bank, BNP Paribas, sank more than seven percent in trading on Monday, following a US court verdict late last week finding it liable for atrocities committed in Sudan.

A US jury has held French bank BNP Paribas responsible for helping to sustain Sudan’s brutal regime under deposed leader Omar al-Bashir, awarding damages to victims of its atrocities.

Exclusive: Automated systems have generated ‘cookie cutter’ responses that fail to account for individual circumstances, financial ombudsman says

A federal jury in New York says France's largest bank must pay $21 million for giving the Sudanese government access to the U.S. financial system during a time when the government was engaged in atrocities