The Latest Breaking News on Financial Services

Bank of America (BAC), the second-largest U.S. bank by assets, beat Street revenue and earnings estimates in the second quarter but is stuck with more than $105 billion in unrealized losses. Moreover, the bank was slapped with refunds and fines worth $250 million earlier this month. In this piece, I…

BofA's Q2 revenue beats estimates, client balances climb and loan demand remains steady.

Given the challenges faced by the U.S. banking sector, investors could turn to foreign banks that offer more stability. Therefore, investors could look to buy fundamentally strong bank stocks Intesa Sanpaolo (ISNPY), Commerzbank AG (CRZBY), and Woori Financial (WF). Keep reading.

Even though sentiments have improved since the collapse of the regional banks, underlying apprehensions about the U.S. banking system’s stability persist among investors and depositors. Given this backdrop, looking beyond borders and adding fundamentally robust foreign bank stocks Banco do Brasil (BDORY), KB Financial Group (KB), and Banco Macro (BMA)…

Telangana Govt. has decided to raise ₹2,000 crore through open market borrowings, taking the total to ₹5,000 crore in July. This is to meet pressing commitments before the assembly elections, such as the Dalit Bandhu scheme, Gruha Lakshmi scheme and loan waivers. Union Finance Ministry has set the borrowing ceiling…

Shenzhen Component Index closed down 0.63%

NEW YORK — The U.S. Virgin Islands is seeking at least $190 million in damages from JPMorgan Chase in a lawsuit alleging the bank benefited financially from disgraced financier Jeffrey Epstein’s sex trafficking enterprise as well as neglected to report suspicious financial activity.

Swiss historians express concerns over extended access delay to crucial documents

The major market indexes failed to make big moves despite a solid start to second-quarter earnings season.