The Latest Breaking News on Financial Services

Net profit for the banking industry grew 13% in the first quarter thanks to improving business operations, despite setting higher loan-loss provisions amid global economic risks.

Today’s update is about an eight-minute read that will brief you on the day’s biggest stories.

The recent collapse of Silicon Valley Bank, which has resulted in a credit crunch, and the rise in new claims for unemployment benefits have created a gloomy outlook for the economy. In light of investors' increased aversion to risk, it might be wise to avoid KKR & Co. (KKR), Hess…

What's the dirtiest word in financial policy?

Survey of normally cautious CFOs find them at their most bouyant since 2020

Paul Mason, a boss at Qatar National Bank, was set upon in the street after enjoying an evening with friends.

Although it seemed like the financial industry had stabilized after the recent bank failures, the U.S. banking industry faces several headwinds. Amid this backdrop, it could be wise to avoid fundamentally weak bank stocks M&T Bank (MTB), The PNC Financial Services Group (PNC), and Comerica (CMA). Keep reading….

A group of Credit Suisse investors have sued Swiss financial regulators after a government-engineered takeover of the struggling bank by rival UBS left them with billions in losses

Tejay Fletcher, 35, has pleaded guilty to the Metropolitan Police’s largest-ever fraud investigation

Ulster Bank's exit from the Irish market is almost complete

The ACCC is turning the spotlight on banks over interest rates – especially those paid to savers as borrowers are increasingly slugged.