The Latest Breaking News on Financial Services

The Senate's version of the controversial amendment to the Student Loan Fund (SLF) Act, in which the Upper House decided to retain interest and fines for defaulters, was given the all-clear by the House of Representatives on Wednesday despite strong opposition by several MPs.

The Consumer Financial Protection Bureau left very little unsaid when it announced, a few days before Christmas, $3.7 billion in assessments against Wells Fargo Bank for more than a decade of legal violations harming its millions of customers.

Thousands of people in Merseyside alone are having their benefit payments slashed

As the Fed hinted at raising interest rates through 2023, investors are worried about a recession. However, the rate hike aggression is expected to slow down if inflation keeps cooling. Regardless of market conditions, buying and holding fundamentally sound stocks Johnson & Johnson (JNJ), Berry Corporation (BRY), Honda Motor Company…

Although inflation eased for two consecutive months, the Fed is expected to keep raising interest rates through 2023. This is expected to keep the stock market under pressure in the upcoming months. Amid this backdrop, it could be wise to buy ETFs JPMorgan Ultra-Short Income (JPST), VanEck Pharmaceutical (PPH), and…

Another 193 banks are scheduled to shut in 2023

Which? suggests banks and building societies have closed, or have scheduled to close, a total of 5,355 branches since January 2015. This amounts to 54 branches each month.

These are the closures that are currently known about - more could be announced

Which? has identified five bank transfer scams to look out for next year