The Latest Breaking News on Financial Services

Although the U.S. banking industry has staged a strong recovery from last year’s troubles, certain risks still cloud its growth prospects this year. Given this backdrop, should investors now consider buying Bank of America (BAC) and The Goldman Sachs Group (GS)? Keep reading.

Prime Minister Narendra Modi on Monday applauded the transformation that the Reserve Bank of India witnessed in the last decade. Read further on Dynamite News:

Exclusive: Whistleblower raised concerns about security of in-branch coin-counter software

The RBI disclosed the latest figures concerning India's IIP as of December 2023 showing a decline in net claims of non-residents on India, plunging by USD 12.2 billion during the period from October to December 2023, culminating at USD 370.4 billion by the end of December 2023. Read further on…

Switzerland's biggest bank was strongarmed by the government into buying Credit Suisse last year over fears that the second largest lender in the country might go under and spark a global financial crisis.

A federal judge in Texas has accused the major banking industry groups and the U.S. Chamber of Commerce of forum shopping in their lawsuit against the Consumer Financial Protection Bureau

UBS CEO's compensation of 14.4 million Swiss francs in 2023 has ignited discussion, showcasing the contrast between European and American banking pay standards.

The IMF urged Switzerland on Thursday to strengthen its financial sector regulation as supervising UBS has become "more challenging" since it grew into a global banking behemoth after its takeover of Credit Suisse.

Why do the big banks want fewer limits on their lending? Because the easy days of exploiting the Reserve Bank’s rate rises are behind them.

One Guangdong province-based bank lowers rate on five-year time deposits to 2.5% from 2.7% as expectations grow for a continued decline in loan rates

City Comment: I hope I am wrong about this deal