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The Latest Breaking News on Financial Services

World Bank Approves $300 Mn In New Funding For Afghanistan

The World Bank's executive board has approved $300 million in new funds for Afghanistan, which it will deploy outside the control of the Taliban authorities, the development lender confirmed Thursday.

International Business Times

Why Are More People Using Small Banks And Credit Unions?

Community banks and credit unions are attracting a small but growing number of you, study shows.

Kiplinger

Ukraine Rejects Removing Raiffeisen from Russia War Blacklist

Discover the exclusive story of Ukraine's refusal to remove Raiffeisen from the Russian war blacklist, shedding light on the ongoing Ukraine crisis.

Top News

"No review of decision on Paytm Payments Bank" says RBI Chief Shaktikanta Das

RBI Governor Shaktikanta Das on Monday reiterated that all decisions taken by the Central bank are carefully considered. Read further on Dynamite News:

Dynamite News

Nigerian bank CEO and family among six killed in California helicopter crash

Access Bank CEO Herbert Wigwe, his wife and son die in crash, along with former group chairman of Nigeria’s stock exchange

The Guardian - US

Rajya Sabha to hold short discussion on White Paper, Ram Lalla Pran Pratistha on last day of Budget session

Rajya Sabha will on Saturday, the last session of the ongoing Budget session of Parliament, hold a short-duration discussion on the White Paper put out by the Centre and on the Pran Pratistha of Ram Lalla. Read further on Dynamite News:

Dynamite News

‘Every day we get tourists’: current owner of infamous bodies-in-barrels bank says Snowtown is ‘nice and quiet’

As the SA government considers whether a high-risk offenders scheme could apply to Snowtown killers, locals have mixed feelings about renewed attention

The Guardian - AU

Are US Banks Redefining Overdraft Practices? Revenue Declines Hint At Shifting Trends

Major U.S. retail banks experienced a significant decline in overdraft revenue last year, signaling a shift towards more consumer-friendly practices.

International Business Times

3 B-Rated Foreign Bank Stocks to Consider

The U.S. banking sector continues to face challenges, including rising deposit costs in a high-rate environment, credit rating downgrades, and risk of defaults in commercial real estate (CRE) lending. Hence, it could be wise to look beyond borders and add quality foreign bank stocks Banco Macro (BMA), Banco Santander (SAN),…

StockNews.com

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Evening Standard

Tesco 'admits defeat' as it sells bank arm to Barclays in £700m deal

Tesco has sold its banking arm to Barclays in a £700 million deal that signals a wider retreat from financial services by the big UK grocers.

The Guardian - UK

Nationwide’s Dominic West ad prompts complaint from rival

Watchdog receives complaint, reportedly from Santander UK, that advert paints misleading picture of bank branch closures

StockNews.com

Buy or Sell These 3 Bank Stocks?

Prolonged exposure to high-interest rates, risk of defaults on commercial real estate loans, elevated deposit costs, diminished credit demand, and stringent lending standards are expected to pile more pressure on U.S. banks. Considering these factors, should investors consider investing in foreign bank stocks Banco Santander (SAN), Akbank (AKBTY), and First…

The Guardian - UK

Jes Staley stayed ‘in contact with Jeffrey Epstein’ long after joining Barclays

Legal documents said to suggest former bank CEO and child sex offender used third person to communicate

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news in one place.

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The Hindu

Hyderabad merchants gear up for a smooth ride amid Paytm fiasco

RBI's action against PayTM creates uncertainty for small businesses, but traders remain equipped with alternative payment platforms.

The Guardian - US

New York Community Bancorp shares plummet amid unease over regional banking

Alessandro DiNello, new executive chairman of regional US lender, acknowledges ‘serious situation’ as stock at lowest level in decades

International Business Times

NYCB's Financial Struggles Prompt Selloff; New Chair Appointment Signals Shift

NYCB shares plummet amid concerns over real estate assets, while a new chairman takes the helm.

Investors Business Daily

Regional Bank Stocks, New York Community Bank Fall After New Chairman, Moody's Junk Rating

Regional banks fell after New York Community Bancorp released a liquidity update, appointed new chairman following big Moody's rating cut.

StockNews.com

3 Bank Stocks to Buy for Security

The banking industry is poised to remain buoyed amid rising interest rates, considerably improving its revenue generation. To that end, fundamentally robust foreign bank stocks Banco Macro S.A. (BMA), Barclays PLC (BCS), and Deutsche Bank Aktiengesellschaft (DB) could be solid buys now. Read on….

Evening Standard

UBS aims for higher cost cuts increasing City job fears at Credit Suisse

UBS dramatically increased the cost cuts it expects to make from merging with Credit Suisse today, increasing fears that City job losses will be even worse than first planned.

Evening Standard

Mortgage market finally returning to pre-pandemic levels, Virgin Money says

According to Bank of England data, monthly mortgage approvals have remained between 10% and 20% below 2019 levels ever since the mini-Budget

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