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The Latest Breaking News on Financial Services

Former Governor Roy Eugene Barnes discusses working with top lawyer

Former Governor Roy Eugene Barnes faces questioning in a Fulton County courtroom. The transcript highlights his collaboration with attorney Craig Gillen an...

Top News

‘I’m still proud of what we created’: Metro Bank’s 14-year rollercoaster ride

From its lavish launch parties to a 2019 accounting scandal, the UK challenger bank has been beset by controversy

The Guardian - UK

UK Bank NatWest Shakes Off CEO Turmoil As Profits Jump

British bank NatWest on Friday said net profit jumped nearly a third in 2023 on higher interest rates, adding that Paul Thwaite would become permanent chief executive following boardroom turmoil.

International Business Times

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NatWest reports biggest annual profit since 2007 financial crisis

Pre-tax figure of £6.2bn comes as bank confirms Paul Thwaite will take over permanently as chief executive

The Guardian - UK

NatWest profits boom sets up government stake share sale

NatWest set itself up for a major sale of its shares back to the public today with a 20% leap in annual profits to £6.2 billion.

Evening Standard

UK retail sales rebound after Christmas slump; company insolvencies rise – as it happened

Rolling coverage of the latest economic and financial news, as retail sales in Great Britain rebound by 3.4% in January

The Guardian - UK

Big Firms With $7 Tn Exit Climate Investment Pressure Group

A pair of large investment companies with nearly $7 trillion in assets, said Thursday they exited a climate change investor initiative that aims to pressure companies to quickly cut carbon emissions.

International Business Times

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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 More People Are Using Small Banks And Credit Unions

More people are considering community banks and credit unions for their lower interest rates and friendlier service.

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

Eurozone Banks Warned of New Risks by ECB Supervisor

Euro zone banks are warned of new risks by the ECB supervisor, highlighting the need for increased vigilance and proactive measures to mitigate potential c...

Dynamite 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:

The Guardian - US

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

Dynamite News

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:

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news in one place.

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The Guardian - AU

‘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

International Business Times

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.

StockNews.com

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),…

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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