The Latest Breaking News on Financial Services

Fears of a financial system collapse due to bank failures last month is rising. Investors have been dumping shares of banks despite assurances by the financial regulators. However, this presents an opportunity for contrarian traders to buy M&T Bank (MTB), Webster Financial (WBS), New York Community Bancorp (NYCB), and Pinnacle…

Basel (Switzerland) (AFP) - UBS chiefs told shareholders on Wednesday that the Swiss bank's emergency takeover of beleaguered rival Credit Suisse was a "Herculean task" strewn with risks -- but still the right decision.

High inflation and rate hikes are gulping away the insurance industry’s profit. Moreover, recessionary fears following the turmoil in the banking sector have dampened the industry’s prospects this year. Hence, it could be wise to avoid fundamentally weak insurance stocks Lemonade (LMND), Hippo Holdings (HIPO), and Maiden Holdings (MHLD). Read…

Regional bank stocks might look cheap, but analysts caution against going bargain hunting just yet.

Central bank decides against £8.5m fine because of collapsed firm’s ‘limited resources’

The CEO of America’s biggest bank said the US Federal Reserve should take some of the blame for the sector’s recent troubles

New York (AFP) - While the current banking crisis isn't like 2008, it "is not yet over" and will be felt for years to come, JPMorgan Chase Chief Executive Jamie Dimon said Tuesday.

How big a role should heritage banks play in the ultra-modern tech finance world?

FIRST Minister Humza Yousaf has announced £25 million in funding for the Scottish National Investment Bank (SNIB) to be invested in the transition…