The Latest Breaking News on Financial Services

The Turkish Central Bank's net international reserves rose by $6 billion last week to $25 billion after a $5 billion deposit from Saudi Arabia entered its accounts. The central Bank's gross reserves rose $6.5 billion to $126.5 billion in the same period, Reuters quoted three bankers as saying. The Bank…

Washington (AFP) - American banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday, as the collapse of Silicon Valley Bank (SVB) continues to reverberate through financial markets. 

The share market added almost 1 per cent today after foreign stockmarkets soared, following the US and UK governments seeking to reassure markets of the stability of the global financial system. The US Federal Reserve will give its view of the economy overnight on Wednesday, when it meets to consider…

As Silicon Valley Bank deteriorated late last year and regulators began internally flagging flaws in its risk management, the lender opened up the credit spigot to one group: insiders.

Kasikornbank (KBank) reports surging usage of its digital platforms six months after launching its "challenger bank" programme to enable more people to engage with its services and products, simplifying banking through the use of advanced technology.

Protesters cut up credit cards and march to Washington branches of JPMorgan Chase, Citibank, Bank of America and Wells Fargo

The major indexes closed higher for a second straight day ahead of tomorrow's highly anticipated Fed decision.

Although a strong job report and elevated inflation strengthen the case for another rate hike, the recent turmoil in the financial markets will likely keep the Fed wary. Amid this backdrop, investors looking to buy quality stocks could consider investing in United Microelectronics (UMC), Arcos Dorados (ARCO), and Berry Corp.…

The Treasury Secretary said the administration is committed to protecting the U.S. banking system and customers who trust their money to it.