The Latest Breaking News on Financial Services

Shares in the midsized lender continued to tumble as fears grow about First Republic's financial health grow even after it received a $30 billion lifeline from its bigger rivals last week.

Financial authorities are now trying to prevent problems spreading throughout the global banking system and a repeat of the disastrous financial meltdown of 2008

The aftermath of the SVB collapse led to heavy losses on the London Stock Exchange and a sharp fall in US banking stocks

The US bank may need to raise more funds despite a $30bn rescue last week

Global banking system is under pressure amid row over who should lose out first when a bank struggles

With a Federal Reserve rate hike this week still in doubt, the S&P 500 rallied on Monday as the bank crisis showed signs of stabilizing.

Globally connected Credit Suisse has been taken over by rival UBS at the urging of Swiss authorities to avoid a collapse that could have sent shock waves through the global economy

Although the Fed might opt for a softer stance on the rate hike at the policy meeting this week, the fears of further aggressive rate hikes later this year remain. This, along with the banking crisis, is fueling recession concerns. Therefore, investing in defensive stocks McDonald’s (MCD), Elevance Health (ELV),…

Collapse of Silicon Valley Bank sparks collapse of confidence in markets

The crisis of confidence affecting regional banks poses a serious risk to the economy, the billionaire entrepreneur warns.

Swiss bank UBS agreed to buy Credit Suisse Sunday in a government-backed deal; First Republic downgraded, plans stock sale.