The Latest Breaking News on Financial Services

Net profit for the banking industry grew 13% in the first quarter thanks to improving business operations, despite setting higher loan-loss provisions amid global economic risks.

Today’s update is about an eight-minute read that will brief you on the day’s biggest stories.

Although it seemed like the financial industry had stabilized after the recent bank failures, the U.S. banking industry faces several headwinds. Amid this backdrop, it could be wise to avoid fundamentally weak bank stocks M&T Bank (MTB), The PNC Financial Services Group (PNC), and Comerica (CMA). Keep reading….

A group of Credit Suisse investors have sued Swiss financial regulators after a government-engineered takeover of the struggling bank by rival UBS left them with billions in losses

Tejay Fletcher, 35, has pleaded guilty to the Metropolitan Police’s largest-ever fraud investigation

Ulster Bank's exit from the Irish market is almost complete

The ACCC is turning the spotlight on banks over interest rates – especially those paid to savers as borrowers are increasingly slugged.

People are being targeted and losing out on hard-earned cash

Financial stress levels are low but an unexpected expense can easily push borrowers over the edge, Australian Banking Association head Anna Bligh says.