The Latest Breaking News on Financial Services

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),…

The U.S. response to Silicon Valley Bank’s failure can offer valuable insights to China’s banking industry, an economist says

As it stands, things are murky: The cap exists, but it could be waived for banks that seem important enough

Interest rate rises look less likely as turmoil continues in financial sector as wider markets find support

City Comment: A run on banks used to take weeks. Now it takes hours...

As Switzerland’s second biggest lender, Credit Suisse was considered one of the top 30 most important banks in the world

FTSE 100 rises and European banking shares are up after early jitters over what UBS takeover deal means for bondholders

With a mirror slightly askew in the background, Rep. Katie Porter sat in her Irvine bedroom and flipped on Instagram live as several regional banks teetered on collapse, with depositors frantically seeking to pull money from their accounts.