The Latest Breaking News on Financial Services

James’ son Adam was horrified when he was at first told his father wasn’t eligible for compensation

Analysts say the worldwide banking system is facing a crisis of confidence, with the international banking sector entering an uncertain period in the coming days.

The Stock Exchange of Thailand experienced its most volatile week of the year, with gains and losses of more than 40-50 points, as did global bourses as a bank run led to the collapse of Silicon Valley Bank (SVB) and eroded confidence in US lenders.

RECAP: Asian equities advanced yesterday after a rescue package for First Republic Bank fuelled a rebound in US shares. Even so, the MSCI gauge of Asian shares recorded a second weekly loss after the recent turbulence in the global banking sector.

When Silicon Valley and Signature banks failed in early March 2023, government regulators rushed in to guarantee deposits and protect bank customers. Under current banking regulations, though, there was no obligation for the government to step in.

WASHINGTON — President Joe Biden on Friday urged Congress to pass legislation that would give the Federal Deposit Insurance Corporation authority to “claw back” executive pay at failed banks and to bar the executives from jobs in the banking industry.

It's a familiar cycle: Boom, bust, then bailout. Now everyone is wondering where the financial regulators were

The sudden collapse of two U.S. banks last week left many people wondering about the safety of their own deposits, the health of the banking system and consequences down the road.

US president calls on Congress to impose tougher penalties on senior officials of banks that fail due to mismanagement.

Lifelines handed to Swiss bank and US regional bank First Republic fail to ease investor concerns

The stock market might remain volatile as the recent high-profile bank failures, and the persistent rate hikes are raising the possibility of a recession. While investors looking to invest in ETFs could consider buying Vanguard S&P 500 ETF (VOO) in 2023, fundamentally weak ARK Innovation ETF (ARKK) could be best…