The Latest Breaking News on Financial Services

Even the Laziest Investor Knows to Avoid This Stock

While RV company Lazydays Holdings (LAZY) reported declining revenue and net income in the last quarter, the company’s near-term performance is likely to be challenged by the current economic environment as well as consumers’ prioritization of essential spending over discretionary. Hence, the stock might be best avoided. Keep reading.

StockNews.com · Apr 14, 2023

JP Morgan ready for more banking turmoil as profits jump 52%

Chief executive Jamie Dimon upbeat as bank’s earnings benefit from rise in US and global interest rates

The Guardian - UK · Apr 14, 2023

Singapore wealth group denies report of directive to keep quiet on China-linked fund inflows

A private banking industry group in Singapore on Friday denied a media report that the city state had asked global banks to keep quiet on wealth inflows coming from China over the past year due to political sensitivity.

Reuters · Apr 14, 2023

Wells Fargo executive Mary Mack, lauded for actions during massive scandal, is retiring

CHARLOTTE, N.C. — Wells Fargo’s Mary Mack, a top executive in Charlotte, will retire this summer after nearly 40 years in the banking industry and navigating a massive scandal at the bank.

Tribune News Service · Apr 14, 2023

2 Buy-Rated Stocks, According to a Billionaire

The stock market expected to remain volatile due to persistent concerns about high inflation, interest rate hikes, and a recession. However, investors can consider buying a billionaire’s holdings Visa (V) and Canadian National Railway (CNI). Read on to know why.

StockNews.com · Apr 13, 2023

Canadian bank named world’s largest fossil fuel financier

Royal Bank of Canada contributed $42.1bn to fossil fuel companies last year, environmental groups say in new report.

Al Jazeera · Apr 13, 2023

2 Affordable S&P 500 Stocks Under $50

While the banking turmoil disrupted the rally of the S&P 500 index last month, experts believe the index will rebound soon. Therefore, fundamentally strong stocks BorgWarner (BWA) and Tapestry (TPR), trading at attractive valuations, might be ideal buys under $50. Read more.

StockNews.com · Apr 13, 2023

Why Bank of England is looking to bolster UK protections for savers

Governor has played down repeat of 2007-08 financial crisis but review of payout policy points to unhappy memories

The Guardian - UK · Apr 13, 2023

Former TSB chief information officer fined £81,000 over IT meltdown in 2018

Regulator says Carlos Abarca ‘failed to take reasonable steps’ to ensure outsourcing firm was ready to migrate accounts en masse

The Guardian - UK · Apr 13, 2023

HSBC to relocate to new South West headquarters in Bristol

Bank says hundreds of its staff are set to move to the EQ office building in the city centre

Birmingham Post · Apr 13, 2023