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The Latest Breaking News on Financial Services

Kilwinning to receive new banking hub thanks to locals’ requests

The banking hub in Kilwinning will offer basic counter services, allowing people to withdraw cash, collect change, deposit cheques, pay bills and make balance enquiries.

Daily Record · Mar 30, 2023

Credit Suisse violates deal on rich clients’ tax evasion

The Senate Finance Committee finds that troubled Credit Suisse failed to report secret accounts held by U.S. citizens trying to avoid paying taxes.

Chicago Sun-Times · Mar 30, 2023

Bipartisan group of senators offer clawback bill for bank failures

WASHINGTON — A bipartisan group of senators released draft legislation Wednesday that would claw back executive pay in the five years leading up to a bank’s failure, following President Joe Biden’s call on Congress to take action.

Tribune News Service · Mar 29, 2023

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The large Welsh town which is losing its very last bank as Lloyds confirms it's pulling out

The decision has been described as 'disappointing and short-sighted'

Wales Online · Mar 29, 2023

The Reserve Bank doesn't need an overhaul, Australia needs fairer policies, says former governor

Former governor Bernie Fraser says the Reserve Bank of Australia's attempt to improve the welfare of all Australians has been undermined by decades of neoliberalism.

ABC News · Mar 29, 2023

Federal budget 2023: Long-term investments are needed to fix Canada’s infrastructure gap

The federal government’s 2023 budget unveiled investments in infrastructure, with a narrative highlighting resilient and sustainable communities, and pointing to Ottawa’s progress and investments to date.

The Conversation · Mar 29, 2023

Fed’s Barr acknowledges oversight lapses before SVB failure

The Federal Reserve’s top bank regulator on Wednesday said that supervisors could have done more to keep tabs on Silicon Valley Bank before it collapsed earlier this month.

Tribune News Service · Mar 29, 2023

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NatWest closures: Two Bristol banks to shut in 'disastrous decision' for community

"The rationale behind this closure is all too familiar"

Bristol Post · Mar 29, 2023

£2bn poured into NS&I as savers seek security on deposits

The Independent UK · Mar 29, 2023

Bank of England calls for tougher pension scheme rules after crisis

Bank wants to avoid repeat of situation that followed Kwasi Kwarteng’s calamitous mini-budget

The Guardian - UK · Mar 29, 2023

Thousands of mortgage holders 'could get extra money back' after High Court trial

Lawyers at the firm Harcus Parker are working to take action on behalf of customers who believed they were unfairly charged high mortgage rates

Daily Mirror · Mar 29, 2023

How to Protect Your Cash and Investments in a Banking Crisis

A focus on FDIC insurance and Treasury-only money market or bond fund options can help safeguard investments when a banking crisis threatens.

Kiplinger · Mar 29, 2023

Exclusive: Biden's World Bank pick sets ambitious course

Ajay Banga: World Bank should focus on both poverty and climate change.

Axios · Mar 29, 2023

Ulster Bank and KBC customers warned to act quickly to stop their accounts from being frozen

Customers have been urged to act fast as over 220,000 current accounts are still open even though the banks are set to leave the Irish markets soon

Dublin Live · Mar 29, 2023

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Bangkok Post · Mar 29, 2023

Ermotti back as UBS chief for Credit Suisse takeover

ZURICH: Sergio Ermotti will return as CEO of Swiss banking giant UBS to pilot the controversial acquisition of troubled rival Credit Suisse, its board announced Wednesday.

Chicago Sun-Times · Mar 29, 2023

Fed official says banking rules are under review in the wake of SVB failure

Michael Barr, the nation’s top banking regulator, said Silicon Valley Bank was warned in the fall of 2021 that its interest rate model was not ‘aligned with reality.’

AAP · Mar 29, 2023

The long and winding road to banking in rural Australia

The Senate inquiry into regional bank closures has heard from more than 150 rural Australians about the devastating effects of losing essential services.

Al Jazeera · Mar 28, 2023

Senate committee questions federal regulators over US bank crisis

Tuesday marked the US Senate’s first public hearing into the collapse of Silicon Valley Bank in early March.

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Bangkok Post · Mar 28, 2023

SCB unveils new digital bond service on its mobile app

Siam Commercial Bank (SCB) plans to ramp up digital bonds as part of its digital banking strategy, aiming to provide more convenience to retail bond investors.

Salon · Mar 28, 2023

FDIC reveals SVB "billionaire bailout"

"The core reason SVB's depositors got bailed out had little to do with morals or even financial risk," critic says

Kiplinger · Mar 28, 2023

Stock Market Today: Stock Market Struggles While Alibaba Shines

Tech and communication services stocks were two of the worst performers today as Treasury yields rose.

WEKU · Mar 28, 2023

5 things we learned from the Senate hearing on the Silicon Valley Bank collapse

A top federal regulator called the failure of Silicon Valley Bank a "textbook case of bank mismanagement" during a Senate hearing about what led to its spectacular collapse

Zenger · Mar 28, 2023

Banking System Is Sound, Regulators Say In The Face Of Flurry Of Questions From Senate Banking Committee

Regulators faced the U.S. Senate Committee in the collapse of Silicon Valley Bank and Signature Bank as the banks to address risk

StockNews.com · Mar 28, 2023

Why These 3 High Volume Financial Stocks Are Not Worth Buying

Volumes have soared with bottom fishers expecting gains through the residual value of sunken financial stocks Credit Suisse (CS), First Republic (FRC), and Silvergate (SI). However, with deflating asset prices amid increasing interest rates, it would be wise to avoid them altogether. Continue reading….

Zenger · Mar 28, 2023

One Of The Best Traders In Congress Sells Shares Of Distressed Regional Bank On Day Of Stock Crash

Several banks have collapsed in 2023, including Silvergate Capital, Signature Bank and Silicon Valley Bank, unit of SVB Financial

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