The Latest Breaking News on Financial Services

Emerging markets-focused bank records strong performance with profits up by 28%

Banks in Lebanon warned of the “gravity” of judicial accusations leveled against a number of them for “money laundering” and said that this will have repercussions on banking transactions. In a first, a new lawsuit affected an Arab bank operating in Lebanon, which is the National Bank of Kuwait (NBK).…

Westpac says it will postpone closures of rural banks during a Senate inquiry, the second major bank to heed calls to act in good faith.

Richard Pennycook is a former chairman of THG

Airline giant Qantas has swooped into the home loan market in a move likely to draw in travel-hungry mortgagers.

The 15% fall in profits follows costs of US trading blunder and money being put aside for defaults by borrowers

Barclays profits slide on investment bank and litigation woes

The financial sector is not contributing as much to the national economy as it takes out

The Reserve Bank governor has defended robust profits made by banks and says higher rates will eventually start eroding their earnings.