The Latest Breaking News on Financial Services

Commonwealth Bank shares have broken $190 for the first time but weakness in the mining sector has kept the bourse overall little changed.

Steve Eisman, the investor widely known for his role in shorting the subprime mortgage market before the 2008 financial crisis, says the U.S. banking landscape is increasingly consolidating into the hands of a few large banks.

The new account, called Biscuit, offers 2% interest on balances and 2% cashback on bills, plus 7.10% interest on regular savings.

The UK Government’s development bank has revealed the investment plans as part of Sir Keir Starmer’s 10-year industrial strategy announcement.

Rolling coverage of the latest economic and financial news

UK central bank split 6-3 on interest rate decision, and warns that escalating Middle East conflict is pushing up energy prices

Redemption Holding Company has just acquired the Utah-based Holladay Bank & Trust, becoming the first bank to be owned by a Black-led investment group in the Western U.S. This comes two years after their initial announcement, in which the purchase was delayed due to the collapse of Silicon Valley Bank

Owner says it has received expressions of interest as it battles €11bn hostile approach from local rival BBVA

Two-thirds of the biggest 65 banks increased financing by $162bn from 2023 to 2024, walking back climate promises

A lift in share price shows the market expects a deal, but Metro v 2.0 doesn’t need to jump at a takeover at any price

Potential uncertainty for customers and staff as Shawbrook owner Pollen Street Capital sounds out bank’s bosses