The Latest Breaking News on Financial Services

(This Dec. 19 story has been corrected to fix debt figures in first chart)

Many small businesses that received federal pandemic aid are now on the hook for repayments, and some say the timing couldn't be worse.

In the past five years, the number of bank branches has dropped 30 per cent. While growing numbers of Australians are doing their banking online, the local bank remains a vital service for many isolated regional communities.

Although aggressive rate increases put pressure on other industries, the financial sector, which includes insurers, usually benefits from it. With the Fed expected to keep the rates higher through next year, it could be prudent to buy fundamentally strong insurance stocks The Hartford Financial Services (HIG), CNA Financial (CNA), and…

A new report raises serious questions about Rep.-elect George Santos' résumé.

Derivatives and shorting are a lesser-understood tool getting more shine in the current bear market.

The pilot scheme in 28 branches recycles bank cards into plastic pellets and is expected to last for up to six months.

In Philadelphia, about a third of owner-occupied homes were valued at less than $125,000 in 2021. But that year, only about 2% of mortgages made in the city were the type generally used to purchase properties in this segment of the market, according to an analysis by the Federal Reserve…

The news comes ahead of the launch of a £200m investment fund by the bank in 2023

City bankers may soon be able to receive unlimited bonuses after the Bank of England today announced plans for a consultation on scrapping the so-called ‘bonus cap’.

Lending firm Updraft today became the latest London fintech to ramp up its expansion plans after it completed a £108 million debt and equity raise to scale up operations.