The Latest Breaking News on Financial Services

A three day strike of more than 2,000 London bus drivers has been called off after a last-minute pay offer.

Prosecutors on Wednesday moved to confiscate $5.4 million from a U.S. bank account belonging to Russian businessman Konstantin Malofeyev, who Washington has accused of financing separatists in eastern Ukraine and Crimea and imposed sanctions on him.

HSBC has said that around 100 staff could leave the bank as a result of plans to axe 114 UK branches from April next year.

Despite widespread market volatility and rising recession fears, the U.S. economy looks resilient enough to deal with a palpable growth slowdown. Experts are hopeful that the broader markets will stabilize eventually. Amid this, investors should exercise caution and consider adding fundamentally strong and defensive stocks Altria Group (MO) and Sprouts…

Jerome Powell warned there ‘was more ground to cover’ and rates would stay higher for an extended period

The Fed’s aggressive monetary policy stance created immense recession fear until the inflation showed signs of cooling down in October, and the policymakers hinted at a slower pace of rate hikes. Amid such an uncertain macroeconomic scenario, investors could consider buying safe-haven stocks Johnson & Johnson (JNJ), The Coca-Cola Company…

People are increasingly falling victim to fraud on the payment service Zelle, lured by scammers impersonating bank officials via text message or phone call — and in response to the prevalence of fraud, some banks are responding with a plan to reimburse scammed customers.

Police are keen to speak to a woman in connection with their investigation

Economists warned that growth momentum may ease in the December quarter due to higher interest rates, slowing exports.

Michael Roberts struggled with a gambling addiction and had debts

What HSBC branches are closing across London and when?