The Latest Breaking News on Financial Services

Carvana Shares Drop Sharply Amid Creditor Deal, Bankruptcy Rumors

Shares of the car vending machine company have gone off a cliff, down 97 percent this year from a high of $376.

Motor1 · Dec 8, 2022

Mortgage ‘summit’ to discuss payment support for homeowners next year

Chancellor Jeremy Hunt met banking CEOs along with Martin Lewis and the FCA to discuss the issue.

Daily Record · Dec 8, 2022

Emboldened House Republicans to bring ESG scrutiny, experts say

WASHINGTON — Now that they’ve gained control of the House in the next Congress, Republican lawmakers will launch a slew of congressional inquiries into environmental, social and governance issues, according to legal and financial experts.

Tribune News Service · Dec 8, 2022

Christmas party cancellations ‘near Omicron level’ as UK rail strikes loom – as it happened

Hospitality bosses say 30% of bookings have been called off, with rail workers’ walkouts predicted to wipe £1.5bn from revenues

The Guardian - UK · Dec 8, 2022

Lebanese banks battered by meltdown struggle to survive

The banking sector in Lebanon has been struggling since the country’s economic meltdown began in October 2019

The Independent UK · Dec 8, 2022

Monte dei Paschi: how far did Italy go to draw a line under its troubled bank?

After 15 years of scandal and state aid, Rome was prepared to bend the rules to ensure the world’s oldest lender could be safely sold off

Financial Times · Dec 8, 2022

Florida lawmaker who was sponsor of 'don't say gay' bill is indicted on wire fraud, other charges

TAMPA, Fla. — State Rep. Joe Harding, a Republican from north Florida, was indicted Wednesday on charges of money laundering and wire fraud after a federal grand jury said he falsely claimed two inactive businesses of his had employees in order to get coronavirus-related loans.

Tribune News Service · Dec 8, 2022

Analysts see Fed rate hike of 0.5%

Analysts expect the Federal Reserve to raise interest rates by 0.5% in the middle of this month, putting pressure on stocks, gold and oil to continue their freefall.

Bangkok Post · Dec 8, 2022

Reserve Bank review ‘will be relevant’ to Philip Lowe’s chances of a second term, Chalmers says

Treasurer says it is not a ‘performance review’ but will ‘feed into our thinking’ about RBA leadership

The Guardian - AU · Dec 7, 2022

Florida Republican behind ‘Don’t Say Gay’ bill indicted for money laundering and wire fraud

A federal grand jury indictment alleges Joseph Harding fraudulently applied for Covid-19-related government loans

The Independent UK · Dec 7, 2022