The Latest Breaking News on Financial Services

U.S. Trustee moves for independent examiner in FTX bankruptcy

The examiner would likely produce a large and independent report from a perspective the trustee describes as a "true neutral."

Axios · Dec 2, 2022

Consumers now safer from dodgy lenders

A crackdown on rogue lenders will protect vulnerable consumers struggling to make ends meet, advocates say.

AAP · Dec 2, 2022

Supreme Court leaves student debt relief program on hold after Texas judge blocked it

More than 16 million people had already been approved for student loan debt relief by the Education Department when a federal judge in North Texas struck down the plan last month.

The Texas Tribune · Dec 1, 2022

Supreme Court will take up Biden’s student loan forgiveness plan

Republican-backed legal challenges have blocked president’s plan as fate rests with nation’s high court

The Independent UK · Dec 1, 2022

The 3 Worst Stocks to Buy in a Bear Market

Amid high prices and aggressive rate hikes, consumer confidence has declined for November. Moreover, several banks expect volatile economic conditions for 2023. Also, a recession hitting the U.S. economy seems likely in the coming year. Therefore, investors might avoid fundamentally weak stocks Carvana (CVNA), Opendoor Technologies (OPEN), and Skillz (SKLZ).…

StockNews.com · Dec 1, 2022

Chicago Fed names ex-Obamba adviser Goolsbee as next leader

Austan Goolsbee, who was a top economic adviser to President Barack Obama, has been chosen as the next president of the Federal Reserve Bank of Chicago, the regional Fed bank announced

The Independent UK · Dec 1, 2022

Cook County Land Bank Authority to hire lawyer for beleaguered county agency

The move comes as an outside review by a former judge, Patricia Brown Holmes, wrapped up, and the agency hires its third leader since June 2021.

Chicago Sun-Times · Dec 1, 2022

Branches of Indian banks in overseas can deal in financial products not permitted in domestic market

MUMBAI: The Reserve Bank on Thursday allowed with certain riders foreign branches and subsidiaries of Indian banks to deal in financial products that are not specifically permitted in the domestic market.

The Times of India · Dec 1, 2022

RBI comes out with four-tiered regulatory framework for urban cooperative banks

MUMBAI: The Reserve Bank of India (RBI) on Thursday announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs).

The Times of India · Dec 1, 2022

Tesco changes Clubcard scheme for millions of customers ahead of Christmas

Shoppers who use Tesco's new app will get coupons more frequently

Manchester Evening News · Dec 1, 2022