The Latest Breaking News on Financial Services

While regional banks like KeyCorp (NYSE:KEY) enjoyed a strong outing during the spring and summer seasons, sentiment started to wane just prior to fall. More recently, KEY stock got caught out amid the wave of volatility that struck the financial subsector. Notably, the SPDR SP Regional Banking ETF (NYSE:KRE) logged…

The bonuses – awarded during the bank’s three years of misconduct – have been condemned as ‘indefensible’ and ‘tone-deaf’, especially given recent job cuts

Shares in France's biggest bank, BNP Paribas, sank more than seven percent in trading on Monday, following a US court verdict late last week finding it liable for atrocities committed in Sudan.

A US jury has held French bank BNP Paribas responsible for helping to sustain Sudan’s brutal regime under deposed leader Omar al-Bashir, awarding damages to victims of its atrocities.

Exclusive: Automated systems have generated ‘cookie cutter’ responses that fail to account for individual circumstances, financial ombudsman says

A federal jury in New York says France's largest bank must pay $21 million for giving the Sudanese government access to the U.S. financial system during a time when the government was engaged in atrocities

First Brands and Tricolor failures raise concerns for wider financial sector, including traditional banks

Regional bank stocks rebounded Friday, clawing back part of the previous day's steep losses as a round of better-than-expected earnings helped ease—but not erase—credit fears that had roiled the sector.

Wall Street is concerned about the health of the nation’s regional banks, after a few of them wrote off bad loans to commercial customers in the last two weeks

Following a temporary lull, the regional bank storm has returned. On Oct. 16, the SPDR SP Regional Banking ETF (NYSE:KRE) tumbled 6.2%, its biggest one-day decline since early 2023.

Signs of credit stress send markets in Europe and Asia down, while investors turn to safe haven assets