The Latest Breaking News on Financial Services

Aussie 'FinFra': Magic wand for technology trailblazers

Australia faces a deadline for decommissioning the decades-old payments system for handling wages, bills and welfare as the velocity of the economy increases.

AAP · Jul 12, 2024

Mixed Profits At US Banks Amid Weaker Signs From Low-income Customers

JPMorgan Chase and Citigroup reported increased second-quarter profits Friday despite somewhat higher costs to account for bad loans in light of greater stress on lower-income customers.

International Business Times · Jul 12, 2024

Wells Fargo Stock Falls Despite Q2 Beat: Buy, Sell or Hold?

Wells Fargo stock is down despite reporting better-than-expected second-quarter earnings results. Here’s what you need to know.

Kiplinger · Jul 12, 2024

Bank Teller Shares Why You Shouldn't Have Over $3K In Your Chequing Account: 'It's Not As Safe As You Think'

Checking accounts shouldn't hold a fortune! They miss out on interest and protections. Break up large sums for better growth and security.

International Business Times UK · Jul 8, 2024

Tax cuts, rates chatter to play into consumer sentiment

Consumer and business confidence surveys are due out this week and are likely to show ongoing weakness to reflect a waning economy.

AAP · Jul 6, 2024

‘It’s very troubling’: thieves use vulnerable man to take out £28,000 bank loan

Metro Bank faces questions over safeguards and why victim was allowed to borrow such a big sum

The Guardian - UK · Jul 6, 2024

Nation’s largest bank Chase threatens to charge for checking accounts if government caps fees

Under the proposed government regulation, credit card late fees could be capped at $8 and overdraft fees could be capped at $3

The Independent UK · Jul 5, 2024

Major mortgage lenders chopping rates as competition heats up

Halifax, HSBC UK, Barclays, Santander and NatWest are among those to have made rate cuts this week, or outlined plans to do so.

The Independent UK · Jul 4, 2024

'Deep flaws' in ASIC enforcement prompt calls for split

A bloated remit and chronic under-resourcing at Australia's corporate watchdog have been canvassed in a scathing parliamentary report.

AAP · Jul 3, 2024

£235m expected to be withdrawn from ATMs as voters go to polls on Thursday

The predicted ATM withdrawal total is expected to be lower than it was on December 12 2019, when the last general election was held.

The Independent UK · Jul 3, 2024