The Latest Breaking News on Financial Services

One of the UK’s leading mortgage brokers has called the move a ‘turning point’ for prospective buyers

The ‘big six’ lenders joined the ongoing rate war, following a number of others such as Halifax and HSBC in reducing mortgage prices this year

ED conducts searches at 6 locations linked to NCP MLA Rohit Pawar in money laundering probe connected to alleged Maharashtra State Cooperative Bank scam.

U.S. banks are anticipated to face pressure due to prolonged high interest rates, elevated deposit costs, diminished credit demand, and stringent lending standards. Therefore, it could be wise to look beyond borders and buy fundamentally strong foreign bank stocks Woori Financial Group (WF), Intesa Sanpaolo (ISNPY), and Shinhan Financial Group…

Despite indications of lower interest rates by the end of the year, concerns over asset quality, higher deposit costs, stringent lending norms, and interest rates remaining higher for longer remain for major banks. Considering these factors, let’s assess how M&T Bank (MTB) and JPMorgan Chase (JPM) are positioned to navigate…

The annual growth rate for consumer credit was 8.6% in November, the highest rate since September 2018, according to the Bank of England.

The banking industry displayed admirable resilience and stability in 2023. Amid the banks' efforts to streamline their structures, honing in on core operations – there are projections of higher costs in the short term, inflicting some degree of impact on immediate bottom-line growth. Given this backdrop, quality foreign bank stocks…

The World Bank is working to slash how long it takes to get financing projects off the ground as part of a push to speed up and scale up the 79-year-old development lender, its president told AFP on Wednesday.

HSBC UK is among lenders making cuts to its fixed rates and an expert has suggested others could follow suit.