The Latest Breaking News on Financial Services

With the big lenders reporting their results this week, investors are trying to stay optimistic and hoping there will be no more crises

City Comment: If some banks can’t compete with the Government, let them merge with those who can, or be repossessed

City Comment: If some banks can’t compete with the Government, let them merge with those who can, or be repossessed

STF cracks massive racket involved in opening 'mule bank accounts' to help cyber/financial fraudsters. Arrests 3 in tri-junction region of Odisha, Jharkhand & West Bengal. Gang offered ₹2K/account to villagers & sold 5000 mule accounts at ₹15-20K. Shield identity of fraudsters & difficult for investigators to reach actual criminal.

Offers of free cash should not be the sole motivation for moving banks, Which? said.

The Justice Department has secured a $9 million settlement with Ameris Bank over allegations it avoided underwriting mortgages in predominately Black and Latino communities in Jacksonville, Florida, and discouraged people there from getting home loans

The merged banking group has posted its first annual financial results.

The bank said more than 200 of its corporate and commercial customers are known to have been targeted in September.

The U.S. banking industry has been facing several headwinds, including slowing loan growth, stricter capital requirements, rising deposit costs and credit rating downgrades. Amid the uncertainty surrounding the U.S. banking industry’s prospects, it could be wise to look beyond borders and buy fundamentally strong foreign banking stocks Barclays (BCS), Agricultural…

City Voices: History has shown that banks cannot be trusted to regulate themselves

Customers who trusted the crooked bank to do the right thing are still out up to $312,000 each, as the latest story in the Sun-Times investigative series shows.