The Latest Breaking News on Financial Services

The number of unemployed grew by 82,000 in the three months to August and Barclays seeks to cut costs after profits dip

Third-quarter profits down 4% on a year ago as growth in net interest income from UK retail business stalls

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