The Latest Breaking News on Financial Services

The Enforcement Directorate (ED) investigation into the money laundering aspect of the Karuvannur Service Cooperative Bank scam will have a bearing on the Communist Party of India (Marxist) [CPI(M)], the Congress, and the Bharatiya Janata Party (BJP), especially in the Thrissur parliamentary constituency, and perhaps wider, as the Lok Sabha…

They are not for everyone but can reap rewards if handled in the right way

The challenger bank said the move will mean customers do not need to move money into separate accounts to earn interest.

Police have arrested two men in Sydney for their alleged involvement in a credit-card skimming syndicate that spans four continents.

DoJ says Washington Trust engaged in redlining, the racist policy of banks blocking people of color from getting mortgages

Amid turbulence in the U.S. banking sector, with deposit outflows, credit downgrades, and growing caution among domestic lenders, one could consider venturing beyond borders and investing in resilient foreign bank stocks Erste Group (EBKDY), Banco Macro (BMA), and KB Financial Group (KB) for financial stability. Read more….

Kerala's cooperative banking sector faces corruption allegations, with ED probes against CPI(M) leaders. Congress and BJP see political opportunity, as sector is crucial to livelihoods of many. Kandala Cooperative Bank in Thiruvananthapuram accused of loan fraud, nepotism, etc. Opposition leader claims more scams to emerge. CPI(M) blames Congress and BJP…

Amid the growing challenges of ratings downgrades by top credit rating agencies and higher deposit costs, it could be wise to look beyond borders and buy fundamentally strong foreign banking names Commerzbank (CRZBY), Intesa Sanpaolo (ISNPY), and Banco BBVA Argentina (BBAR), which have delivered impressive returns. Read more….

August saw a combination of Wilko tumbling into administration alongside other outlets holding traditional end-of-summer sales.