The Latest Breaking News on Financial Services

A forensic audit into Lebanon’s central bank by a New York-based company has revealed yearslong misconduct by the bank’s former governor and $111 million in “illegitimate commissions.”

The Bank’s operating profit (which the Bank defines as net profit including provisions and contingencies) grew by 33.46% to ₹300.67 crore from ₹225.29 crore in the corresponding quarter of the previous fiscal year

Australia’s biggest lender posts $10.16bn cash profit even as more of its customers succumb to rising borrowing rates

Regulator to write to more than 20 of largest lenders after Nigel Farage’s accounts were threatened with closure

Nationwide Building Society, HSBC UK and TSB are expected to cut some home loan rates from Wednesday.

Italian bank stocks have plunged after the Cabinet approved a proposal to apply a temporary tax on some 2023 bank profits

Action prompted by a non-profit’s complaint to the agency involving six metro areas.

William M. Mahon was a high-ranking City Hall official under three former mayors and had close ties to the Daley family’s political organization.

The bank industry is expected to grow due to economic recovery, increased consumer spending, and digital transformation. However, risks of potential defaults, and slowing loan growth may pose challenges in the upcoming months. Amid this backdrop, it could be wise to add fundamentally strong banking stocks JPMorgan Chase (JPM), Bank…