The Latest Breaking News on Financial Services

2023 has been ‘comeback year’ for spending on live events, says bank

Live events have taken centre stage once more in customers’ spending habits, with the average spend at £50 to £60 per month, according to HSBC UK.

The Independent UK · Dec 20, 2023

Austrian RBI acquires 28% of Strabag, reducing Russia exposure

Austrian bank RBI is getting creative in its efforts to reduce its exposure to Russia, taking a 28% stake in construction firm Strabag.

Top News · Dec 19, 2023

Vietnam Property Developer Faces Trial Over $12.5 Bn Bond Fraud

The chairwoman of major property developer Van Thinh Phat will go on trial in Vietnam, accused with accomplices of embezzling $12.5 billion from a bank "for personal purposes", the official government website said.

International Business Times · Dec 18, 2023

NAB chair defends bank's climate pledges at fiery talks

Shareholders have grilled NAB's chairman over the banking giant's commitment to climate change at a heated annual general meeting.

AAP · Dec 15, 2023

Savers miss out as banks exploit 'consumer inertia'

The consumer watchdog says many bank customers are paying the loyalty tax on their savings accounts and could be earning more interest.

AAP · Dec 15, 2023

Former China Cinda Executive Under Graft Investigation

Retired vice president of bad debt management company suspected of ‘serious disciplinary and legal violations’ as crackdown on corruption in China’s finance industry intensifies

Caixin Global · Dec 14, 2023

Under $10 POWR Stock of the Week: Medallion Financial (MFIN)

Since the housing bubble in the late 2000’s the U.S. has enjoyed an almost uninterrupted period of easy money. Financing for anything and everything was freely available from a wide variety of lenders. That came to an abrupt end last year as runaway inflation forced the Federal Reserve to rapidly…

StockNews.com · Dec 14, 2023

Exclusive: JPMorgan's Top Executive Shares Keys to Hispanic & Latino Success

Silvana Montenegro shares highlights about her career, JPMorgan's initiatives to boost Latinos, and how the firm champions diversity

Latin Times · Dec 14, 2023

Banks are leaving charities unable to access their funds

Letter: Leaders from the voluntary sector on the challenges that small organisations are increasingly facing with banking services

The Guardian - UK · Dec 12, 2023

Atlantic Union to Refund Consumers $5M In Overdraft Fees

Atlantic Union Bank must refund at least $5 million to people who were illegally enrolled in checking account overdraft programs, the CFPB says.

Kiplinger · Dec 11, 2023