The Latest Breaking News on Financial Services

A political battlefront shapes up in Kerala over cooperative sector corruption

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…

The Hindu · Sep 25, 2023

3 Bank Stocks With Impressive Gains Worth Investor Attention

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….

StockNews.com · Sep 25, 2023

Scam warning for bargain hunters browsing ‘closing down’ sales

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

The Independent UK · Sep 25, 2023

‘Imagine Westminster under water’: stricter tests needed to see how City copes with climate disasters

Sam Woods, head of the Bank’s financial stability watchdog, says lenders have only shown they can survive ‘slow burn’ changes to temperatures

The Guardian - UK · Sep 24, 2023

Bank employee held for gold jewellery theft in Vellore

Police arrested 35-yr-old Venkatesan for stealing 50 sovereigns of gold jewellery from his neighbour's house in Vellore. CCTV footage, chilli powder sachets & tank cleaning evidence led to his arrest. Valuables were recovered from bank locker. Suspect lodged in Central Prison.

The Hindu · Sep 22, 2023

Bridgeport bank failure fallout sees owner of home where bank CEO died found guilty of embezzling $6 million

Marek Matczuk, who said he did odd jobs for Washington Federal Bank for Savings and its employees, was given the money on orders of the late bank chief John F. Gembara.

Chicago Sun-Times · Sep 22, 2023

Are Bank of America (BAC) and PNC Financial (PNC) the Right Picks for Your Portfolio?

The banking sector has been stabilizing after the turmoil hit earlier this year due to the sudden collapses of three major regional banks. However, it remains under pressure following downgrades from top credit rating agencies. Amid this, let’s find out if Bank of America (BAC) and PNC Financial (PNC) are…

StockNews.com · Sep 22, 2023

Alex Murdaugh co-conspirator granted delay to prison sentence – again

Judge told disgraced banker Russell Laffitte: ‘No further extensions will be granted’

The Independent UK · Sep 21, 2023

Bombay HC rejects Mehul Choksi’s pleas challenging proceedings to declare him fugitive economic offender

The Bombay High Court on Thursday rejected all the pleas filed by fugitive diamantaire Mehul Choksi challenging the applications by the Enforcement Directorate (ED) to declare him a fugitive economic offender (FEO) in the multi-crore Punjab National Bank (PNB) scam. The directorate has filed three chargesheets against Mr. Choksi and…

The Hindu · Sep 21, 2023

Bank closures 'sad and frustrating' for rural towns

Junee fought back when the Commonwealth Bank prepared to close the only bank in the NSW Riverina town, an inquiry has been told.

AAP · Sep 21, 2023