The Latest Breaking News on Financial Services

HUD Investigates HSBC's U.S. Unit Over Redlining Allegations

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

Kiplinger · Aug 7, 2023

Bridgeport bank failure fallout: Ex-city official, second man plead guilty in collapse of Washington Federal Bank for Savings

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.

Chicago Sun-Times · Aug 7, 2023

3 Bank Stocks Investors Should Watch Like a Hawk This Week

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…

StockNews.com · Aug 7, 2023

Windrush pensioner, 92, among overseas NatWest customers to have accounts axed by bank

Exclusive: Philip Cato had thousands of pounds withheld by the bank after it shut his account in clampdown on overseas account holders

The Independent UK · Aug 5, 2023

‘It’s a white-knuckle ride’: UK bank customer reveals how switching accounts is far from simple

Attempts to move current account from Intelligent Finance led to hours of admin

The Guardian - UK · Aug 5, 2023

Buy or Hold for August: Bank of America (BAC) vs. Wells Fargo & Company (WFC)

The Fed’s annual stress test showed that America’s largest banks, including Bank of America (BAC) and Wells Fargo & Company (WFC), were highly unlikely to stumble in a severe recession scenario. Both banks beat the consensus EPS and revenue estimates in the second quarter. So, which of these two banks…

StockNews.com · Aug 4, 2023

NAB defends branch closures, says most customers use phone or online services

National Australia Bank stands in stark contrast to its peers, which put regional branch closures on hold in the wake of an inquiry

The Guardian - AU · Aug 3, 2023

Bridgeport bank failure fallout: Dead CEO’s sister pleads guilty in collapse of Washington Federal Bank for Savings

Over seven years, Janice Weston, vice president of the board of the clout-heavy bank, ordered bank employees to fool federal regulators by backdating loan documents.

Chicago Sun-Times · Aug 2, 2023

Alex Murdaugh co-conspirator sentenced to seven years and $3.5m fine for financial fraud

Former associate allegedly helped Murdaugh steal from law firm clients

The Independent UK · Aug 1, 2023

An accomplice to convicted murderer Alex Murdaugh's financial misdeeds gets seven years in prison

The former CEO of a respected South Carolina bank will spend seven years in federal prison for helping Alex Murdaugh steal nearly $2 million from clients' legal settlements

The Independent UK · Aug 1, 2023