The Latest Breaking News on Financial Services

By recording a growth of 26.18% compared to the previous financial year, Karnataka Vikas Grameen (KVG) Bank, a leading regional rural bank, has posted a net profit of ₹40.25 crore during the fiscal year 2022-23.

Intelligent Finance will start closing current accounts from August 1

Tisco Financial Group, a holding company of Tisco Bank, plans to focus on what it considers two businesses related to S-curve industries: auto title loans and corporate banking.

Thirty-one financial institutions control more than 60% of the total money in US banks.

The uncertainty around the U.S. banking industry has led investors to look beyond borders for opportunities. Commerzbank (CRZBY) has seen buying interest from investors lately as the company reported a solid financial performance for the first quarter. With the company predicting a strong year, the stock could continue to perform…

The latest Barclays closures include two Birmingham branches and one in Windsor and they will take place in August in what is another another hammer blow for the struggling high street

Intelligent Finance is currently in the process of contacting customers affected by the change, with the first round of closures taking place this August

The building society confirmed that it will be paying a total of £340 million to its customers next month

The risks pertaining to the U.S. banking system continue to make investors and depositors jittery. However, some foreign banks present an attractive investment opportunity. Given the concerns over the prospects of domestic banks, it could be wise to add fundamentally strong foreign bank stocks Barclays (BCS), Deutsche Bank (DB), and…