The Latest Breaking News on Financial Services

CHARLOTTE, N.C. — Wells Fargo’s Mary Mack, a top executive in Charlotte, will retire this summer after nearly 40 years in the banking industry and navigating a massive scandal at the bank.

The stock market expected to remain volatile due to persistent concerns about high inflation, interest rate hikes, and a recession. However, investors can consider buying a billionaire’s holdings Visa (V) and Canadian National Railway (CNI). Read on to know why.

Bank says hundreds of its staff are set to move to the EQ office building in the city centre

Amid widespread expectations of a recession and uncertainty in the stock market, investing in diversified portfolio ETFs that provide exposure to a broad range of securities might be ideal. Hence, fundamentally strong dividend-paying ETFs Invesco Total Return Bond (GTO), iShares Core Conservative Allocation (AOK), and First Trust NASDAQ Clean Edge…

Governor reveals review of payout policy after failures of Silicon Valley Bank and Credit Suisse in March

A Slovak court said on Thursday it had convicted national bank governor and European Central Bank (ECB) policymaker Peter Kazimir in a bribery-related case and fined him 100,000 euros ($110,200).

Financing options to meet the project's billion-pound budget are now being explored

The UK’s economy showed no growth in February, narrowly avoiding a recession despite decades-high inflation

The closure was one of 15 announced by the banking giant