The Latest Breaking News on Financial Services

The US bank may need to raise more funds despite a $30bn rescue last week

Global banking system is under pressure amid row over who should lose out first when a bank struggles

Globally connected Credit Suisse has been taken over by rival UBS at the urging of Swiss authorities to avoid a collapse that could have sent shock waves through the global economy

Although the Fed might opt for a softer stance on the rate hike at the policy meeting this week, the fears of further aggressive rate hikes later this year remain. This, along with the banking crisis, is fueling recession concerns. Therefore, investing in defensive stocks McDonald’s (MCD), Elevance Health (ELV),…

Collapse of Silicon Valley Bank sparks collapse of confidence in markets

NEW DELHI: The government has taken various reforms following which asset quality of public sector banks has improved significantly with gross NPA ratio declining from the peak of 14.6 per cent in March 2018 to 5.53 per cent in December 2022, Parliament was informed on Monday.

Billionaire investor Bill Ackman said Friday that Bank of America will buy Signature Bank on Monday as other banks face peril

Just weeks ago, they were bit players in the giant U.S. banking system. Now, a handful of regional lenders are at the heart of a crisis that’s shaken the country and engaged the likes of Warren Buffett and Jamie Dimon.

The U.S. response to Silicon Valley Bank’s failure can offer valuable insights to China’s banking industry, an economist says

As it stands, things are murky: The cap exists, but it could be waived for banks that seem important enough

Interest rate rises look less likely as turmoil continues in financial sector as wider markets find support