Savers should be cheering higher interest rates. So why are they unhappy?
When central banks raise interest rates, mortgage borrowers can expect higher monthly repayments, while savers are supposed to be rewarded with bigger returns on their deposits. Or so the theory goes.
2023-07-06 15:55
Britain's banks seek government roadmap to tokenise stocks and bonds
By Huw Jones LONDON Britain's role as a leading financial centre is at stake unless it comes up
2023-07-06 07:19
SVB Financial gets court approval to sell investment bank
A U.S. bankruptcy judge on Wednesday allowed SVB Financial Group, owner of bankrupt Silicon Valley Bank, to sell
2023-07-06 06:53
Bank of America increases dividend by 9% after Fed stress test
NEW YORK Bank of America (BofA) said on Wednesday it planned to increase its quarterly common stock dividend
2023-07-06 05:50
US banks out of favor with European hedge funds, Goldman tells clients
By Carolina Mandl NEW YORK European hedge funds have reduced their exposure to U.S. banks at a fast
2023-07-06 02:57
Canada's financial watchdog releases guidelines to give mortgage holders tailored support
Canada's financial watchdog on Wednesday released new guidelines for lenders aimed at protecting mortgage holders facing high borrowing
2023-07-06 01:55
China bank shares slump in Hong Kong after Goldman downgrades
SHANGHAI (Reuters) -Chinese banking shares listed in Hong Kong tumbled on Wednesday after Goldman Sachs downgraded top lenders including Agricultural
2023-07-05 16:49
Bank of England considers clampdown on foreign bank branches- FT
(Reuters) -The Bank of England is looking at plans to force more international banks to set up subsidiaries in the
2023-07-05 05:59
UK's Hunt backs regulator to ensure banks pass on better rates to savers
LONDON British finance minister Jeremy Hunt gave his backing to the country's financial regulator FCA to ensure banks
2023-07-04 20:45
Central bank surprises see June become bumper 2023 rate hike month
By Karin Strohecker and Vincent Flasseur LONDON The world's major central banks delivered in June the biggest number
2023-07-04 19:29
GIC-Backed $2 Billion Fintech Nium Targets US IPO in Two Years
Singapore payments company Nium Pte aims to break even in time for a US initial public offering within
2023-07-04 09:17
Bankruptcy filings surge in first half of 2023 in US - Epiq
U.S. Chapter 11 bankruptcy filings jumped 68% in the first half of 2023 from a year earlier, Epiq
2023-07-04 05:57