Mortgage Rates Plunge Below 4%
A new mortgage price war has erupted among some of the UK’s largest lenders, driving headline fixed rates below the critical 4% threshold.
Key Players and Offers
HSBC: Premier banking customers can ...
The Digital Dark Age
On an ordinary Friday, the world was thrown into chaos. A single software update from CrowdStrike, a leading cybersecurity provider, triggered a global tech outage. This incident laid bare the vulnerability of our digital infras...
The looming danger
Regional and commercial bank stocks witnessed a significant decline in response to Treasury Secretary Janet Yellen's assertion of inevitable bank mergers, as reported by CNN. This article delves into the details of the market reac...
Earnings season outlook
As the U.S. banking industry braces for its upcoming earnings season, investors are gearing up for a challenging outlook.
According to experts, a tough quarter is expected due to the fallout of the regional banking crisis an...
Insights from the latest US economic report
The latest report from the Commerce Department provides insight into the state of the US economy, with data on inflation, personal income, and consumer spending.
Here's ...
First Citizens Bank cements position as major player in US banking with Silicon Valley Bank takeover
Deal betyween banks
First Citizens Bank, shortly FCB, has recently made headlines with its announcement of the acquisition of Silicon Valley Bank's US operations, following the bank's collapse.
This deal...
Stock market on Friday
The US stock market ended Friday's trading with gains in the utilities, health care and consumer goods sectors.
At the close on the New York Stock Exchange, the Dow Jones was up 0.41 per cent, the S&P 500 was up 0.56 per ...
Exploring the valuable assets held by Signature Bank in the US
The recent collapse of Signature Bank (SB) has resulted in its acquisition by New York Community Bancorp (NYCB), making it the 3rd largest bank failure in US history with asset...
US stock market falls
Stocks ended the week with a decline as investors dealt with persistent banking issues in anticipation of the upcoming Federal Reserve meeting.
The Dow Jones, S&P 500, and NASDAQ Composite all finished the day down. This f...
Top banks
JPMorgan Chase (JPM), Goldman Sachs (GS), Bank of America (BAC) and Citigroup (C) are on the list of banks that made the most money from IPOs, initial public offerings, in 2021. Market analysts say that will change in 2022.
The latest fin...
Dividends and shares
The US banking sector and Wall Street as a whole received a positive signal after stress tests conducted by the Fed for 23 major US banks showed better capitalisation results than required by the ce...
Banks started offering a new type of account
A huge number of consumers are unable to cash a cheque or visit an ATM because they are not customers of ordinary banks.
Consumers are not the owners of bank accounts and the reason for this is the lack ...
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