Financial Industry News
A collection of Financial latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0727 GMT – Close Brothers said the total cost of a redress plan stemming from a probe into car loan agreements is…
IMF Panics, Warns Tokenization Could Bring Crypto Risks Into Global Financial Markets
Tokenization could reshape finance by enabling instant settlement and cutting out intermediaries, and introduces new risks that regulators are not yet equipped to manage, the IMF said. Tokenization could amplify volatility through automated markets…
Rough Markets Create a Windfall for Virtu Financial
Turbulent times for investors have been a boon for trading firm Virtu Financial. Shares in the market maker closed at an all-time high Tuesday after six consecutive days of gains. It's up 43% year-to-date and 8.4% already in April. “When…
Close Brothers says £320m car finance hit can be 'comfortably absorbed'
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Close Brothers has said it can…
ABC finance expert divides with bold proposal to fix childcare crisis
READ MORE: ABC star reveals new scam that Aussies need to know about One of Australia's leading finance gurus has urged the Albanese government to nationalise the childcare industry and make education free for all under-5s. ABC presenter Alan…
Jefferies discloses $42.8M writedown from Market Financial Solutions collapse (JEF:NYSE)
Jefferies Financial (JEF) said its Q1 results included a gross mark-to-market loss of $42.8M associated with Market Financial Solutions, the property lender that collapsed in February amid allegations of financial irregularities. The company said…
Market volatility has only limited impact on financial companies: regulator
Market volatility caused by the monthlong crisis in the Middle East has been delivering a limited impact on financial companies, the financial regulator said Wednesday, adding that it is still closely monitoring risk factors. The Financial Services…
Close Brothers says £320m car finance hit can be 'comfortably absorbed'
Close Brothers has said it can “comfortably” swallow up costs of around £320 million to compensate people mis-sold a car loan, sending its share price up sharply. Shares in the lender were up by nearly a fifth on Wednesday…
Close Brothers Says It Can Handle Costs of UK Motor Finance Plan
Close Brothers Group Plc said it's adequately covered against the estimated cost related to the misselling of car loans, marking a boost for the London-listed firm after short-seller Viceroy Research claimed its provisions for compensation were too…
Major bank to quit UK over 'unfair' car finance bill as millions to get £829
A FURIOUS bank has vowed to pull its business out of Britain in reaction to the car finance compensation scheme. FirstRand is set to pay out £750million in compensation this year to those who were mis-sold car finance through its firm…
US households see their finances deteriorating amid rising gas prices
More US households anticipate they'll be financially worse off in the year ahead as gas and food prices creep higher, according to the New York Federal Reserve's March survey of consumer expectations. Across the board, consumers' feelings soured…
UK-Backed Financier Draws Ghana Pension Cash to Fund Small Firms
One of Ghana's largest private pension funds has backed a British-led initiative to finance small businesses, signaling a gradual shift away from government bonds and toward private enterprise in the African nation's retirement-savings industry.
Inaugural Leadership of Canadian Sustainable Finance Taxonomy Announced
Establishment of new Taxonomy and Transition Planning Council a major step toward securing Canada's competitiveness in global contest for sustainable capital OTTAWA, ON, April 8, 2026 /CNW/ - Today, an independent Appointment Committee led by Kathy…
Why Better Home & Finance Holding Stock Trounced the Market on Tuesday
Better Home & Finance Holding (BETR +11.10%) continues to accumulate financial resources for its core activity, and investors were there for it on Tuesday. They collectively lifted the stock's price by over 11% that trading session, which easily…
Amanda Parker on the fragility of commercial theatre finances
Apr 8, 202608:00 by Amanda Parker Diamonds and Dust at London's Emerald Theatre The list of creditors for collapsed burlesque show Diamonds and Dust illustrates the high-stakes gamble of commercial theatre and its tight margins, writes Amanda…
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