Financial Industry News
A collection of Financial latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
City minister accused of ignoring £2bn car finance tax loophole
The City minister, Lucy Rigby, has been accused of snubbing taxpayers after she appeared to brush off concerns about a £2bn tax loophole benefiting big banks caught up in the car loans scandal. Rigby was urged to intervene by a member of the…
Hana Financial to pour W18tr into productive finance
Hana Financial Group said Sunday it will commit about 18 trillion won ($12.3 billion) in 2026 to expand “productive finance,” a policy priority of the Lee Jae Myung administration aimed at channeling capital into…
Stablecoins: A Quiet Revolution In Finance
With geopolitics taking centre stage, the seismic tremors of Stablecoin activity go largely unnoticed. Stablecoins sit at a fascinating intersection of finance and technology. They promise the speed and programmability of cryptocurrencies with the…
Asset Manager Warns That OpenAI Is Likely Headed for Financial Disaster
Just over three years ago, OpenAI opened the floodgates with the launch of ChatGPT. The frantic industry-wide race that followed has resulted in soaring valuations for AI companies, tens of billions of dollars invested in data center infrastructure…
Trump's Huge AI Project Is Running Into a Major Financial Problem
It's 2026, and tech companies continue to insist they need to spend staggering amounts of money on AI data centers. Yet for all of its enthusiasm over the past few years, Wall Street is finally starting to squint at the numbers. According to new…
:max_bytes(150000):strip_icc()/GettyImages-894469018-6de9646e3df1459d905950cf2f920b61.jpg)
55-64 Year Olds Retirement Savings Analysis Reveals Surprises About Their Financial Readiness
Americans ages 55-64 hold an average of $8,000 in savings—more than most of their younger peers, but less than their older counterparts. Financial experts emphasize that retirement may last 30-plus years, making it crucial to keep investing…
Top honours for OECD head and former finance minister Mathias Cormann
Despite being one of the Coalition's most famed numbers men, even Mathias Cormann could not have calculated how grand his Australian journey would be after arriving as a fresh-faced law graduate from Belgium 30 years ago. Cormann's career took him…
Your Financial Future Starts Now: Why Wealth Management Support Makes a Difference
The start of a new year often ushers in a desire to reevaluate goals, reflect on life changes, and set expectations for the year ahead. When it comes to financial health, regular checkups are essential to maintaining a strong foundation. Working…
Banking Experts Call For Robust Export Finance
Nellore: Banking professionals underlined the need for robust export finance, supply chain liquidity, and simplified EXIM banking solutions at a foreign trade seminar organised by the Aadharsh Chamber of Commerce and Industry (ACCI) in partnership…
Martin Lewis shares rare car finance payouts update to all drivers
Martin Lewis has issued a simple message to UK motorists Martin Lewis has issued a rare update on the future of car finance compensation payouts, admitting motorists could receive their cash by the end of this year. Road users who took out car…
Trump housing finance chief OKs more mortgage spending and adds risk for government-backed lenders
WASHINGTON (AP) — President Donald Trump's federal housing finance director, Bill Pulte, quietly granted government-backed lenders the authority to nearly double a $200 billion bond purchase that Trump ordered to try to lower mortgage rates…
MYX Finance Price Jumps 22% as Bulls Reclaim $6.45 - Is $10 Next?
MYX Finance price is back in focus after a sharp upside expansion, pushing it to fresh interim highs above $7. The rally has effectively flipped the prior breakout level near $6.45 into support, shifting the short-term structure in favor of bulls.
Bank of England warned to have plan for inevitable financial chaos if alien existence is confirmed
The Bank of England was advised to create a plan for the inevitable financial chaos that will result if and when world governments disclose the existence of aliens, according to a report. Former senior financial security analyst Helen McCaw sent a…
How hedge funds are tapping prediction markets and their data for an edge
Despite the occasional headline about big payouts from prediction market gamblers, hedge funds have mostly avoided the nascent space. Trading on platforms like Kalshi and Polymarket specifically is often not worth it for many funds, which require…
Despite financial strain, public sector discoms clear power dues faster than private utilities
The findings come amid growing concerns over the financial health of public sector discoms in the country's power sector. A majority of state-owned utilities continue to incur losses and rely heavily on borrowings to finance their operating…
Receive a Daily briefing on Financial Industry News
Get Started