Financial Industry News
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Manulife Financial Corp. stock falls Friday, underperforms market
Shares of Manulife Financial Corp. MFC slid 0.39% to C$53.20 Friday, in what proved to be an all-around down trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.22% to 33,891.18. Manulife Financial Corp.
Financials Up as Private-Credit Worries Ease -- Financials Roundup
Shares of banks and other financial institutions rose as private-credit fears continued to dissipate. Ares Management shares rose after the private-credit manager posted an in-flow of capital, raising a record $30 billion during the first quarter.
Less financial stability, smaller social safety nets: inside the gen Z investing boom
Ambrico Ranginui first heard of cryptocurrencies when he was 12 years old. By the time he was 16, he had saved enough from birthday gifts and his allowance to invest. “Growing up in a single mum household, it made me quite a determined…
Private credit turns to financial alchemy as an antidote to 'peak anxiety
Ghosts of the 2008 financial crisis are haunting Wall Street as private equity firms are pooling and repackaging troubled corporate debt in a bid to raise liquidity. Redemptions from private credit funds have been spiking on fears of potentially…
Regions Financial Corp. stock underperforms Friday when compared to competitors
Shares of Regions Financial Corp. RF slid 1.26% to $28.19 Friday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.29% to 7,230.12 and the Dow Jones Industrial Average DJIA falling…
Major airline shuts and cancels all flights after plunging into financial chaos
A major airline has closed down and cancelled all flights after plunging into financial difficulty. Spirit Airlines, an ultra-low cost airline that once operated hundreds of daily flights on its bright yellow planes and employed about 17,000 people…
MFA Financial Inc. stock outperforms competitors on strong trading day
Shares of MFA Financial Inc. MFA rallied 1.37% to $10.39 Friday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.89% to 25,114.44 and the Dow Jones Industrial Average DJIA…
Billionaire Illinois Gov. JB Pritzker would not fully self-finance a 2028 run
Illinois Gov. JB Pritzker may be a billionaire, but should the Democrat run for president in 2028, he would not fully bankroll the bid, NBC News has learned. Two people involved in discussions around Pritzker strategy said while the governor has…
Speech by Vice Chair for Supervision Bowman on artificial intelligence in the financial system
Good morning, it is a pleasure to join you today to discuss artificial intelligence (AI), and the critical role it plays in cybersecurity and risk management. This event is one of a series of roundtables convened by the Financial Stability…
Finance Ministry notifies 100% FDI in insurance sector, amends FEMA Rules
The Finance Ministry on Saturday (May 2, 2026) notified 100% foreign direct investment (FDI) in the insurance sector under the automatic route. While 100% foreign investment will be allowed in insurance companies and intermediaries, including…
Bajaj Finance hikes FD rates for select senior citizen schemes
Non-banking financial company Bajaj Finance has increased interest rates on its fixed deposit (FD) schemes, now offering returns of up to 7.75% for senior citizens. The revision, effective May 1, 2026, comes amid growing demand for fixed-income…
Finance Ministry notifies FDI easing for foreign firms with up to 10% Chinese stake under FEMA
The Finance Ministry has notified a decision to allow overseas companies with Chinese shareholding of up to 10% to invest in India under the automatic route under FEMA, according to a notification. In March, the Union Cabinet approved amendments in…
Scott Bessent: Financial Literacy Unlocks 'Opportunity for Every American'
Treasury Secretary Scott Bessent capped off financial literacy month on April 30, saying that financial literacy unlocks “opportunity for every American.” “We live in the greatest country on earth, and Financial Literacy is…
BayFirst Financial Corp. (BAFN) Q1 2026 Earnings Call Transcript
BayFirst Financial Corp. (BAFN) Q1 2026 Earnings Call May 1, 2026 9:00 AM EDT Scott McKim - Executive VP & CFO Robin Oliver - President, COO & Director Ross Haberman - Rlh Investments, LLC Good morning, ladies and gentlemen, and welcome to BayFirst…
Best Financial Advisors This Month, May 2026: Top Picks to Help You Finish the Year Strong
The best time to find a great financial advisor was six months ago. The second best time is right now. Whether you're starting fresh or ready to level up your current investing situation, this month's picks have you covered. We update this list…
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