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. 0602 GMT – Bank of Baroda's margin pressure is likely to persist in the near-term, Nomura analysts say in a research…
Intact Financial Corp. stock falls Tuesday, underperforms market
Shares of Intact Financial Corp. IFC dropped 1.85% to C$248.65 Tuesday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.44% to 34,290.73. Intact…
Day Two of the Rickety Coup Smashes Up Financial Markets
The ten-year UK gilt yield briefly hit 5.13%, approaching highs last seen during in 2008. A 3 p.m. gilt market snapshot: 2-year: 4.585% (+11.0bp), prev close 4.475% 10-year: 5.130% (+12.5bp), prev close 5.004% 30-year: 5.806% (+13.1bp), prev close…
Sun Life Financial Inc. stock rises Tuesday, still underperforms market
Shares of Sun Life Financial Inc. SLF inched 0.42% higher to C$96.75 Tuesday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.44% to 34,290.73. Sun Life Financial…
The Productivity Problem Nobody Talks About In Finance Teams
Nick Chandi is the CEO of Forwardly, an award-winning B2B payment platform that helps US businesses send and receive payments faster. Ask any CFO at a growing business what their biggest challenge is, and you will likely hear the same answers: cash…
Bajaj Finance slips Tuesday, underperforms market
Shares of Bajaj Finance Ltd. 500034 slipped 3.43% to 904.00 Indian rupees Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the BSE SENSEX Index 1 falling 1.92% to 74,559.24. Bajaj Finance Ltd. closed…
Carillion finance directors fined and banned by accountancy watchdog
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. Two former finance directors of collapsed firm Carillion…
Financials Up, Recouping Some Private-Credit Losses -- Financials Roundup
Shares of banks and other financial institutions rose, recouping some recent losses as credit-market fears subsided. Private-credit fund managers, who have been volatile due to fears of an exodus from the fund category, finished mixed to higher…
Democrats seize on Trump remarks about Americans' finances and Iran War
President Donald Trump said he is 'not even a little bit' worried about Americans' finances when he's negotiating with Iran on a potential deal. The president reiterated that his biggest concern is the country not obtaining a nuclear weapon. 'Not…
The New Female Economy Is Here, And Financial Advisors Need To Prepare
Angie O'Leary, Head of Wealth Strategies and Solutions RBC Wealth Management–U.S. The economic center of gravity is shifting, and it's happening faster than most people realize. Women across generations are converging at an unprecedented…
Climate Finance in the Multipolar Era
This piece was originally published on CCSI Investment Perspectives, a guest column by the Columbia Center on Sustainable Investment. Amid continuing conflict in the Middle East, geopolitical shifts, and policy changes in Washington, climate…
Prudential Financial Boosts Dividend 3.7%
Prudential Financial has raised its quarterly dividend 3.7% to $1.40 a share, from $1.35 a share. The new payout of $5.60 a year represents an annual yield of 5.5% based on Tuesday's closing price of $102.58. The dividend will be payable on June 11…
Carillion finance directors fined and banned by accountancy watchdog
Two former finance directors of collapsed firm Carillion have been fined and banned by the accounting watchdog for acting “recklessly” in the lead up to the outsourcing giant's high-profile demise eight years ago. The Financial…
BMO to Sell Truck Financing Businesses to Stonepeak - TT
A BMO branch. (Paige Taylor White/Bloomberg) Bank of Montreal agreed to sell its business that finances trucks, trailers and equipment to Stonepeak, offloading a portfolio that totals about C$14.5 billion ($10.6 billion). BMO expects to record a…
What Happened to Fashion's 'New Era' of Climate Finance?
When Lewis Perkins, president of the Apparel Impact Institute, made his pitch for a “fashion climate fund” at the Global Fashion Summit in Copenhagen in 2022, he expected brands to clamor to sign on. Yes, the industry was still…
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