Financial Industry News
A collection of Financial latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Financials Down as Oil Shock Reverberates in Global Markets -- Financials Roundup
'We've broken all technical levels now,' said Lorenzo Di Mattia, manager of hedge fund Sibilla Global Fund. 'The systemic selling started today and has more to go. Absent some sort of resolution in Iran, the path of least resistance is lower.' The…
America is about to be torn apart by a financial tsunami
For millions of Americans, the warning lights were already flashing before oil surged, stocks slid and inflation fears came roaring back. Layoffs were climbing, hiring was drying up, foreclosures rising and families were still grappling with high…
UK finance firm Hargreaves Lansdown hit by IT failure
Richard Irvine-Brown, BBC Technology and James Kelly, BBC Your Voice Thousands of clients of the UK financial services giant Hargreaves Lansdown have reported problems logging into digital services and making transactions. The Bristol-based…
Gilt sell off deepens after worse than expected public finance data
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. Government borrowing costs have hit their highest level…
Retirement investors assume financial pros are held to high standards. That's not always the case.
A new court ruling makes it more important than ever to ask tough questions of anyone trying to sell you any financial product, especially when it comes to your retirement plans. The U.S. District Court for the Northern District of Texas has…
Treasury's Record Interventions Challenge Brazil Financing Plan
The Brazilian Treasury's record interventions in local markets are eating into a liquidity cushion seen as key to managing public debt risks. The cash buffer — built up over recent years to reassure investors that Brazil won't have problems…
Mexico Finance Chief Downplays Fiscal Effects of Oil Turmoil
Mexico's Finance Minister Edgar Amador said the fiscal effects from rising oil prices due to the war in Iran will be neutral.
MFA Financial Inc. stock underperforms Friday when compared to competitors
Shares of MFA Financial Inc. MFA slid 3.95% to $9.48 Friday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP falling 2.01% to 21,647.61 and Dow Jones Industrial Average DJIA falling…
Why Finance's Walled Gardens Are Finally Coming Down
For decades, the financial system has operated like a collection of walled gardens, each governed by its own rules, ledger and infrastructure. When a user moves money between banks, the process requires many intermediaries, including correspondent…
Gilt sell off deepens after worse than expected public finance data
Government borrowing costs have hit their highest level since the 2008 financial crisis as worse-than-expected public finance data compounded a gilt sell-off on worries over soaring inflation and rising interest rates. Yields on 10-year UK…
Ten-Year Gilt Yields Hit Highest Since 2008 as U.K. Public Finances Deteriorate
The figures coincided with worsening concerns about inflation as energy prices remained elevated due to the Middle East war. This has raised the prospect of the Bank of England having to raise interest rates despite a weak economy. Yields on…
How Deregulation, AI Breakthroughs, and New UK Fraud Laws Are Transforming the Future of Financial Services
The financial services sector is undergoing rapid transformation, driven by a wave of deregulation, accelerated adoption of artificial intelligence, and evolving fraud legislation in the UK. These key trends are reshaping the landscape for…
Dispute after report highlights lack of assurance over city finances
A new report highlighting a series of risks and concerns over Nottingham's finances “may as well have been written on the back of a fag packet”, a councillor says. The financial accounts of public organisations, such as councils, are…
Verde Clean Fuels Appoints CEO, Hires Financial Advisor to Review Strategic Alternatives
Verde Clean Fuels named George Burdette as chief executive officer and engaged Roth Capital Partners as financial advisor to help evaluate strategic alternatives. Burdette is currently Verde's chief financial officer, and will also continue in that…
How Paul Auslander Helps Modern People Deal With Modern Financial Problems
In recent years, finances have become an increasingly difficult topic for many people to discuss openly. As prices have risen and more people have faced difficult situations simply trying to make ends meet, the necessity of a financial advisor or…
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