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. 0818 GMT – Shares in HSBC Holdings plummet after the London-based bank missed expectations for its banking net…
Intact Financial Corp. stock falls Tuesday, underperforms market
Shares of Intact Financial Corp. IFC dropped 0.33% to C$262.73 Tuesday, in what proved to be an otherwise all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.63% to 36,171.49. Intact…
Manulife Financial Corp. stock rises Tuesday, outperforms market
Shares of Manulife Financial Corp. MFC inched 0.97% higher to C$63.20 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 0.63% to 36,171.49. Manulife…
Financials Down as Traders Hedge on Fed Move -- Financials Roundup
Shares of banks and other financial institutions slipped as traders hedged their bets on the Federal Reserve's next move. Fed funds futures market assign a roughly 93% chance that the central bank will keep rates unchanged. Some strategists said…
4 in 10 say personal finances worsening: Survey
Four in 10 Americans say their personal finances are deteriorating, according to a new poll released shortly before November's midterm elections. In the NPR/PBS News/Marist Poll, 40 percent of people said their “personal family…
Hackers target FEC system, disrupting campaign finance disclosures
The U.S. Federal Election Commission's website has been targeted by a hacker or hackers, according to an email seen by Reuters, disrupting the agency's electronic filings system a week before the midterm elections. In a statement, the FEC said, 'at…
RBI's Gupta Says Emerging Markets Must Bolster Domestic Finances
Emerging markets, including India, need to strengthen their finances and build buffers against volatile foreign capital, Reserve Bank of India Deputy Governor Poonam Gupta said Tuesday. “External flows are, for most part, fickle,”…
What High-Net-Worth Clients Truly Value In A Financial Partner
Sergey Stopnevich, founder of Wise Wolves Corporation. In wealth management, we often define service quality by what we offer: investment opportunities, dedicated relationship managers, advanced technology and exclusive privileges. However, from…
Banks Eye $21 Billion of Bonds for Broadcom Chip-Financing Deal
Banks are planning to sell as much as about $21 billion of high-grade bonds as soon as early next year as part of a $63 billion funding package that Broadcom Inc. has pulled together to help finance chips for AI developer Anthropic PBC. Bank of…
Oakland arts school abruptly shuts down as finances left officials 'no choice
A locally cherished East Bay industrial arts school abruptly announced its indefinite closure last weekend, upending classes and events for thousands of students. Staff and faculty at the Crucible, an arts school and nonprofit organization in West…
UMB Financial to Acquire El Dorado Savings Bank for $506M
UMB Financial has agreed to acquire El Dorado Savings Bank in a cash-and-stock deal valued at about $506 million that will strengthen UMB's brand presence on the West Coast. The financial services company on Tuesday said it would acquire the…
Labour's Finance Gurus Are Both Worth Listening to
When Andy Burnham sought the UK premiership in the summer, he corralled two finance heavyweights to bolster his credentials — Jim O'Neill, an ex-Conservative minister and Goldman Sachs Group Inc. alumnus, and former Bank of England Chief…
Returns on ethics: A new compass for global finance in an age of debt and inequality
As the world moves closer to the 2030 deadline for achieving the United Nations Sustainable Development Goals (SDGs), a troubling reality is becoming increasingly difficult to ignore. Global wealth continues to expand, financial markets reach…
Acrobatic Pastor's Secret Obsession Drives Boo Junfeng's 'Trinity' at Tokyo Gap-Financing Market
A celebrity preacher who performs daredevil stunts for his congregation while hiding his fixation on a young follower sits at the center of “ Trinity,” the new feature from director Boo Junfeng, which is among the projects at this…
How often should you update your financial plan?
A financial plan can give you a framework for everything from managing monthly expenses to saving for retirement, but the assumptions behind that plan won't necessarily stay the same for long. Your income can change, unexpected expenses can emerge…
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