Financial Services Industry News
A collection of Financial Services latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Council Post: What Businesses Can Learn From The Financial Services Industry Contending With Artificial Intelligence
Tom Padgett is President of the Smarsh Enterprise business, which serves large global banks and financial services organizations. Many companies are grappling with how to deal with artificial intelligence. However, given the regulatory scrutiny of…
Peoples Financial Services Raises Quarterly Dividend by 50%
Peoples Financial Services said it is increasing its quarterly dividend by 50%, to 61.75 cents. The company on Friday said that its board of directors approved raising the quarterly payout to shareholders to 61.75 cents from 41 cents. Peoples…
PNC Financial Services Group Inc. stock rises Friday, still underperforms market
Shares of PNC Financial Services Group Inc. PNC inched 0.67% higher to $181.21 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.11% to 5,459.10 and the Dow Jones Industrial…
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. 0752 GMT – NatWest shares jumped around 8% in early exchanges after the U.K. high street lender posted…
Global Funding To Financial Services Slowed Down In The Past 5 Quarters
Global funding to private companies in financial services — a leading sector for investment — has slowed significantly in the past five quarters. In the second quarter of 2024, financial services companies raised $9.7 billion, up a…
Beyond passwords: Biometric authentication in financial services
Continuous advancement in digital technology is causing a whirlwind of changes in the Indian financial services industry. Smartphone-enabled mobile wallets and quick loan approvals are just two illustrations of how technology is democratizing…
Peoples Financial Services: Q2 Earnings Snapshot
SCRANTON, Pa. (AP) — SCRANTON, Pa. (AP) — Peoples Financial Services Corp. (PFIS) on Thursday reported net income of $3.3 million in its second quarter. The Scranton, Pennsylvania-based bank said it had earnings of 46 cents per share.
Alpaca extends partnership with Citadel to unlock Japanese investor demand for US markets
Alpaca, an API-focused brokerage that operates a modern infrastructure for stocks, ETFs, and options trading and serves hundreds of financial services businesses globally, and Citadel Securities, a leading global market maker, have extended their…
Intern's leaked video exposes chaotic management at leading Chinese brokerage
The company said it would strengthen internal management and introduce disciplinary actions to ward off such leaks in the future. At least two documents about clients' fundraising plans were contained in the short video clip of a university student…
The best money market mutual funds July 2024
If you're looking to earn a competitive interest rate on your cash in a relatively low-risk investment, you might want to consider money market mutual funds. With yields generally superior to big brick-and-mortar banks and competitive with…
Crypto Chronicles: Marathon's Major Bitcoin Bet, BlackRock's Ethereum Expansion, and Key Market…
This week in the cryptocurrency world, we've seen significant developments ranging from major corporate acquisitions to key regulatory updates and new technological breakthroughs. Here's a comprehensive look at the top stories shaping the crypto…
Transaction in Own Shares
• • • • • • • • • • • • • • • • Shell plc (the ‘Company') announces that on 26 July, 2024 it purchased the following number of…
Revolut Granted UK Banking Licence
Revolut, the British digital bank, has secured a banking licence from the Prudential Regulation Authority (PRA) in the United Kingdom after a three-year wait. This means the London-based fintech giant will soon be able to hold customer deposits…
Bajaj Finance outperforms competitors on strong trading day
Bajaj Finance Ltd. 500034 shares rallied 2.11% to 6,789.40 Indian rupees Friday, on what proved to be an all-around great trading session for the stock market, with the BSE SENSEX Index 1 rising 1.62% to 81,332.72. Bajaj Finance Ltd. closed…
How to Make LED Bulbs Last Longer
LED bulbs are a far more cost-efficient, environmentally-friendly option than traditional incandescent bulbs. With a life expectancy of 20 years or more (25x longer than incandescent), the energy savings from LED bulbs will more than make up for…
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