The Iranian newspaper Kayhan is reporting that the Asian Clearing Union (ACU), a group of nine central banks which includes India, Pakistan, and Iran, will launch a new cross-border financial…

Warren Buffet exited two positions with US banks last quarter, as he raised his commitment to Bank of America (BAC), and bought new stock in Capital One (COF). According to filings, Buffet’s…

In a pattern reminiscent of the fall of US lender First Republic, US PacWest Bancorp has returned to the news, after it saw its stock price plummet on revealing that…

According to a new European Central Bank survey released on Tuesday, Eurozone banks have significantly curtailed lending as borrowing costs continue to soar. The rate at which credit standards are…

Goldman Sachs Group will pay $215 million as part of a settlement of a long-running class-action lawsuit which alleged the financial institution has engaged in widespread discrimination against women in…

On Saturday, Bloomberg reported that Warren Buffet, the billionaire head of Berkshire Hathaway, has hammered the officials in charge of failed US lenders, demanding they be held accountable for the…

Nearly half of the 4,800 banks in the United States have burned through their capital buffers, and are now nearly insolvent, according to a new report in the Telegraph, which…

A new Gallup poll published Thursday shows that almost half (48%) of American citizens worry about the safety of their bank deposits. Coming a month after the collapse of tech-startup…

US government officials are investigating whether “market manipulation” may have been behind the recent volatility in US banking stock prices, according to a new Reuters report on the matter. Following…

Regional lender PacWest Bankcorp has confirmed it is in talks with potential partners and investors as it explores strategic options to maximize shareholder value, following a stock rout which saw…