In a bold move, Tom Hayes has filed a lawsuit against UBS, claiming the bank maliciously prosecuted him to divert attention from senior executives in the infamous Libor scandal. After a decade of legal turmoil, Hayes seeks justice and punitive damages.
HSBC has exceeded Q3 profit expectations with a net income of $7.3 billion despite rising operating expenses. The bank's wealth division saw remarkable growth, indicating a strong recovery. Learn more about HSBC's financial strategies and future outlook.
JPMorgan Chase is contesting a staggering $115 million legal bill from convicted fraudsters Charlie Javice and Olivier Amar, claiming their excessive charges are abusive and unjust. The bank argues that the costs go beyond any reasonable defense expenses.
The recent AWS outage raised alarms about global dependence on major tech firms. Users faced disruptions ranging from banking access to losing streaks on apps, reigniting debates on tech reliance and market competition.
A recent wave of fraud cases and bankruptcies is raising alarms about unregulated loans, leading to a sell-off in U.S. banking stocks that is impacting global markets this week.
In a pivotal move for the banking industry, Fifth Third has announced its acquisition of Comerica, creating a financial powerhouse with $288 billion in assets. This merger aims to enhance competitiveness and expand into high-growth markets, signaling a new era for regional lenders.
The Amex Platinum card's annual fee is rising to $895, sparking debate on its value. With new perks aimed at Millennials and Gen Z, is it worth the cost? Find out what consumers think!
In a surprising announcement, the Federal Reserve has cut interest rates for the first time this year. However, experts warn this quarter-point reduction may not immediately impact mortgage or car loan rates as anticipated.
In a gripping turn of events, senators are pushing for a hearing on JPMorgan's long-standing ties with Jeffrey Epstein, raising questions about the bank's oversight and the implications of their financial relationship. As new details emerge, the call for greater transparency intensifies.
In a dramatic legal battle, President Trump appeals a judge's decision to block his removal of Federal Reserve Governor Lisa Cook, the first black woman in the role. The case raises significant questions about Fed independence and presidential power.
