Forcing more U.S. banks to fund more of their loans and investments with long-term debt and less with deposits, could offer more protection for customers, columnist Liam Proud writes.
Bank of America must face cardholder allegations that it bungled its response to unauthorized transactions on unemployment and disability benefits cards in California during the pandemic, a San Diego judge ruled on Thursday.
British inflation fell in April but by less than expected and it remains above the rate of price growth in the United States and most of Europe, putting pressure on the Bank of England to keep raising interest rates.
Canada's two biggest lenders, Royal Bank of Canada and TD , missed analysts' estimates for quarterly earnings on Thursday as tough economic conditions spurred the banks to make higher provisions for borrowers falling behind on repayments.
As Japan's stock market sits atop 33-year highs last seen during the country's 'bubble" era, investors are bullish that the rally in the world's third-largest market has only just begun.