Latest Financial services News
Liz Weston: 5 ways to simplify and reduce your money clutter
Professional organizers might define household clutter as a pile of unmade decisions. Money clutter is much the same. Those credit cards you no longer use but haven’t closed? That’s money clutter. So is the retirement account you left behind three jobs ago and the financial...
Credit Suisse owes millions to Georgia's billionaire ex-prime minister, court says
LONDON (AP) — Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect the billionaire's money in a trust pilfered by a manager, a Singapore court ruled Friday, the latest scandal for the Swiss bank whose yearslong problems...
Finance committee hands WisconsinEye network $10 million endowment
MADISON, Wis. (AP) — The Wisconsin Legislature's finance committee inserted language into the state budget Thursday that creates a $10 million endowment for the state's C-SPAN-style public affairs network. The Joint Finance Committee voted unanimously to place the money in a fund...
Office landlords squeezed by falling occupancy rates, refinancing difficulties. Here's why
LOS ANGELES (AP) — The failure of several large lenders earlier this year and the banking turmoil that followed have fueled worries for owners of office space such as Boston Properties and Vornado Realty Trust. The sharp runup in interest rates by the Federal Reserve over the past...
Ready for a digital euro? At 25, European Central Bank preps for future of money
FRANKFURT, Germany (AP) — As it marks its 25th anniversary Wednesday, the European Central Bank is readying a proposed design for a digital version of the euro, responding to pressure from developing technology that could change how money is used over the bank's next decades. ECB...
3 ways to pay for your summer vacation
A summer vacation can feel like a seasonal rite of passage — a sacred time to break away from the demands of everyday life in favor of fun and relaxation. But summer can also be an expensive time to travel, which makes it hard to budget enough money for your vacation. ...
Bank of Montreal: Fiscal Q2 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Bank Of Montreal (BMO) on Wednesday reported fiscal second-quarter profit of $778.8 million. The Toronto-based bank said it had earnings of 96 cents per share. Earnings, adjusted for non-recurring costs, were $2.16 per share. The...
New Zealand's central bank raises key interest rate to 5.5% but signals next move will be a cut
WELLINGTON, New Zealand (AP) — New Zealand's central bank raised its benchmark interest rate again Wednesday to 5.5% but signaled its next move would be a cut, sparking a sell-off in the currency. Wednesday's quarter-point rate rise was the 12th straight hike imposed by the Reserve...
Millennial Money: How to pick a socially responsible bank
It has never been easier to open a bank account, especially with the spread of online services, but there has also never been so much choice about where to put your money. If you’re overwhelmed by your banking options, think about your ability to shape social change with your money. Now is a...
Street traders offer a better bargain than stores as Zimbabwe's currency crumbles
HARARE, Zimbabwe (AP) — Festus Nyoni picked out a few items in a supermarket in Zimbabwe’s capital, looked at the prices and knew she was in the wrong place. She abandoned her shopping cart and headed for a nearby street jammed with traders offering bargains in U.S. dollars. From...
