Good morning. Some calm has returned to financial markets at the end of a turbulent week, but investors remain wary. Asian shares have risen as help for struggling banks, such as the $30bn lifeline for First Republic Bank in the US, has eased banking crisis fears. Large US banks – Bank of America,...

Global stock markets rose on Wednesday, as U.S. consumer confidence rebounded in December, and the dollar regained stability after the Bank of Japan rocked markets with a surprise decision to loosen its grip on government bond yields. Reporting by Lawrence Delevingne in Boston and Amanda Cooper in L...

Even with another part of the U.S. Treasury yield curve flashing recession signals, U.S. stocks aren’t necessarily doomed to fall in 2023, according to James Paulsen, chief investment strategist at the Leuthold Group. Here’s his chart showing why stocks in the next two years could produce po...

Offshore banking is the practice of keeping money in a bank account located in a different country than the account holder’s home country. There are many reasons why people choose to do this, including the potential for tax benefits, asset protection, convenience, security, privacy, and higher int...

In global news this week, WeChat Pay enables instant payments outside China, Mastercard takes a minority stake in Societe Generale subsidiary Treezor, Sella Group tests a fingerprint payment card in Italy, and more. Singapore-based cross-border payment firm Thunes has formed a partnership with China...

Spanish banks are poised to sign up to the mortgage-relief measures that the government proposed on Tuesday to support vulnerable and middle-class families as living costs soar, the head of Spain’s main banking association said on Wednesday. The package, aiming at helping more than one million...

With new opportunities on the horizon, the Thai banking industry could ignite new growth and invigorate its profitability by redefining its meaning and purpose, reinventing its traditional role, and making bold and innovative operational changes. Historically, the Thai banking industry has been crit...

Urgency is building in the Senate to get cannabis legislation passed before the year is over. The specter of a Republican-led House has lit a fire under proponents of cannabis banking legislation, according to three House and Senate staffers involved in discussions on both sides of the aisle. Senate...