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The Latest Breaking News on Financial Services

Ministry urges data updates after welfare roll review

The Finance Ministry has acknowledged discrepancies in government databases and urged applicants to update their information after the number of people qualifying for the 2026 state welfare card scheme fell sharply.

Bangkok Post

Citizens Bank to cut ties with CoreCivic and GEO after a fierce public pressure campaign

Citizens Bank plans to end its financial relationship with two private prison companies, CoreCivic and The GEO Group

The Independent UK

Jamie Dimon's JPMorgan Is Closing In on a Historic Milestone. The World's First $1 Trillion Bank

JPMorgan Chase is on the verge of making financial history as the first bank ever to reach a $1 trillion market valuation.

International Business Times

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Jamie Dimon Backs Philadelphia Navy Yard With $24 Million as US Defense Spending Surges, Says 'The Arsenal of Democracy Has Been Reignited'

Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM), has announced a $24 million initiative aimed at rejuvenating the American shipbuilding industry.

Benzinga

JPMorgan Says Markets Are 'Extremely Risk-On'

JPMorgan Chase & Co. (NYSE:JPM) stock traded higher on Tuesday after the bank reported second-quarter 2026 earnings beat and raised its outlook.

Benzinga

Citigroup CFO Says Bank Is Still Playing Catch-up in Equities

Citigroup, Inc. (NYSE:C) stock rose on Tuesday after the bank reported stronger-than-expected second-quarter results, driven by broad-based growth across its businesses.

Benzinga

Wall Street Volatility Becomes Bank of America’s Gold Mine, Trading Revenue Soars 33%

Bank of America Corp. (NYSE:BAC) reported stronger-than-expected second-quarter fiscal 2026 results on Tuesday.

Benzinga

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Jamie Dimon Delivers Mixed Message: Economy Is Resilient, But Market Risks Are Mounting

JPMorgan Chase & Co. (NYSE:JPM) stock traded lower in premarket trading Tuesday after the bank’s second-quarter 2026 earnings beat failed to lift investor sentiment.

Benzinga

Central bank steps up tracking of suspicious fund flows

The Bank of Thailand has instructed financial institutions and payment platforms to monitor suspicious fund flows as part of its efforts to curb the grey economy, which it views as one of the country's key structural economic challenges.

Bangkok Post

JP Morgan boss pressed by US senator about contact with Jeffrey Epstein

Elizabeth Warren asks Jamie Dimon if he was advised to ‘mildly threaten’ UK chancellor over tax on bankers’ bonuses

The Guardian - UK

Cash deposits over B5m to face mandatory disclosure

Customers depositing more than 5 million baht in cash will be required to disclose the source of the funds from the fourth quarter as part of tighter measures to curb the grey economy and illicit financial activities, according to Bank of Thailand governor Vitai Ratanakorn.

Bangkok Post

New SME lending scheme exceeds B5bn

Lending to small and medium-sized enterprises (SMEs) under the Bank of Thailand's targeted SME Credit Boost measure surpassed 5 billion baht in the first three months following its launch.

Bangkok Post

Greek police arrest 2 people over 2010 fatal arson attack on Athens bank

Greek police have arrested two people in connection with the deaths in 2010 of three people trapped in a bank that was firebombed during a violent protest in Athens

The Independent UK

Switzerland converted military tunnels in the Alps into gold vaults during World War II, hiding its reserves beneath solid rock as Europe descended into war

Switzerland moved its gold reserves into Alpine vaults before World War II. A military ammunition depot became a secure underground treasury for national assets. This decentralization expanded storage capacity and reduced urban risks during the war. The Alps became an integral part of Switzerland's financial infrastructure and defense. New research…

The Times of India

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Bangkok Post

Brokerage: Virtual banks face growth, profitability tests

Kiatnakin Phatra Securities (KKPS), the brokerage arm of Kiatnakin Phatra Financial Group (KKP), expects the combined loan portfolio of Thailand's three virtual banks to reach 200 billion baht in 5-6 years.

The Independent UK

Nationwide named UK’s best brand for customer service as banks overtake retailers for first time

John Lewis and First Direct also strong performers

The Times of India

UAE Central Bank fines foreign bank Dh1.82 million over customer liability letter delay

A foreign bank branch in the UAE has been fined Dh1.82 million for failing to issue a customer's liability letter within the mandated seven-day period. This penalty underscores the Central Bank of the UAE's commitment to consumer protection and enforcing market conduct regulations. The move highlights the importance of timely…

Bangkok Post

Gulf lands $600m international loan

Gulf Development Plc, Thailand's largest energy company by market value and a major telecom operator, has secured a US$600-million loan from international banks, enhancing its global funding options.

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The National (Scotland)

Lloyds customers urged to shut accounts over debanking of left-wing outlet

SUPPORTERS of independent media are being urged to ditch any accounts they have with Lloyds after it emerged a left-wing publication had been…

Radio France Internationale

World Bank drops climate funding target, raising fears for Africa

The World Bank has abandoned its target of directing 45 percent of its financing to projects that help tackle climate change, prompting warnings that poorer countries – especially in Africa – could receive less support to adapt to a warming world.

The Independent UK

Halifax brand to be scrapped after 173 years on high street

Customers will have their accounts changed to Lloyds over time

The Guardian - UK

Halifax to disappear from UK high street as Lloyds axes bank brand after 173 years

Group confirms it will stop opening new accounts under the name and move existing ones to Lloyds

The Independent UK

Barclays buys its Canary Wharf headquarters in £750m deal

The £750 million valuation covers a 999-year leasehold interest, a common form of extended property agreement

The National (Scotland)

'Outrage' as left-wing news outlet 'de-banked without explanation'

A left-wing news outlet has reportedly been de-banked by Lloyds Banking Group without explanation

The Independent UK

Two EY employees charged with accessing bank details of Australian PM Albanese: ‘Incredibly concerning’

Two men, aged 21 and 25, charged with unauthorised access to restricted data

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