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The Latest Breaking News on Financial Services

Edinburgh city centre Bank of Scotland joins list of local branches set to close

The Old Town branch joins the likes of Barnton and Shandwick Place in closing down in the coming months. The difficult decision has been made due to the changing habits of customers

Edinburgh Live

Maharashtra: ED seizes assets worth Rs 6.69 crore in bank loan cheating case

Enforcement Directorate (ED) on Friday attached assets worth Rs 6.69 crore belonging to Kunal Gandhi, partner of Magnum Steels, Mumbai and his family members in a bank loan cheating case. Read further on Dynamite News:

Dynamite News

Credit Suisse takeover hits heart of Swiss banking, identity

Analysts say the UBS takeover of embattled rival Credit Suisse has shaken Switzerland’s self-image and dented its reputation as a global financial center

The Independent UK

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Michael Hiltzik: How Trump's frenzy of deregulation killed Silicon Valley Bank

Late in 2018, two Trump-appointed banking regulators, Federal Reserve Vice Chair Randal Quarles and FDIC Chair Jelena McWilliams, went on a nationwide tour to meet with regional bank examiners.

Los Angeles Times

Building a digital bank with a human touch

Siam Commercial Bank (SCB) is moving towards digital banking services, though the 117-year-old financial institution still believes in a combination of human quality and technological efficiency, describing its strategy as a "digital bank with a human touch".

Bangkok Post

Asian shares gain as bank worries ease

RECAP: Asian stock markets advanced yesterday as investors' focus shifted from worries about the global banking system. That followed a revival on Wall Street, where rate-sensitive property and technology stocks led gains on Thursday.

Bangkok Post

Bank Turmoil Is a Boon for Tech: The No. 1 Tech Stock to Own

With confidence in the banking industry shaken, Bel Fuse (BELFB) is a fundamentally strong stock in the of-late avoided technology sector, to which capital could be redirected for impressive risk-adjusted return. Continue reading….

StockNews.com

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The Week Ahead: What difference will a month with two bank failures make for jobs?

Thirty days ago, few Americans knew what Silicon Valley Bank was or worried about their own bank accounts. Thirty days ago, the Federal Reserve had one fight on its hands: inflation. Thirty days ago, investors were buoyed by decent economic data — but not too strong — supporting confidence the…

Miami Herald

3 Stocks That'll Survive Any Recession

Market experts continue to fear that higher interest rates from the Federal Reserve and the potential for a credit crunch might tip the economy into a recession. Given this backdrop, quality stocks Oracle Corp. (ORCL), Vertex Pharmaceuticals (VRTX), and Humana (HUM) have solid fundamentals that could help them survive a…

StockNews.com

Full list of NatWest, Lloyds, Halifax, Bank of Scotland and RBS branches to close

More than 80 sites across the country are expected to shut between July and November

Insider UK

Silicon slump? How worried should we be about another financial crisis?

The collapse of Silicon Valley Bank has raised the spectre of another financial crisis. As the contagion appears to be spreading, Samuel Fishwick investigates how spooked we should be feeling

Evening Standard

Town to be left with only two banks after NatWest make 'disappointing' decision

The bank confirmed this decision just six months after announcing they would be closing 43 banks across the UK.

Manchester Evening News

ICJ Rejects Iran's Bid to Release Assets Frozen by US

The International Court of Justice (ICJ) has rejected Iran's legal bid to release about $2 billion owned by the Markazi Bank frozen by the US. The Associated Press reported that the largest part of the case focused on Bank Markazi and its frozen assets of $1.75 billion in bonds and…

Asharq Al-Awsat

'I hope this is not a slippery slope of things to follow' - Whitley Bay Natwest branch is third bank set to close in town

Natwest is the third bank to announce closure in Whitley Bay since December 2022.

Chronicle Live

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Nottingham Post

Lloyds announces branch in Carlton among dozens of banks to close

No jobs will be lost

Insider UK

Business confidence continues to rise in Scotland

Scottish companies report higher confidence in their own prospects month-on-month in March

Wales Online

Extinction Rebellion protesters return to Cardiff bank minutes after being fined by court for lock-in there

The Extinction Rebellion protesters displayed the message, 'Barclays are the real criminals' outside a Cardiff city centre branch of the bank, while dressed like prisoners

The New Daily

May budget ‘needs to strike right balance’

Treasurer Jim Chalmers has set the parameters for his 2022/23 budget, laying out eight key priorities for the near and longer term.

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Kiplinger

Stock Market Today: Stocks Rise Ahead of Next Inflation Update

The major indexes notched modest gains for a second straight day.

Axios

In the wake of SVB collapse, the White House is calling for new rules for regional banks

The administration wants to reverse some Trump-era policies

ABC News

Scammers can disguise their number so it looks like your bank is calling — here are red flags to watch for

Your phone says the call is coming from your bank, the caller knows your address and they're using the same language a banker would use, but it feels off. Here's why it might be a scammer.

The Independent UK

Biden pick Ajay Banga cleared to take top job at World Bank

The Biden administration’s choice to run the World Bank — former Mastercard CEO Ajay Banga — appears to have a lock on the job

Al Jazeera

ICJ orders US to pay compensation for freezing Iranian assets

In a blow for Iran, however, the UN court said it didn’t have jurisdiction over frozen assets from Iran’s central bank.

The Independent UK

Yellen seeking more regulation in aftermath of bank collapse

Weeks after the failure of two banks, Treasury Secretary Janet Yellen is planning to call Thursday for tighter financial regulations

Glasgow Live

Glasgow bank branches 'condemned' by closure including Bank of Scotland and Barclays

Multiple bank branches in and around Glasgow are set to shut down as the number of physical banks continues to fall. This include branches for Bank of Scotland, Royal Bank of Scotland and Barclays.

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