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The Latest Breaking News on Financial Services

Australia’s banks are not a source of economic dynamism but a drag on our economic and social welfare

The financial sector is not contributing as much to the national economy as it takes out

The Guardian - AU

Strong bank profits a 'positive', says RBA boss

The Reserve Bank governor has defended robust profits made by banks and says higher rates will eventually start eroding their earnings.

AAP

'Bloody-minded' banks under pressure to halt closures

Major banks are being urged to stop regional branch closures as a Senate inquiry prepares to hold its first hearing in Sale, Victoria.

AAP

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Watch: RBA boss questioned, CBA bumper profit, Children’s cancer breakthrough

Watch: The Reserve Bank Governor Philip Lowe is currently being questioned over consecutive interest rate rises. The Commonwealth Bank has posted a bumper

The New Daily

Bank of Thailand plans responsible lending rules

The Bank of Thailand plans to implement new regulations for responsible lending to curb the country's household debt problem over the long term.

Bangkok Post

Mobile app to drive ttb into top 3 spot

TMBThanachart Bank (ttb) aims to become a top three provider of mobile banking services in 3-5 years thanks to a larger customer base for the merged bank and ongoing development of its digital platform.

Bangkok Post

Commonwealth Bank's half-year profit jumps to $5.2b

Australia's biggest lender has lifted its half-year cash profit by 9 per cent and lifted interim dividend by 20 per cent to $2.10 a share.

AAP

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The latest in the failed Bridgeport bank trial, City Council elections and more in your Chicago news roundup

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

Dead CEO of failed Bridgeport bank in the spotlight as embezzlement trial begins

John F. Gembara, the late boss of Washington Federal Bank for Savings, schemed with attorney Robert M. Kowalski, prosecutors told jurors Tuesday. Representing himself, Kowalski blamed Gembara.

Chicago Sun-Times

Two missing after Queensland mine collapse – as it happened

This blog is now closed

The Guardian - AU

Bank announces £200 new switch deal and raises saving rates

Natwest is also offering to increase the rate of interest on its digital regular saver account

Nottingham Post

TSB bank offering instant £200 added for simple account switch

Here's exactly how to claim all of the money

Manchester Evening News

NAB calls for united front to combat 'spoofing' scams

The National Australia Bank has revealed a 50 per cent drop in "spoofing" as it calls for a more co-ordinated Australian front against scammers.

AAP

'Outrageous': Union criticises Westpac's decision to move Charlestown banks under one roof

Westpac's decision to bring its St George Bank branch at Charlestown under the same roof has been met with criticism from the Financial Services Union (FSU).

Newcastle Herald

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Glasgow Live

OAP Lanarkshire businessman pocketed £50,000 taxpayer backed loan for 'own benefit'

Thomas Whyte applied for the Bounce Back Loan intended to support businesses through the covid pandemic for his dormant company with just £203 in it's bank account.

The Guardian - AU

Interest rates could peak at 4.1% amid sinking consumer confidence in Australia, says NAB

Major bank believes business conditions and confidence are improving as it sets cash rate prediction higher than other banks

AFP

Bank of Japan's 'bazooka' chief Kuroda's record tenure

Tokyo (AFP) - Bank of Japan governor Haruhiko Kuroda is stepping down after a 10-year tenure defined by his signature "bazooka" of easy money policies, designed to reboot the country's moribund economy.

Reuters

Ukraine's Zelenskiy met JPMorgan bankers over rebuilding efforts

Ukrainian President Volodymyr Zelenskiy met with bankers from JPMorgan Chase Co last week to get their advice on rebuilding the country and weathering the financial impact of the war, according to a statement from the president's office.

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Edinburgh Live

Former East Lothian bank to become seaside cafe after house plan rejected

The owners of the former Royal Bank of Scotland branch in North Berwick have been given permission to open a two-story cafe, after being refused permission to convert it into a home..

Birmingham Post

NatWest hints at green shoots of recovery in East Midlands

Business confidence hit an eight-month high in January according to NatWest survey

Reuters

All-male BOJ picks another blow for gender equality in Japan

Once again, three men are set to lead the Bank of Japan (BOJ), underscoring the hurdles women face in reaching leadership positions in a country that ranks the lowest among advanced economies for gender equality.

Birmingham Post

South West business confidence for year ahead hits eight month high

Firms told a NatWest survey new product launches and firmer customer demand could lead to a strong recovery over 2023

The Guardian - AU

Australia should force banks to repay scam victims and adopt better protections, advocates say

Calls for federal government to mandate the checking of account details before money transfers are made

The Guardian - UK

NatWest poised to report biggest profits since 2008 financial crisis

Expected hike in bonuses could also prove controversial given cost of living crisis and government’s stake

The Independent UK

Who is Richard Sharp? BBC chairman who ‘helped Boris Johnson secure £800,000 loan’

Former banker worked for more than 30 years in the financial sector, including a 23-year stint at investment giant Goldman Sachs

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