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The Latest Breaking News on Financial Services

Virgin Money, TSB and Nationwide bank account warning

Consumer group Which? compared 13 current account providers

Liverpool Echo

Rajasthan: Termites Damage Currency Notes Worth 2.15 Lakh Inside Bank Locker In Udaipur

Currency notes worth Rs.2.15 lakh kept in the locker of Punjab National Bank branch of Kalaji Goraji were damaged by termites. Read further on Dynamite News:

Dynamite News

Rural bank inquiry a 'small victory' as branches shut

The Senate will hold an inquiry into bank closures in rural Australia, the first in 19 years. Communities losing their last bank say it's a good first start.

AAP

From analysis to the latest developments in health,
read the most diverse news in one place.

Bristol businessman scammed out of almost £8,000 by fraudster

Warning issued for people to be on the alert for the scam if you get an unexpected call from bank

Bristol Post

Historic Liverpool city centre clock tower building to go up for sale

The former bank building has been targeted by anti-social behaviour

Liverpool Echo

Will Bridgeport bank failure trial reveal more secrets about clout bank linked to Patrick Daley Thompson?

Washington Federal Bank for Savings’ failure was at the periphery of Thompson’s trial but will be centerstage when Robert M. Kowalski, who got millions of dollars in loans the feds say didn’t have to be repaid, goes on trial Monday.

Chicago Sun-Times

Better that banks make billions than go bust

City Comment: Knee jerk reactions to bank profits are unhelpful

Evening Standard

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Bank profits poised to top £40 billion while UK economy struggles

Calls for windfall tax likely as bank profits hit record

Evening Standard

Cloncurry Westpac branch closure sparks outrage as residents fear more services will leave

Residents in a major mining and farming community are fighting the closure of a Westpac branch saying the move is "unacceptable".

ABC News

US stocks fall again as British pound advances

New York (AFP) - Wall Street stocks fell for a second session Thursday with analysts pointing to consolidation of earlier gains in 2023, while the British pound rallied as the Bank of England chief expressed worry over inflation.

AFP

Parliamentary inquiry into regional banking to be held as branch closures continue

The inquiry will examine the impacts of branch closures on communities, as well as the effectiveness of current data.

ABC News

KInvesture buys stake in asset manager

Kasikorn Investure Co Ltd (KInvesture), a subsidiary of Kasikornbank (KBank), has invested in J Asset Management Company (JAM) and holds 9.9% of the company's shares, worth more than 3.5 billion baht, in a move to support JAM's future growth, KBank said yesterday.

Bangkok Post

Credit Suisse shares sink after biggest loss since 2008 financial crisis

Geneva (AFP) - Credit Suisse stocks plunged nearly 15 percent on Thursday as the scandal-plagued Swiss banking giant posted its biggest annual loss since the 2008 financial crisis -- and warned it expects to stay in the red in 2023.

AFP

NatWest to end new business loans for oil and gas extraction

Bank also plans to phase out similar lending for existing customers under its first climate transition plan

The Guardian - UK

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news in one place.

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AFP

World Bank revamp to start by April on push to broaden mission: Yellen

Washington (AFP) - The first stages of a World Bank revamp are set to begin by April, amid a push for lenders to evolve and meet global challenges like climate change, US Treasury Secretary Janet Yellen said Thursday.

AFP

Stocks rally as traders track earnings, takeover talk

London (AFP) - Major stock markets rallied Thursday as traders toasted some strong earnings as well as takeover talk, offsetting concerns about the need for more interest-rate hikes to cool strong inflation.

Wales Online

Flagship community bank pledge from the Welsh Government delayed

The community bank has supposed to launch this year

Bangkok Post

Credit Suisse posts biggest loss since 2008

GENEVA: Credit Suisse on Thursday posted its biggest annual loss since the 2008 financial crisis and the scandal-plagued Swiss banking giant expects to fall deeper into the red in 2023, sending its shares tumbling.

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news in one place.

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The Independent UK

Credit Suisse posts $1.4B pre-tax loss as woes go on in 4Q

Credit Suisse has reported a pre-tax loss of more than 1.3 billion Swiss francs, or about $1.4 billion, in the fourth quarter of last year

The Guardian - UK

Credit Suisse axes top bosses’ bonuses after biggest loss since financial crisis

Swiss bank is cutting 9,000 jobs in restructuring programme after series of scandals

AFP

Credit Suisse posts biggest loss since 2008 financial crisis

Geneva (AFP) - Credit Suisse on Thursday posted its biggest annual loss since the 2008 financial crisis and the scandal-plagued Swiss banking giant expects to stay in the red in 2023, sending its shares plummeting.

ABC News

Whistleblower Jeff Morris labels integrity reforms hypocritical as government presses ahead with prosecutions

One of the nation's highest-profile corporate whistleblowers has accused the federal government of "fiddling while Rome burns", labelling integrity reforms as hypocritical considering the Commonwealth is still pressing ahead with two prosecutions.

Bangkok Post

Couple charged with B36m theft from bank

A former bank employee and her husband have been arrested in Ratchathewi district of Bangkok for allegedly cheating customers out of 36 million baht in cheques.

Liverpool Echo

Everything we know as Bank of England considering plans for 'digital pound'

The new payment option "could be a new way to pay that’s trusted, accessible and easy to use"

Daily Record

Aberfeldy debt counsellor calls for shared banking hub

An appeal is being made for banks to share premises and pool resources so that residents of a rural Perthshire town have access to banking facilities in a branch-free future.

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