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The Latest Breaking News on Financial Services

UK government made £2.4bn from ‘mortgage prisoner’ loan sales, says Martin Lewis

Tens of thousands of borrowers had their loans sold on to providers at which they were unable to switch

The Guardian - UK

Banking giants asked to explain why some savings rates remain so low

The Treasury Committee is asking major banks for a breakdown of the revenue and profits generated from their savings products.

The Independent UK

Charlie Bird thanks Bank of Ireland staff after he became distressed in branch

The broadcaster often experiences crying episodes, which stem from his Motor Neurone Disease symptoms, and recently broke down in a Bank of Ireland branch in Wicklow

Dublin Live

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ANZ bank apologises after customers' personal information found in Perth skip bin

One of Australia's biggest banks investigates after customers' personal data is discovered "floating down the street" after being dumped in a skip.

ABC News

The Co-operative Bank hails 'positive momentum' as profits jump by £100m

The bank has also announced its commitment to reach net zero on Scope 1 and 2 direct emissions by 2030

Birmingham Post

Charlie Bird thanks Bank of Ireland staff for their help after 'crying uncontrollably' in branch

Charlie recently shared a health update saying his condition has gotten "much worse"

Irish Mirror

Growing momentum for 'David and Goliath' official inquiry into banks

Proposed terms of reference say bank account number portability must be enforced with urgency, and ex-ministers like John Key shouldn't go straight onto bank boards. Jonathan Milne reports.

Newsroom.co.nz

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The Australian towns where the nearest bank branch is nearly 1,000km away

With nearly 100 regional branches either closed or soon to close, getting to the bank is becoming increasingly difficult for Australians in remote areas

The Guardian - AU

Swiss regulator: Credit Suisse made 'serious breach' of law

Swiss regulators have found that Credit Suisse made a “serious breach” of law in connection with a now-bankrupt firm linked to Australian financier Lex Greensill

The Independent UK

Perthshire town put forward as a great location for shared banking hub idea being tried out in Scotland

To offset the loss of three bank branches which have deserted Aberfeldy in Highland Perthshire, local MP Pete Wishart has said the town would be perfect to site a 'banking hub' where the different banks all had a public presence and shared the associated costs.

Daily Record

Credit Suisse ‘seriously breached’ obligations on Greensill, says regulator

Swiss bank is seeking to recover $10bn of funds linked to collapsed supply chain finance firm

The Guardian - UK

Edinburgh law firm appoints chief operating officer

The firm's relationship banker for 18 years while at RBS, the new hire joins at the start of April

Insider UK

Scottish business confidence sees February uptick

Scottish firms prioritising hiring new employees, introducing new technology and evolving their offer

Insider UK

Newcastle's historic Greater, Perm banking merger begins today

The merged entity's priorities will be "retaining and growing our customers".

Newcastle Herald

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Asharq Al-Awsat

Lebanon: Mikati Rejects Accusations of Interfering in Judiciary

Caretaker Prime Minister Najib Mikati reiterated that his calls on the outgoing Interior Minister to block judicial “violations” taken by FPM Judge Ghada Aoun against local banks are not considered an interference in the judiciary. He emphasized that some decisions must be taken for the good of the country. “We…

The Times of India

Lenders maintain Adani Enterprises' credit limits despite Hindenburg report allegations

NEW DELHI: A group of lenders, led by the State Bank of India (SBI) conducting an annual review of Adani Enterprises Ltd (AEL), have decided to maintain the credit limits previously sanctioned for Gautam Adani's flagship company, the Economic Times reported quoting two sources on Tuesday.

Bangkok Post

Baht declines amid volatile markets

The baht fell to less than 35 against the US dollar on Monday and recorded its lowest level for two months, after being the most volatile currency traded in the region this year.

The Guardian - UK

Climate campaigners sue BNP Paribas over fossil fuel finance

Action against one of Europe’s largest financial institutions is the first climate-related lawsuit against a commercial bank

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Daily Record

Callous Scot embezzled almost £50k from her frail 90-year-old mother

Margaret Bolland was granted power of attorney over her mother Mary Bolland’s finances in September 2014.

Reuters

Chinese bank says missing chairman is cooperating with Chinese authorities in an investigation

China Renaissance Holdings said on Sunday that its missing chairman and star dealmaker Bao Fan was currently cooperating with relevant Chinese authorities conducting an investigation.

Daily Mirror

Inside deserted UK shopping centre which was once the biggest indoor mall in Europe

Shopping City in Runcorn, which opened in the 70s, and once drew in customers from Manchester and Liverpool is now a shell of itself

Reuters

Yellen says World Bank nominee's credentials will overcome selection criticism

U.S. Treasury Secretary Janet Yellen said on Saturday that she believes the strong qualifications of the U.S. nominee to lead the World Bank, ex-Mastercard CEO Ajay Banga, will overcome any criticism of the selection process.

Reuters

Analysis-Incoming World Bank chief faces tests before he gets to climate

Ajay Banga, U.S. President Joe Biden's pick to run the World Bank, will face a tough slate of issues around the institution's finances and capital structure from the get-go, thorny problems he must address as he reshapes the bank into a force for combating climate change on top of its…

Bangkok Post

Line BK maintains data development goal

After operating for more than two years, Line BK, a social banking collaboration between Kasikornbank (KBank) and Line Corporation, aims to book a net profit in 2024.

Ballotpedia

New York Court of Appeals issues five opinions from Feb. 13-19

The New York Court of Appeals issued five opinions from Feb. 13-19. As of Feb. 19, the court issued nine opinions in 2023—six fewer than this point a year ago. The five opinions are below:

1 … 112 113 114 115

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