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The Latest Breaking News on Financial Services

Jeffrey Epstein’s long shadow falls on JPMorgan and Barclays once more

Newly public allegations about the convicted sex offender’s relationship to Jes Staley include 1,200 emails and ‘seductive’ photos

Financial Times

RBI cancels licence of MP-based Garha Co-operative Bank

MUMBAI: The Reserve Bank of India (RBI) on Monday cancelled licence of Garha Co-operative Bank, Guna in Madhya Pradesh as the lender does not have adequate capital and earning prospects.

The Times of India

Bank NPLs slow to 2.73% of lending at December's end

Thai banks' non-performing loans stood at 2.73% of total lending at the end of December 2022, down from 2.77% at the end of September, helped by debt restructuring, the central bank said on Monday.

Bangkok Post

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Banks still discussing JV-AMC feasibility

Banks remain interested in setting up joint venture asset management companies (JV-AMCs) as an option to manage their non-performing loans (NPLs).

Bangkok Post

'Quiz bank on DJ Carey's €9.5m debt' - Call for probe into hurling legend's alleged loan write off

AIB should face the Finance Committee after allegedly writing off debt of almost €9.5million for hurling legend DJ Carey, a minister said. It's claimed the Kilkenny All-Ireland winner’s settlement with the bank in 2017 was just €60,000.

Irish Mirror

Too slow and too secret? Pace of Staley investigation undermines trust

City watchdog’s investigation into former Barclays chief executive’s account of his relationship with Jeffrey Epstein needs resolution

The Guardian - UK

JPMorgan staffer expected bank to drop Jeffrey Epstein as client in 2008, lawsuit says

It was August 2008, the brink of a global financial crisis, and inside JPMorgan Chase & Co. an employee was expressing confidence the bank was about to kick out a wealthy client whose name was becoming infamous: Jeffrey Epstein.

Tribune News Service

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SCB focuses on digital bank strategy

Siam Commercial Bank (SCB) aims to become a universal digital bank and upgrade its mobile banking platform to be No.1 in wealth management services.

Bangkok Post

China Removes Communist Party Heads of Top State Insurer and Bank

Moves affect top executives of People’s Insurance Co. and Bank of China as they both near retirement age

Caixin Global

Is it really the time to shower a bank boss with cash?

City Comment: It’s too soon to let remuneration rip

Evening Standard

ED attaches properties worth Rs 828 cr in SEL Textiles's Rs 1530 cr bank fraud case in Ludhiana

LUDHIANA: In a big development related to the case of Rs 1,530 crore bank fraud committed by SEL Textiles Limited Ludhiana, Directorate of Enforcement (ED) Zonal Office Jalandhar has attached properties worth Rs 828 crores belonging to the company.

The Times of India

Hopes for Mapperley's food scene amid plans for new restaurant at 'eyesore' building

The new £2.25million transformation has been given the green light

Nottingham Post

Chinese billionaire Bao Fan goes missing, the latest in a string of high-profile disappearances

The well-known deal-maker's disappearance is the latest in a series of cases of high-profile Chinese executives going missing with little explanation.

ABC News

NatWest Group sees profits surge to £5.1bn

RBS owner hails 'considerable progress against our strategic goals'

Insider UK

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The Guardian - UK

NatWest accused of ‘unjust’ profiteering after CEO paid £5.2m

Alison Rose becomes group’s second-highest-paid boss as bank reports largest profits since 2007

Wales Online

91% of card payments were contactless last year

Across all age groups, contactless users made an average of 220 “tap and go” transactions last year

Asharq Al-Awsat

Saudi Arabia: Al-Bunyan Appointed Chairman of Board of Directors of SME Bank

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Board of Directors of the National Development Fund (NDF), issued a decision appointing Youssef bin Abdullah Al-Bunyan as Chairman of the Board of Directors of the Small and Medium Enterprises Bank (SME Bank). Al-Bunyan…

The Independent UK

Record 91.2% of eligible card transactions in 2022 were contactless – Barclays

Contactless users made an average of 220 such transactions last year and contactless use particularly increased among over-65s, according to Barclays.

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Bangkok Post

Baht dip aids export stocks

The rapid depreciation of the baht has helped stocks in the export sector, say analysts, warning the currency is under pressure to slide further, resulting in continued outflows from the Thai stock market.

The Guardian - AU

Dozens re-detained after visa cancellation bill passes – as it happened

This blog is now closed

The Independent UK

Tory minister suggests banks sue Bank of England over strict regulations

Andrew Griffith made the suggestion in a discussion with banking representatives

Nottingham Post

Former Mapperley Lloyds bank to be transformed into restaurant and bar in £2.25m development

Plans for apartments, offices and retail space at the site have also been granted

Axios

Biden set to pounce on much-wanted surprise at World Bank

Biden likely to move quickly in picking new World Bank leader.

The Guardian - UK

Why World Bank head’s resignation is good news for climate crisis fight

David Malpass’s decision to quit has delighted frustrated developing nations, donors, experts and campaigners

The Guardian - UK

Standard Chartered top bankers to receive biggest bonuses since financial crisis

Emerging markets-focused bank records strong performance with profits up by 28%

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