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The Latest Breaking News on Financial Services

Morocco says removal from financial watchlist will help ratings

The Financial Action Task Force's decision on Friday to remove Morocco from its "grey list" of countries under special scrutiny will help Rabat's position in talks with international financial institutions, the Moroccan government said.

Reuters

Biden selects ex-Mastercard CEO Ajay Banga to lead World Bank after Trump-appointed president resigns over climate row

Ex-Mastercard CEO has worked closely with Vice President Kamala Harris in efforts to address root causes of migration from Central America

The Independent UK

Joe Biden nominates former Mastercard boss Ajay Banga to lead World Bank

US president puts forward choice to oversee new focus on climate crisis after resignation of Trump appointee David Malpass

The Guardian - UK

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US nominates Ajay Banga for World Bank president

The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank

The Independent UK

China finance veteran Zhu set to head central bank- sources

A career banker and head of a state-run financial conglomerate, Zhu Hexin, is likely to become governor of China's central bank after next month's annual session of parliament, according to people familiar with the matter.

Reuters

Man pointed 'gun' at Halifax staff in front of terrified child

In a victim impact statement staff said they thought they were going to die

Liverpool Echo

World Bank Hopes to Select New Chief by May

The World Bank said Wednesday it hopes to find a successor by early May to chief David Malpass, who has announced he will step down nearly a year early. The Washington-based development lender will begin accepting candidate nominations on Thursday, a process that will run until March 29. The bank…

Asharq Al-Awsat

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JPMorgan says Staley-Epstein emails don’t show force, coercion

Emails exchanged between JPMorgan & Chase Co. executive Jes Staley and Jeffrey Epstein fail to show that minors were victimized or that “force, fraud or coercion” were used against women, the bank said in court filing asking a judge to dismiss a U.S. Virgin Islands lawsuit.

Tribune News Service

A tough nut for the thinking banker at Lloyds to crack

City Comment: Will Charlie Nunn attract the “mass affluent” to Lloyds?

Evening Standard

Delhi: Influenced by Hollywood movie, man attempts bank robbery in Model Town

A man has been arrested by the police for firing five rounds at HDFC Bank in an attempt to rob the bank in Delhi's Model Town area after being influenced by a movie. Read further on Dynamite News:

Dynamite News

Lloyds' quarterly profits double as borrowing costs rise

The banking group's loan book rose by £6.3bn to £475bn during the year

Insider UK

Lloyds Bank warns house prices to fall 7% this year as customers struggle with mortgages

Lloyds CEO takes home pay of £3.8 million

Evening Standard

Lloyds accused of ‘stuffing bankers’ pockets’ as it proposes £9.1m CEO deal

Chief executive Charlie Nunn could receive £9.1m payout, while top performing bankers to share £446m bonus pot for work in 2022

The Guardian - UK

FTSE 100 Live: Lloyds posts annual results, Rio Tinto cuts dividend

Lloyds Banking Group today revealed unchanged annual profits of £6.9 billion as the lender benefited from a year of rising interest rates.

Evening Standard

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Bangkok Post

Krungsri upbeat on M&A view

Bank of Ayudhya (Krungsri) sees greater opportunity for large corporate customers to make merger and acquisition (M&A) deals this year thanks to a clearer economic outlook following the easing of the pandemic.

Evening Standard

New buy now pay later regulations will be a wake-up call for lenders

City Comment: Some consumers don’t understand the potential dangerous implications of entering into multiple BNPL agreements

The Guardian - AU

NSW police criticised for ‘outrageous’ midnight arrest of student who protested at RBA

Cherish Kuehlmann woken up by officers who ‘barged into the house’ and took her to a police station, where she was charged with a trespass offence

Birmingham Post

Co-operative Bank tables bid for £650m Sainsbury’s Bank mortgage book

The Co-operative Bank's annual results are due out next week

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news in one place.

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Caixin Global

New Capital Rules Aim to Bring Chinese Banks in Line With Global Standards

The draft framework categorizes banks by size and offshore business to help increase compliance while helping smaller banks

The Guardian - UK

Big banks are raking in billions, and we all pay the price – time for a new windfall tax

Rises in interest rates are driving unemployment, low wages and poverty while the banks cash in, says campaigner Fran Boait

Daily Record

Body of man found on high street in Fife as police investigate 'unexplained' death

Authorities rushed to High Street in Leven at roughly 7.30am yesterday after receiving reports of a "sudden death" of a man.

Evening Standard

Profits jump at HSBC as it moves to fend off break-up calls from China

HSBC today moved to fend off pressure from one of its biggest shareholders to break up the group and return chunks of cash to investors.

The Guardian - AU

Australia needs a new plan to keep rural banks open before they all get turned into cafes

Financial services are essential to keeping regional areas alive but continuing bank closures are putting communities at risk

ABC News

Man arrested 23 years after Browns Plains bank robbery where police officer Neil Scutts was shot

Senior Constable Neil Scutts was shot in the groin in March 1999 while responding to a bank robbery where staff and customers were allegedly held at gunpoint.

Tribune News Service

Serial Bay Area bank robber charged with robbing banks days after he was sentenced in bank robbery case

SAN FRANCISCO — Last November, New Jersey native Christian Plummer was released from jail after being sentenced to two years in federal prison for robbing six banks around the Bay Area.

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