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The Latest Breaking News on Financial Services

Banks in Lebanon warned of the “gravity” of judicial accusations leveled against a number of them for “money laundering” and said that this will have repercussions on banking transactions. In a first, a new lawsuit affected an Arab bank operating in Lebanon, which is the National Bank of Kuwait (NBK).…

Asharq Al-Awsat

Port of Newcastle confirms its financing is tied to moving away from coal

Conference hears all lending will go 'sustainable' or green

Newcastle Herald

Kazakhstan challenges large asset transfer by ex-president's foundation

(This Feb. 16 story has been corrected to show foundation is run by former education minister Aslan Sarinjipov, not Nazarbayev's daughter Dariga in paragraph 8)

Reuters

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Westpac postpones regional bank branch closures ahead of Senate inquiry

Westpac says the closure of eight of its branches will be put on hold ahead of a federal probe into the economic and social impacts of branch closures outside major capitals.

ABC News

World Bank head criticised over climate stance to step down early

David Malpass led lender through crises including the war in Ukraine but faced criticism over stance on climate change.

Al Jazeera

Westpac halts rural closures amid political pressure

Westpac says it will postpone closures of rural banks during a Senate inquiry, the second major bank to heed calls to act in good faith.

AAP

CEO who helped save the Co-op from collapse lands new role

Richard Pennycook is a former chairman of THG

Birmingham Post

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What the Qantas Money Home Loan has to offer customers

Airline giant Qantas has swooped into the home loan market in a move likely to draw in travel-hungry mortgagers.

The New Daily

Barclays staff to share £1.2bn in bonuses despite drop in profits

The 15% fall in profits follows costs of US trading blunder and money being put aside for defaults by borrowers

The Guardian - UK

Former Barclays boss Jes Staley gets £2.3m pay-off, fight with FCA over Epstein continues

Barclays profits slide on investment bank and litigation woes

Evening Standard

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

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

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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

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.

AAP

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.

Chicago Sun-Times

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

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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.

The Guardian - AU

Two missing after Queensland mine collapse – as it happened

This blog is now closed

Nottingham Post

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

Manchester Evening News

TSB bank offering instant £200 added for simple account switch

Here's exactly how to claim all of the money

AAP

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.

Newcastle Herald

'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).

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.

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