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The Latest Breaking News on Financial Services

JPMorgan lays off hundreds of mortgage jobs despite plans to hire bankers

JPMorgan Chase Co has reportedly laid off hundreds of mortgage employees, according to a reports. This news comes just hours after the company announced that it has plannned to hire more than 500 bankers catering to small businesses through 2024, boosting the bank's workforce targeting the segment by 20% from…

The Times of India

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.

ABC News

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.

Bangkok Post

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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"

Liverpool Echo

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.

Daily Record

Analysis-Brazil central bank autonomy becomes political punching bag for Lula

Brazil's central bank newfound independence that was designed to shield it from politics has turned it into a convenient punching bag for the new government that can use it to fire up its leftist base and blame it for economic woes.

Reuters

RBI Proposes UPI Payments Facility For Inbound Travellers

Taking into account the popularity of the UPI payment system, the Reserve Bank of India said it has proposed to permit all inbound travellers to India to use UPI for their merchant payments while they are in the country. Read further on Dynamite News:

Dynamite News

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UK MPs and peers find HSBC complicit in Hong Kong human rights abuses

Bank sided with China in denying pension payouts to people who fled crackdown, says all-party group

The Guardian - UK

Coming soon: QR Code based coin vending machine at railway stations, malls, markets across 12 cities in India

To improve the distribution of coins among the public, the Reserve Bank of India is preparing a pilot project on QR Code based Coin Vending Machine (QCVM) in collaboration with a few leading banks of India.

The Times of India

Suncorp rains down dividends despite La Nina challenge

Insurance and banking group Suncorp announced bumper dividends for investors, posting large earnings in the face of increased claim costs caused by La Nina.

AAP

China Speeds Up Approval of Wholly Foreign-Owned Fund Managers

With Morgan Stanley and JPMorgan rulings, authorities have cleared four such ventures already this year compared with just one last year

Caixin Global

Talking Point: Will you use the Bank of England’s proposed digital pound?

Dubbed by some as ‘Britcoin’ the planned digital pound would not in fact be a cryptocurrency but could become a new way of paying

Evening Standard

Bosses of major banks defend branch closures

In a Treasury Committee hearing they also denied relying on customer account switching inertia

Insider UK

Plans to launch a new community bank in Wales delayed

The community bank is a manifesto pledge of the Welsh Government

Birmingham Post

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Manchester Evening News

HSBC launches one of the 'best' mortgage deals for homeowners since before the mini budget

It comes after the Bank of England raised interest rates to 4 percent last week

The Independent UK

Bosses of major banks defend branch closures to MPs

Chief executives from NatWest Group, Barclays UK, HSBC UK and Lloyds Banking Group appeared before the Treasury Committee.

Evening Standard

HSBC launches new 5-year deal as mortgage market hots up

MORTGAGE brokers say the market for home loans is roaring back, with cheaper loans coming on every day.

Caixin Global

Another Ex-Financial Regulator Expelled From Communist Party Over Graft Allegations

Former banking official Qin Huizhong has been accused of taking bribes and maintaining ‘improper sexual relationships’

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Insider UK

Hampden & Co makes two c-suite appointments

New chief risk officer and general counsel poached from Lloyds and Aegon, respectively

Asharq Al-Awsat

Lebanese Banks to Start Open-Ended Strike, to Keep ATMs Working

Banks in Lebanon will start an open-ended strike from Tuesday but will keep ATMs operating for basic services, the Lebanese Banks Association said on Monday, urging authorities to pass overdue measures to deal with a deep financial crisis. The decision came after a meeting by the association to discuss judicial…

Wales Online

UK digital currency ‘likely to be needed’, say Treasury and Bank of England

State-backed digital pound could be launched later this decade as move towards new central bank currency

Bangkok Post

KBank aims to augment digital loans

Kasikornbank (KBank) plans to expand its digital lending this year with stronger control of loan quality, while also growing its mobile banking user numbers.

Manchester Evening News

Did Def Leppard play a charity fundraising concert for Bank of Dave?

The Netflix biopic stars Rory Kinnear as Burnley businessman Dave Fishwick

Liverpool Echo

Santander issues immediate warning to anyone with a mortgage

House prices will by slump 10% according to Santander

Liverpool Echo

Lloyds Bank issues £8,000 warning to anyone who uses internet

More and more people are being left significantly out of pocket

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Luiz Inacio Lula da Silva

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