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The Latest Breaking News on Financial Services

Rural bank inquiry a 'small victory' as branches shut

The Senate will hold an inquiry into bank closures in rural Australia, the first in 19 years. Communities losing their last bank say it's a good first start.

AAP

Bristol businessman scammed out of almost £8,000 by fraudster

Warning issued for people to be on the alert for the scam if you get an unexpected call from bank

Bristol Post

Historic Liverpool city centre clock tower building to go up for sale

The former bank building has been targeted by anti-social behaviour

Liverpool Echo

From analysis to the latest developments in health,
read the most diverse news in one place.

Will Bridgeport bank failure trial reveal more secrets about clout bank linked to Patrick Daley Thompson?

Washington Federal Bank for Savings’ failure was at the periphery of Thompson’s trial but will be centerstage when Robert M. Kowalski, who got millions of dollars in loans the feds say didn’t have to be repaid, goes on trial Monday.

Chicago Sun-Times

Better that banks make billions than go bust

City Comment: Knee jerk reactions to bank profits are unhelpful

Evening Standard

Bank profits poised to top £40 billion while UK economy struggles

Calls for windfall tax likely as bank profits hit record

Evening Standard

Cloncurry Westpac branch closure sparks outrage as residents fear more services will leave

Residents in a major mining and farming community are fighting the closure of a Westpac branch saying the move is "unacceptable".

ABC News

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Parliamentary inquiry into regional banking to be held as branch closures continue

The inquiry will examine the impacts of branch closures on communities, as well as the effectiveness of current data.

ABC News

KInvesture buys stake in asset manager

Kasikorn Investure Co Ltd (KInvesture), a subsidiary of Kasikornbank (KBank), has invested in J Asset Management Company (JAM) and holds 9.9% of the company's shares, worth more than 3.5 billion baht, in a move to support JAM's future growth, KBank said yesterday.

Bangkok Post

NatWest to end new business loans for oil and gas extraction

Bank also plans to phase out similar lending for existing customers under its first climate transition plan

The Guardian - UK

Flagship community bank pledge from the Welsh Government delayed

The community bank has supposed to launch this year

Wales Online

Credit Suisse posts biggest loss since 2008

GENEVA: Credit Suisse on Thursday posted its biggest annual loss since the 2008 financial crisis and the scandal-plagued Swiss banking giant expects to fall deeper into the red in 2023, sending its shares tumbling.

Bangkok Post

Credit Suisse posts $1.4B pre-tax loss as woes go on in 4Q

Credit Suisse has reported a pre-tax loss of more than 1.3 billion Swiss francs, or about $1.4 billion, in the fourth quarter of last year

The Independent UK

Credit Suisse axes top bosses’ bonuses after biggest loss since financial crisis

Swiss bank is cutting 9,000 jobs in restructuring programme after series of scandals

The Guardian - UK

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news in one place.

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The Times of India

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…

ABC News

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.

Bangkok Post

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.

Liverpool Echo

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"

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news in one place.

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Daily Record

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.

Reuters

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.

Dynamite News

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:

The Guardian - UK

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 Times of India

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.

AAP

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.

Caixin Global

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

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