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The Latest Breaking News on Financial Services

AIA presses on with portfolio diversification

AIA, Asia's largest publicly-listed life insurance and securities group, is looking to expand its portfolio to logistics and real estate-related projects in markets such as Thailand amid economic uncertainties.

Bangkok Post

MTL growth set to match overall sector

Muang Thai Life Assurance (MTL) expects to grow in line with the overall insurance industry this year, saying the cooling global economy would have a minimal impact on insurance policy renewals as consumers are more health-conscious following the Covid-19 pandemic.

Bangkok Post

Exim Bank set to expand BCG loans

Export-Import Bank of Thailand (Exim Bank) aims to expand the proportion of loans it extends to businesses conforming to the bio, circular and green economy (BCG) model to 50% of its anticipated total outstanding loans in the next three years from the current level of 28%.

Bangkok Post

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Here’s proof Dallas is now Wall Street of the South

Dallas is laying claim to a new title: Wall Street of the South.

Tribune News Service

Two elderly scam victims in Dallas demand Chase recover $55,000 in stolen funds

Scammers stole nearly $55,000 from two elderly Dallas-Fort Worth women who bank with JPMorgan Chase.

Tribune News Service

Towns putting up a fight as banks close

Regional communities are continuing to fight back against bank branch closures which could force some locals to travel hundreds of kilometres for service.

AAP

Huge Edinburgh Matalan store to shut as company admit 'market challenges'

The Seafield Road shop is the latest loss for the city, after both TK Maxx and Marks and Spencer announced they would be closing their Meadowbank outlets last week.

Edinburgh Live

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How to not get caught in the million dollars a day of scams in Australia

With little chance of getting money back if you are a victim, take these measures to protect yourself from unsolicited calls, texts and emails

The Guardian - AU

High Street Group administrators warn of scammers targeting creditors

To date the joint administrators for the collapsed property firm say they have received claims from 1,648 creditors

Birmingham Post

Buoyant start to 2023 as Welsh business confidence reaches two-year high

Firms across Wales were confident in their own trading prospects at the start of 2023

Birmingham Post

Nottinghamshire town where all banks closed to host new 'banking hub'

Banking hubs are a shared banking space on the high street, with dedicated rooms where customers can see community bankers from their own bank. The community bankers work on rotation.

Nottingham Post

Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts

Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks

The Guardian - UK

Business confidence dips for Scottish firms in January

Top of the priority list for surveyed companies was investing in sustainability and their teams

Insider UK

Illicit bank accounts face legal crackdown

The Finance Ministry has instructed the Fiscal Policy Office (FPO) to find ways to tackle fraudsters' use of nominees to open bank accounts, says the ministry's permanent secretary Krisada Chinavicharana.

Bangkok Post

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Chronicle Live

Gateshead crook used dementia-sufferer's bank card to buy booze and cigarettes

Matthew Carlyon's deceit was uncovered when the victim's carer noticed her cash card was missing and contacted the bank

The National (Scotland)

Post-Brexit 'bonfire' risks driving further price rises, warn campaigners

A POST-BREXIT “bonfire of banking rules” planned by the UK Government risks driving up food and energy prices even further, campaigners have…

Axios

Biden's student debt relief program has approved over 16 million applications

They've largely been left in limbo as the Supreme Court prepares to hear arguments about the program.

Reuters

Nigeria's Atiku joins calls to extend deadline on old banknotes

Nigerian opposition presidential candidate Atiku Abubakar urged the central bank on Saturday to extend a Jan. 31 deadline to phase out old high-value banknotes, a measure many Nigerians fear will disrupt business in the cash-reliant economy.

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Manchester Evening News

Barclays announces closure of only high street bank in Rochdale town

An additional 15 Barclays branches, alongside the previously announced 15, will be closing in the next couple of months

Daily Mirror

Barclays announces closure of 15 branches across UK - see if your bank is affected

The 15 branch closures from Barclays comes days after NatWest said it is closing 23 branches, and over a week since Lloyds Banking Group said it is shutting 40 Halifax and Lloyds sites

Wales Online

Barclays to close 15 branches - meaning more than 100 banks will shut this year

The announcement comes in the wake of NatWest and Lloyds making similar plans

Tribune News Service

Trump drops Deutsche Bank subpoena fight with new GOP-led House

WASHINGTON — Former President Donald Trump has ended his long-running legal fight with two congressional committees over access to his financial records now that Republicans have a House majority.

Bangkok Post

KBank sets target of 5-7% loan growth this year

Kasikornbank (KBank) aims to grow its lending by 5-7% and control the quality of its assets, with a non-performing loan (NPL) ratio target of less than 3.25%, according to its 2023 financial goals.

Bangkok Post

BBL follows BoT, raises lending, savings rates

Bangkok Bank (BBL), the country's largest lender by total assets, announced yesterday a new round of hikes for both lending and savings rates, effective yesterday, in line with the Bank of Thailand's policy rate increase on Wednesday.

The Independent UK

Smashing Barclays’ windows was a message of love, climate protester says

Zoe Cohen was given a seven-month suspended sentence after being convicted of criminal damage.

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Krisada Chinavicharana

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Matalan

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