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The Latest Breaking News on Financial Services

NatWest Group sees profits surge to £5.1bn

RBS owner hails 'considerable progress against our strategic goals'

Insider UK

NatWest accused of ‘unjust’ profiteering after CEO paid £5.2m

Alison Rose becomes group’s second-highest-paid boss as bank reports largest profits since 2007

The Guardian - UK

91% of card payments were contactless last year

Across all age groups, contactless users made an average of 220 “tap and go” transactions last year

Wales Online

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

Saudi Arabia: Al-Bunyan Appointed Chairman of Board of Directors of SME Bank

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Board of Directors of the National Development Fund (NDF), issued a decision appointing Youssef bin Abdullah Al-Bunyan as Chairman of the Board of Directors of the Small and Medium Enterprises Bank (SME Bank). Al-Bunyan…

Asharq Al-Awsat

Record 91.2% of eligible card transactions in 2022 were contactless – Barclays

Contactless users made an average of 220 such transactions last year and contactless use particularly increased among over-65s, according to Barclays.

The Independent UK

Baht dip aids export stocks

The rapid depreciation of the baht has helped stocks in the export sector, say analysts, warning the currency is under pressure to slide further, resulting in continued outflows from the Thai stock market.

Bangkok Post

Dozens re-detained after visa cancellation bill passes – as it happened

This blog is now closed

The Guardian - AU

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Tory minister suggests banks sue Bank of England over strict regulations

Andrew Griffith made the suggestion in a discussion with banking representatives

The Independent UK

Former Mapperley Lloyds bank to be transformed into restaurant and bar in £2.25m development

Plans for apartments, offices and retail space at the site have also been granted

Nottingham Post

Biden set to pounce on much-wanted surprise at World Bank

Biden likely to move quickly in picking new World Bank leader.

Axios

Why World Bank head’s resignation is good news for climate crisis fight

David Malpass’s decision to quit has delighted frustrated developing nations, donors, experts and campaigners

The Guardian - UK

Standard Chartered top bankers to receive biggest bonuses since financial crisis

Emerging markets-focused bank records strong performance with profits up by 28%

The Guardian - UK

Banks Warn against Lebanon 'Isolation'

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

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Reuters

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)

ABC News

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.

Al Jazeera

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.

AAP

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.

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Birmingham Post

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

Richard Pennycook is a former chairman of THG

The New Daily

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 Guardian - UK

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

Evening Standard

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

The Guardian - AU

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

AAP

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.

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