NAB in court over 'excessive, unreasonable' staff hours NAB's practice of demanding lengthy unpaid overtime from staff will be examined in a new union lawsuit that may have wider ramifications in the finance sector. AAP · Mar 8, 2023
International Women's Day: 23 top British women business leaders for 2023 BusinessLive shines a light on some of the thousands of women exemplifying leadership around the UK Birmingham Post · Mar 8, 2023
Compensation scheme for financial victims a step closer Australia's banking and insurance industries will need to act with honesty and diligence under new laws introduced to the federal parliament. AAP · Mar 7, 2023
BoE powers to oversee insurers ‘may not offset risks posed by looser regulation’ Solvency II reforms governing sector may prove inadequate, warns Sam Woods, head of the Bank’s regulatory arm The Guardian - UK · Mar 7, 2023
Alex Murdaugh associate Russell Laffitte is denied new trial over financial fraud charges Russell Laffitte, the former CEO of Palmetto State Bank, was convicted in November of financial fraud charges in connection to Murdaugh’s alleged white collar fraud schemes The Independent UK · Mar 7, 2023
China Plans to Create Vast New Financial Regulator The new body will absorb the CBIRC and oversee all parts of the financial industry other than securities, State Council proposal says Caixin Global · Mar 7, 2023
Woman, 91, loses account and pension after Barclays declares her dead Bank apologises after error results in elderly woman having account closed and phone and energy cut off The Guardian - UK · Mar 7, 2023
How much extra could mortgage repayments be, now the cash rate is 3.6 per cent? Tell us your loan size, term and interest rate, and our mortgage repayment calculator will work out how much extra you may have to pay on your loan. ABC News · Mar 7, 2023
Bank of America CEO predicts ‘slight’ US recession this year Bank of America CEO Brian Moynihan says he expects mild downturn in third quarter of 2023. Al Jazeera · Mar 7, 2023
SoFi Bank sues to block Biden's student loan payment pause A private bank is trying to force the Biden administration to end its pause on federal student loan payments, arguing that the moratorium has no legal basis and has cost the bank millions of dollars in profits The Independent UK · Mar 7, 2023
ASX closes higher as Reserve Bank lifts cash rate by 0.25 percentage points to 3.6 per cent; InvoCare surges on takeover bid — as it happened The Reserve Bank of Australia lifts the cash rate to 3.6 per cent, and the local share market closes higher. Look back on the day's events and insights from our business reporters on the ABC News markets blog. ABC News · Mar 6, 2023
US banks are finally being forced to raise rates on deposits U.S. banks are being forced to do something they haven’t done for 15 years: fight for deposits. Tribune News Service · Mar 6, 2023
Daily UPI transactions jump 50% to 36 crore: RBI governor MUMBAI: Reserve Bank of India governor Shaktikanta Das on Monday said payments through UPI (unified payment interface) have grown exponentially in the past 12 months with daily transactions crossing 36 crore, which is up 50 per cent from 24 crore in February 2022. The Times of India · Mar 6, 2023
Warning on impersonation scams to watch out for as copycat fraudsters try to con you Impersonation - where criminals attempt to fool you by mimicking friends, family or authorities - were responsible for almost a third of all money lost to fraudsters last year Chronicle Live · Mar 5, 2023
ABC News · Mar 4, 2023 St.George Bank defends flagging payment of $30 that had 'Muslim' in transaction description A Bank of Melbourne customer is left confused after being told to contact the economic and trade sanctions team over a $30 transfer to a family member.
The Independent UK · Mar 4, 2023 Proposals to reimburse scam victims are half-baked, says Treasury Committee Treasury Committee chair Harriett Baldwin said regulators need to sort out exclusions and criteria quickly.
Manchester Evening News · Mar 3, 2023 Bank to create 1,000 Manchester jobs after signing deal to open major city centre office Starling Bank is to move into the building which is already home to HSBC, Santander and Grant Thornton
Birmingham Post · Mar 3, 2023 Starling Bank to create 1,000 jobs in Manchester after signing Landmark deal Other tenants include Santander UK, RSM, HSBC UK and Grant Thornton
Chicago Sun-Times · Mar 3, 2023 Dead Bridgeport banker routinely hid bad loans from federal regulators, trial shows Washington Federal Bank for Savings failure trial lays bare how CEO John F. Gembara told employees to conceal delinquent loans for millions owed by ‘friends of John.’
Daily Mirror · Mar 3, 2023 Lloyds Pharmacy 'puts all 1,300 branches at risk of closure' in major high street blow Its owner private equity firm Aurelius is said to have launched a strategic review of the business, which could result in its high street stores closing for good
Birmingham Post · Mar 3, 2023 Bank of Ireland creates 100 tech all-island jobs to accelerate digitalisation The bank is on the lookout for cloud platform engineers, cybersecurity experts, data infrastructure engineers, specialised project managers and business analysts
ABC News · Mar 3, 2023 Scam protection from banks under scrutiny as Australians lose $53m in two months Sharon Watkins was fortunate enough to get her money back, but she and consumer advocates say it's time banks did more to protect their customers. Meanwhile, Australians have already lost $53m to con artists this year.
AAP · Mar 2, 2023 NAB bank head backs in Labor superannuation plan Labor has received support for its superannuation plan from an interesting quarter - the chief executive of NAB.
Bangkok Post · Mar 2, 2023 LHFG to expand Taiwan loan portfolio Land and Houses Financial Business Group (LHFG), a holding company of LH Bank, aims to grow its Taiwanese banking business more aggressively this year, boosted by manufacturing relocation by multinational and Taiwanese firms to Asean amid deglobalisation.
Irish Mirror · Mar 2, 2023 AIB says it does not cut 'special deals for special individuals' despite DJ Carey write-down reports Representatives from AIB appeared in front of the Oireachtas Finance Committee following reports that former Kilkenny hurler DJ Carey received an alleged settlement resulting in a €9.5 million debt being written down