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The Latest Breaking News on Financial Services

Is it really the time to shower a bank boss with cash?

City Comment: It’s too soon to let remuneration rip

Evening Standard

ED attaches properties worth Rs 828 cr in SEL Textiles's Rs 1530 cr bank fraud case in Ludhiana

LUDHIANA: In a big development related to the case of Rs 1,530 crore bank fraud committed by SEL Textiles Limited Ludhiana, Directorate of Enforcement (ED) Zonal Office Jalandhar has attached properties worth Rs 828 crores belonging to the company.

The Times of India

Hopes for Mapperley's food scene amid plans for new restaurant at 'eyesore' building

The new £2.25million transformation has been given the green light

Nottingham Post

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Chinese billionaire Bao Fan goes missing, the latest in a string of high-profile disappearances

The well-known deal-maker's disappearance is the latest in a series of cases of high-profile Chinese executives going missing with little explanation.

ABC News

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

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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

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

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The Guardian - UK

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%

Asharq Al-Awsat

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).…

Newcastle Herald

Port of Newcastle confirms its financing is tied to moving away from coal

Conference hears all lending will go 'sustainable' or green

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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.

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

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