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The Latest Breaking News on Financial Services

Bosses of major banks defend branch closures

In a Treasury Committee hearing they also denied relying on customer account switching inertia

Insider UK

Plans to launch a new community bank in Wales delayed

The community bank is a manifesto pledge of the Welsh Government

Birmingham Post

HSBC launches one of the 'best' mortgage deals for homeowners since before the mini budget

It comes after the Bank of England raised interest rates to 4 percent last week

Manchester Evening News

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Bosses of major banks defend branch closures to MPs

Chief executives from NatWest Group, Barclays UK, HSBC UK and Lloyds Banking Group appeared before the Treasury Committee.

The Independent UK

HSBC launches new 5-year deal as mortgage market hots up

MORTGAGE brokers say the market for home loans is roaring back, with cheaper loans coming on every day.

Evening Standard

Another Ex-Financial Regulator Expelled From Communist Party Over Graft Allegations

Former banking official Qin Huizhong has been accused of taking bribes and maintaining ‘improper sexual relationships’

Caixin Global

Hampden & Co makes two c-suite appointments

New chief risk officer and general counsel poached from Lloyds and Aegon, respectively

Insider UK

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Lebanese Banks to Start Open-Ended Strike, to Keep ATMs Working

Banks in Lebanon will start an open-ended strike from Tuesday but will keep ATMs operating for basic services, the Lebanese Banks Association said on Monday, urging authorities to pass overdue measures to deal with a deep financial crisis. The decision came after a meeting by the association to discuss judicial…

Asharq Al-Awsat

UK digital currency ‘likely to be needed’, say Treasury and Bank of England

State-backed digital pound could be launched later this decade as move towards new central bank currency

Wales Online

KBank aims to augment digital loans

Kasikornbank (KBank) plans to expand its digital lending this year with stronger control of loan quality, while also growing its mobile banking user numbers.

Bangkok Post

Did Def Leppard play a charity fundraising concert for Bank of Dave?

The Netflix biopic stars Rory Kinnear as Burnley businessman Dave Fishwick

Manchester Evening News

Santander issues immediate warning to anyone with a mortgage

House prices will by slump 10% according to Santander

Liverpool Echo

Lloyds Bank issues £8,000 warning to anyone who uses internet

More and more people are being left significantly out of pocket

Liverpool Echo

Bank apologises after labelling Scot's Thai wife a 'criminal'

A MAJOR bank has apologised to a Scots refugee activist after his local branch tried to stop him from sending money to his Thai wife and would not…

The National (Scotland)

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Leeds Live

I spent the day at the free Santander Work Café in Leeds to escape rising energy bills and cabin fever

Reporter Lucy Marshall worked from the Santander Work Café in Park Row to see if it is worth using

Evening Standard

Man convicted of manslaughter after fatal uppercut on millionaire banking executive in West End

A man has been convicted of manslaughter after punching a millionaire banking executive in London’s West End in a row over a stolen phone.

Liverpool Echo

Full list of Barclays, Natwest, HSBC, Lloyds and Halifax bank branches closing in 2023

Several branches are closing in Merseyside

Tribune News Service

Alex Murdaugh was $4.2 million in debt, overdrawn at bank, CEO testifies at murder trial

WALTERBORO, S.C. — Jurors in Alex Murdaugh’s murder trial got a late start Friday, as Judge Clifton Newman considered whether testimony about Murdaugh’s alleged financial crimes should be heard by the jury.

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Reuters

China must join Ghana debt restructuring effort soon, Germany's Lindner says

Germany's finance minister singled out China during a visit to Ghana on Friday, as he called on countries that have lent to the embattled West African nation to form a creditor committee quickly to help it restructure its debt.

Asharq Al-Awsat

Iraqis Protest in Baghdad as Currency Crisis Continues

Iraqi protesters rallied Friday in Baghdad, demanding the government take action to stop the economic crisis and the slide of the national currency after the Iraqi dinar plunged further. Measures taken by the United States in recent months to stamp out money laundering and the channeling of dollars to Iran…

The Independent UK

Iraqis protest in Baghdad as currency crisis continues

Iraq's currency has continued its slide and protesters are asking the government to take action to stop the crisis

Al Jazeera

‘Beyond imagination’: Pakistan PM warns of IMF bailout conditions

An IMF delegation is in Pakistan for last ditch talks to revive financial aid, which has stalled for months.

The Times of India

Banking sector remains resilient and stable, says RBI

NEW DELHI: The Reserve Bank of India (RBI) on Friday said that the Indian banking sector remains resilient and stable.

StockNews.com

2 Sorry Stocks to Sell in February

Although moderating inflation has raised investor confidence, the Fed has signaled its intention of further rate hikes. Moreover, with recessionary fears looming, the stock market could be volatile for a while. Against this backdrop, fundamentally weak stocks Advanced Micro Devices (AMD) and Rivian Automotive (RIVN) might be best avoided now.…

The Guardian - UK

World’s biggest investment fund warns directors to tackle climate crisis or face sack

Norway’s sovereign wealth fund threatens to vote against boards on firms it holds investments with over lax climate and social targets

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