The Latest Breaking News on Financial Services

Cloncurry Westpac branch closure sparks outrage as residents fear more services will leave

Residents in a major mining and farming community are fighting the closure of a Westpac branch saying the move is "unacceptable".

ABC News · Feb 9, 2023

Parliamentary inquiry into regional banking to be held as branch closures continue

The inquiry will examine the impacts of branch closures on communities, as well as the effectiveness of current data.

ABC News · Feb 9, 2023

KInvesture buys stake in asset manager

Kasikorn Investure Co Ltd (KInvesture), a subsidiary of Kasikornbank (KBank), has invested in J Asset Management Company (JAM) and holds 9.9% of the company's shares, worth more than 3.5 billion baht, in a move to support JAM's future growth, KBank said yesterday.

Bangkok Post · Feb 9, 2023

Credit Suisse axes top bosses’ bonuses after biggest loss since financial crisis

Swiss bank is cutting 9,000 jobs in restructuring programme after series of scandals

The Guardian - UK · Feb 9, 2023

JPMorgan lays off hundreds of mortgage jobs despite plans to hire bankers

JPMorgan Chase Co has reportedly laid off hundreds of mortgage employees, according to a reports. This news comes just hours after the company announced that it has plannned to hire more than 500 bankers catering to small businesses through 2024, boosting the bank's workforce targeting the segment by 20% from…

The Times of India · Feb 9, 2023

Whistleblower Jeff Morris labels integrity reforms hypocritical as government presses ahead with prosecutions

One of the nation's highest-profile corporate whistleblowers has accused the federal government of "fiddling while Rome burns", labelling integrity reforms as hypocritical considering the Commonwealth is still pressing ahead with two prosecutions.

ABC News · Feb 8, 2023

Couple charged with B36m theft from bank

A former bank employee and her husband have been arrested in Ratchathewi district of Bangkok for allegedly cheating customers out of 36 million baht in cheques.

Bangkok Post · Feb 8, 2023

Everything we know as Bank of England considering plans for 'digital pound'

The new payment option "could be a new way to pay that’s trusted, accessible and easy to use"

Liverpool Echo · Feb 8, 2023

Aberfeldy debt counsellor calls for shared banking hub

An appeal is being made for banks to share premises and pool resources so that residents of a rural Perthshire town have access to banking facilities in a branch-free future.

Daily Record · Feb 8, 2023

Analysis-Brazil central bank autonomy becomes political punching bag for Lula

Brazil's central bank newfound independence that was designed to shield it from politics has turned it into a convenient punching bag for the new government that can use it to fire up its leftist base and blame it for economic woes.

Reuters · Feb 8, 2023