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The Latest Breaking News on Financial Services

Buoyant start to 2023 as Welsh business confidence reaches two-year high

Firms across Wales were confident in their own trading prospects at the start of 2023

Birmingham Post

Nottinghamshire town where all banks closed to host new 'banking hub'

Banking hubs are a shared banking space on the high street, with dedicated rooms where customers can see community bankers from their own bank. The community bankers work on rotation.

Nottingham Post

Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts

Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks

The Guardian - UK

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Business confidence dips for Scottish firms in January

Top of the priority list for surveyed companies was investing in sustainability and their teams

Insider UK

Illicit bank accounts face legal crackdown

The Finance Ministry has instructed the Fiscal Policy Office (FPO) to find ways to tackle fraudsters' use of nominees to open bank accounts, says the ministry's permanent secretary Krisada Chinavicharana.

Bangkok Post

Gateshead crook used dementia-sufferer's bank card to buy booze and cigarettes

Matthew Carlyon's deceit was uncovered when the victim's carer noticed her cash card was missing and contacted the bank

Chronicle Live

Post-Brexit 'bonfire' risks driving further price rises, warn campaigners

A POST-BREXIT “bonfire of banking rules” planned by the UK Government risks driving up food and energy prices even further, campaigners have…

The National (Scotland)

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Biden's student debt relief program has approved over 16 million applications

They've largely been left in limbo as the Supreme Court prepares to hear arguments about the program.

Axios

Nigeria's Atiku joins calls to extend deadline on old banknotes

Nigerian opposition presidential candidate Atiku Abubakar urged the central bank on Saturday to extend a Jan. 31 deadline to phase out old high-value banknotes, a measure many Nigerians fear will disrupt business in the cash-reliant economy.

Reuters

Barclays announces closure of only high street bank in Rochdale town

An additional 15 Barclays branches, alongside the previously announced 15, will be closing in the next couple of months

Manchester Evening News

Barclays announces closure of 15 branches across UK - see if your bank is affected

The 15 branch closures from Barclays comes days after NatWest said it is closing 23 branches, and over a week since Lloyds Banking Group said it is shutting 40 Halifax and Lloyds sites

Daily Mirror

Barclays to close 15 branches - meaning more than 100 banks will shut this year

The announcement comes in the wake of NatWest and Lloyds making similar plans

Wales Online

Trump drops Deutsche Bank subpoena fight with new GOP-led House

WASHINGTON — Former President Donald Trump has ended his long-running legal fight with two congressional committees over access to his financial records now that Republicans have a House majority.

Tribune News Service

KBank sets target of 5-7% loan growth this year

Kasikornbank (KBank) aims to grow its lending by 5-7% and control the quality of its assets, with a non-performing loan (NPL) ratio target of less than 3.25%, according to its 2023 financial goals.

Bangkok Post

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news in one place.

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Bangkok Post

BBL follows BoT, raises lending, savings rates

Bangkok Bank (BBL), the country's largest lender by total assets, announced yesterday a new round of hikes for both lending and savings rates, effective yesterday, in line with the Bank of Thailand's policy rate increase on Wednesday.

The Independent UK

Smashing Barclays’ windows was a message of love, climate protester says

Zoe Cohen was given a seven-month suspended sentence after being convicted of criminal damage.

The Guardian - UK

Goldman Sachs boss takes 30% pay cut to $25m amid turbulent year

David Solomon’s pay was $25m for 2022, down from $35m in 2021, as investment bank’s profits fall 50% and 3,200 staff laid off

Birmingham Post

MP upbeat on emerging policy framework to support Humber's grand decarbonisation plans

Martin Vickers addressed CBI-led roundtable with Humber industrial stakeholders

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news in one place.

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The Independent UK

Climate protesters spared jail after smashing Barclays windows

Six women have been given suspended sentences after being convicted of criminal damage.

The Independent UK

Bosses secretly want staff to return to the office, says CBI chief

Head of the UK’s biggest business group says world of work has ‘gone crazy’ since pandemic

Liverpool Echo

Fears older people may be 'left behind' as Barclays St Helens branch set to close

The bank has confirmed the branch will be permanently closed in May of this year

The Guardian - UK

Why is British politics a raging bin-fire? Don’t ask the misunderstood heroes who held the torches

From Truss to Johnson, former chaos-mongers are sure none of it is remotely their fault. In fact, the time is ripe for a comeback, says Guardian columnist Marina Hyde

Wales Online

Cash-strapped families warned interest rates likely to rise again next week

The Bank of England will announce its decision on Thursday

Liverpool Echo

NatWest announces Bootle branch closure

The bank has said it will take steps to ensure that "no one is left behind"

The Independent UK

Nine new banking hubs recommended to help communities access money

Banking hubs are a shared banking space on the high street to help people continue to access their cash as bank branches close.

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