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The Latest Breaking News on Financial Services

SAMA: New System Seeks to Expand Banking Activities

The Saudi Central Bank (SAMA) said that it expected the new project to regulate the banking system in the country to expand the definition of banking business, include the granting of credits, and specify accurately the system objectives and scope. In a statement on Thursday, SAMA said that one of…

Asharq Al-Awsat

Nigeria launches domestic card scheme to boost cashless economy

The move is part of the central bank’s moves to reduce cash flow within the borders of Africa’s biggest economy.

Al Jazeera

Northern Ireland job market primed for upheaval as two thirds look for a new job

Rising costs mean the lure of a higher paid role is prompting many to look elsewhere

Birmingham Post

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"Centre Cutting Its Share In Funding Education": Bihar Finance Minister Vijay Choudhary

Stating that the Centre has "expertise in renaming" schemes, Bihar Finance Minister Vijay Kumar Choudhary alleged that the Union government has reduced its share in funding education from 90 per cent to 60 per cent. Read full story on Dynamite News:

Dynamite News

Thieves used man's phone apps to steal £22,500. Bank said it was his fault

Pickpockets took the phone then unlocked it to access the banking apps, draining accounts of their money

Wales Online

US Virgin Islands seeks Epstein documents from Barclays

The U.S. Virgin Islands asked a U.S. court to order Barclays Plc to turn over documents related to the relationship its former chief executive officer Jes Staley had with sex-offender Jeffrey Epstein.

Tribune News Service

Government banks unveil higher loan interest levels

State-run banks have begun to raise loan interest rates for the first time in years, in line with the Bank of Thailand's policy rate hike on Wednesday.

Bangkok Post

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NatWest bank closures: Which London branches are closing?

The high street bank recently announced a further 27 branches will shut over the course of the year.

Evening Standard

IMF mission to visit Pakistan this month to discuss stalled bailout programme

An International Monetary Fund mission will visit Pakistan later this month to discuss the stalled ninth review of the country's current funding programme, the lender's resident representative said on Thursday, with the cash-strapped nation's economy in turmoil.

Reuters

Bank of Ireland's UK chief executive quits for role at Provident Financial

Ian McLaughlin has been at the helm of the Irish bank in the UK since 2019

Birmingham Post

Cash-strapped Pakistan's rupee plunges amid talks with IMF

Cash-strapped Pakistan’s currency has plunged against the dollar after the government indicated it was ready to comply with tough conditions set by the International Monetary Fund

The Independent UK

Bangkok Bank raises loan and deposit rates

Bangkok Bank said on Thursday it would raise deposit rates by a maximum of 0.25 percentage points and increase loan rates by between 0.15 and 0.20 points.

Bangkok Post

Couple scammed out of £77,000 by cowboy builders for a job that should cost just £1,000

Professor Nigel Wilson and his wife Dr Hanneke Wilson sent £77,000 to rogue builders for roof repairs at their home which usually cost around £1,000, Oxford Crown Court heard

Daily Mirror

TSB staff and bosses to share £29.8m bonus pot after record profits

Bank hails successful turnaround from IT meltdown in 2018 with profits up 16.5% to £182.5m

The Guardian - UK

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Daily Mirror

Inside UK town so poor 'children have no shoes' and parents turn to loan sharks

The seaside town of Withernsea, East Yorkshire, relies on seasonal trade and has seen good times in the past but families have cut trips to the coast as their budgets bite and the town struggles

Wales Online

NatWest closing another 23 branches in 2023 - where they are and when they will shut

They are in addition to 43 closures already announced for this year

Manchester Evening News

Natwest adds to high street bank closures in 2023 - the full list including Lloyds and Halifax

The sites will close between late April and the beginning of June

Manchester Evening News

NatWest announces closure of high street bank in Horwich

It's one of 23 banks set to shut this year

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Birmingham Post

Full list of 23 NatWest branch closures happening in 2023

The high street bank has announced plans to shut more sites over the course of this year

Liverpool Echo

Natwest to close 23 more branches this year - see full list of affected branches

The list includes a site in Bootle

Birmingham Post

UK taxpayer stakes revealed in companies that recently raised over £12m

Also included in the updated list is Steama Company and The Lakes Distillery Company

Daily Mirror

NatWest to shut 23 more bank branches this year - see full list of closures

The closures, which are scheduled to take place from April to June, are down to more people banking online and come on top of 43 NatWest branches already earmarked to close this year

Daily Mirror

Inside 'baby bank' where desperate mums who can't afford nappies or clothes turn

A 'baby bank' in London is helping desperate parents who cannot afford basic necessities for their children including nappies, clothes and toys. Volunteers expect 2023 to be even busier than 2022

Wales Online

Surge in current account customers switching banks

Record number used seven-day switching service as rivals offer strong incentives to move accounts

Tribune News Service

US Treasury denies Republicans’ request for Hunter Biden records

WASHINGTON — The U.S. Treasury Department refused Wednesday to provide House Republicans any suspicious activity reports it may have on foreign banking and other business transactions by Hunter Biden and other members of President Joe Biden’s family.

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