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The Latest Breaking News on Financial Services

Commonwealth Bank adding anti-scam features to its apps

CBA is rolling out a new feature to help ensure payments sent to a BSB and account number are actually going to the right person or company.

AAP · Feb 2, 2023

King Charles III’s portrait will not feature on Australia’s new five dollar banknote

The future design is intended to pay tribute to "the culture and history of the First Australians"

Wales Online · Feb 2, 2023

Australia’s new $5 banknote will feature Indigenous history instead of King Charles

Government backs Reserve Bank decision to replace Queen Elizabeth II’s portrait with design ‘honouring culture and history of First Australians’

The Guardian - AU · Feb 2, 2023

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King Charles III won't appear on new Australian bank notes

Australia's central bank says King Charles III won’t feature on the new $5 bill, signaling a phasing out of the British monarchy from Australian bank notes, although he is still expected to feature on coins

The Independent UK · Feb 2, 2023

King Charles’ portrait will not feature on Australia’s new five dollar banknote

An effigy of the Queen will continue to be printed on Australia’s coins until the Royal Australian Mint transitions to a portrait of the King.

The Independent UK · Feb 2, 2023

Australia to replace monarch on banknote with design honouring Indigenous culture

Australia will replace the portrait of Queen Elizabeth II on its A$5 banknote with a new design to reflect and honour the history of its Indigenous culture, the country's central bank said on Thursday.

Reuters · Feb 2, 2023

Unite calls for emergency windfall tax on banks

Profits in the sector have mainly been generated by interest rate rises, said the union.

The Independent UK · Feb 2, 2023

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Australian $5 note redesign won't feature King Charles, as Queen Elizabeth portrait removed in update

King Charles won't be replacing the late Queen on the new $5 note, after the Reserve Bank decides to honour First Nations culture instead.

ABC News · Feb 1, 2023

The Queen will go, but Charles won't replace her on $5 note

The Reserve Bank has decided to update the note to feature a new design.

Newcastle Herald · Feb 1, 2023

Queen swapped for Indigenous design on future $5 notes

An Indigenous design will replace the portrait of Queen Elizabeth II on Australian five-dollar notes in a move that has rankled monarchists.

AAP · Feb 1, 2023

The Fed will be in the thick of the debt limit mess

The Fed could have a plethora of issues on their hands, including a debt limit standoff.

Axios · Feb 1, 2023

Virgin Money launches first sub-4% fixed rate home buying mortgage since October

Milestone deal comes on the eve of an expected rate rise from the Bank of England

Evening Standard · Feb 1, 2023

China has not done enough on Sri Lanka debt restructuring - U.S. diplomat

The United States wants China to provide credible and specific assurances to the International Monetary Fund (IMF) along with other creditors to help Sri Lanka unlock a $2.9 billion bailout, a senior U.S. diplomat said on Wednesday.

Reuters · Feb 1, 2023

Premier Asset Finance founder and chief retires

Edinburgh-based firm names successor, promoting from within

Insider UK · Feb 1, 2023

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The Independent UK · Feb 1, 2023

FCA must increase staff pay or it risks failing public, Unite says

The Financial Conduct Authority is being pushed towards ‘breaking point’ because of the number of staff leaving the business, Unite said.

Daily Mirror · Feb 1, 2023

Bank of Dave self-made millionaire giving away money to keep his kids working hard

The self-made mogul who has loaned out millions to people following the 2008 financial crash says huge inheritances can 'spoil' children and wants his son and daughter to know the value of making their own

Asharq Al-Awsat · Feb 1, 2023

Lebanon Devalues Official Exchange Rate by 90%

Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its market value. The pound has crashed since a financial meltdown in 2019 after decades of corruption, profligate spending and mismanagement by the…

Nottingham Post · Feb 1, 2023

Warning as pensions lose thousands in scam where 'cruel' fraudsters pretend to be police

Fraudsters posing as cops have told the victims their bank has been issuing fake bank notes

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Birmingham Post · Feb 1, 2023

Virgin Money reports growth but notes impact of economic problems on customers

The bank increased business lending despite the winding down of Government loan schemes linked to the pandemic

Glasgow Live · Feb 1, 2023

Glasgow carer stole £20,000 from frail old lady to pay her son's drug debt

Linda Dobbie took cash from elderly Anne Beck's bank account on a regular basis for more than a year before she was rumbled by bosses at the care firm where she worked.

Asharq Al-Awsat · Feb 1, 2023

Iraqi PM Says Banking Reforms Reveal Fraudulent Dollar Transactions

Iraq's premier said Tuesday that new banking regulations had revealed fraudulent dollar transactions made from his country, as the fresh controls coincide with a drop in the local currency's value. Iraq has in recent months been making efforts to ensure its banking system is compliant with the international electronic transfer…

Bangkok Post · Jan 31, 2023

KKP trims annual loan growth to 13%

Kiatnakin Phatra Financial Group, a holding company of Kiatnakin Phatra Bank (KKP), aims to slow down total loan growth for this year to handle the higher risk of rising financial costs and the global recession.

Birmingham Post · Jan 31, 2023

New chair for Wales' only FTSE 100 firm Admiral

Mike Rogers is expected to take over from outgoing chair Annette Court in April

Glasgow Live · Jan 31, 2023

We shopped in Tesco and Morrisons for 10 essentials and were shocked by the price difference

We have been looking at just how much our food - and drink - is costing us nowadays due to the rise in the cost of living. So taking look at Tesco and Morrisons, this is what we found.

Birmingham Post · Jan 31, 2023

Medical equipment supplier putting £1.7m in East Mids HQ

Hospital Services Limited has supplied the NHS and private health care providers in Ireland for 60 years

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