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The Latest Breaking News on Financial Services

Banks get time till December-end to execute revised agreement with locker holders

MUMBAI: The RBI on Monday extended the time till December-end for banks to enter into revised agreements with safe deposit locker holders as a large number of customers are yet to do so.

The Times of India · Jan 23, 2023

Three banks are giving away up to £200 free if you don't have account with them

Santander has joined Lloyds and first direct in offering non-customers free money

Wales Online · Jan 23, 2023

Downtown Chicago office space: Pockets of demand amid slow market

Experts say there’s a clear split between “have” and “have-not” buildings as big companies favor modern space heavy on amenities.

Chicago Sun-Times · Jan 23, 2023

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Developer Oceanwide and Tycoon Lu Zhiqiang Sued in $1 Billion Loan Dispute

China Minsheng Bank is pursuing the firm and its de facto controller for billions of yuan in unpaid debt that they guaranteed

Caixin Global · Jan 23, 2023

Sri Lanka seen holding rates as inflation fight continues; IMF deal key

The Central Bank of Sri Lanka (CBSL) is widely expected to hold interest rates steady this week, having raised them last year to their highest in more than two decades in order to fight runaway inflation while seeking an International Monetary Fund bailout.

Reuters · Jan 23, 2023

Lloyds Banking Group appoints pensions expert as Scottish chair

Promotion comes as Philip Grant retires after 40 years' service

Insider UK · Jan 23, 2023

U.S. wants to see quicker progress on World Bank reforms- Yellen

U.S. Treasury Secretary Janet Yellen on Sunday said the United States wanted to see quicker progress on the World Bank's plans for expanding its lending capacity to address climate change and other global crises.

Reuters · Jan 23, 2023

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Rising rates sustain gains in banks' profits

The trend of rising interest rates supported net profit growth among Thai banks last year, while the banking industry saw strong demand for loans in line with the country's economic recovery.

Bangkok Post · Jan 22, 2023

Who is Richard Sharp, the BBC chairman facing calls for investigation? OLD

The former banker worked for more than 30 years in the financial sector, including a 23-year stint at investment giant Goldman Sachs.

The Independent UK · Jan 22, 2023

'Iconic' former bank in affluent village on the market

The house has its own bar and balcony

Liverpool Echo · Jan 22, 2023

Martin Lewis' word of warning to anyone who uses a debit card

The Money Saving Expert warned that 'debit cards are now danger cards' if you're overdrawn

Manchester Evening News · Jan 22, 2023

Profits of Omani Banks Rise 20%

Total net profits of Omani banks listed on the Muscat Stock Exchange (MSX) jumped by 20.6 percent to RO409mn in 2022 as compared to RO338.9mn profits reported in 2021. Preliminary financial results recently announced by the listed banks on the Muscat Stock Exchange showed an increase in profits of all…

Asharq Al-Awsat · Jan 22, 2023

Can Wall Street survive climate change?

The Federal Reserve is putting the country's biggest banks to a test

Salon · Jan 22, 2023

BBC chairman helped Boris Johnson arrange £800,000 loan before being given top job

The chairman of the BBC is understood to have helped arrange a guaranteed loan for the Prime Minister. It has raised questions about his appointment to the role.

Wales Online · Jan 21, 2023

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Edinburgh Live · Jan 21, 2023

Old Edinburgh RBS office looks unrecognisable as demolition job begins

The office, which is in the process of being demolished, is a space that hundreds if not thousands of Edinburgh and Lothians residents would have travelled to for work over the years.

Nottingham Post · Jan 21, 2023

Lloyds Bank confirms Beeston branch will close

It's the third bank to shut in the area in recent times

Liverpool Echo · Jan 21, 2023

HMRC warning as millions have just 10 days to avoid £100 fine

Self-assessment tax returns are due on January 31

Wales Online · Jan 21, 2023

How a couple transformed a derelict old bank into a dream home with astounding interiors

Eclectic, creative and bolder - could you be this brave?

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ABC News · Jan 20, 2023

Acclaimed Indian journalist slams ICICI Bank's 'silent arrogance' over failed WA coal mine

A leading Indian investigative reporter has labelled the country's biggest private bank, which is at the centre of an unfolding energy crisis in Australia, secretive and "arrogant".

The Independent UK · Jan 20, 2023

Jamaica under scrutiny for fraud scandal that hit Usain Bolt

An investigation into a private investment firm in Jamaica where $12.7 million belonging to sprinter Usain Bolt has gone missing has sparked criticism over how the government has handled the case

Reuters · Jan 20, 2023

European prosecutors hear Lebanese bankers in central bank commission probe

Lebanese bankers told European prosecutors they believed that commissions now at the centre of a graft probe had been paid to the central bank, four sources said, while investigators suspect the cash illegally ended up with the governor's brother.

Asharq Al-Awsat · Jan 20, 2023

Lebanon Central Bank Sets New Rate for Withdrawals from Dollar Deposits

Lebanon's central bank said on Thursday it had set a new rate of 15,000 Lebanese pounds to the US dollar for withdrawals from bank deposits denominated in dollars, but which can now can be accessed largely in the local currency. The rate was previously set at 8,000 pounds under central…

Dublin Live · Jan 20, 2023

KPC and Ulster Bank issue final warning as closures loom

Both banks have announced their phased withdrawal from Ireland and began limiting operations in 2022

The Guardian - UK · Jan 20, 2023

‘It will affect all of us’: how bank closures have hit one UK town

In a week when several big banks announced they were axing branches, we talk to locals concerned over effect on elderly and vulnerable people

Manchester Evening News · Jan 20, 2023

All the Halifax and Lloyds branches set to close - including two in Greater Manchester

18 Halifax sites and 22 Lloyds branches will close over the coming months

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