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The Latest Breaking News on Financial Services

Climate activists target fossil fuel backing bank in Glasgow on eve of COP27

XR activists staged a protest outside of JP Morgan's Glasgow office

The National (Scotland)

Glasgow bank entrance blocked by climate activists protesting 'failure' of COP26

Climate activists from Extinction Rebellion locked themselves onto oil barrels at the Glasgow branch of an investment bank a year on from the COP26 summit in the city.

Glasgow Live

Exclusive-Zambia says EximBank to represent Chinese lenders in debt talks

The Export-Import Bank of China (EximBank) will lead Beijing's team to renegotiate nearly $6 billion of loans that Zambia owes to Chinese state-owned creditors, the country's finance ministry told Reuters on Thursday.

Reuters

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Ant digital bank expands in Singapore with small business loans

Ant Group Co’s Singapore digital wholesale bank will start offering loans to small and medium-sized businesses, as the Chinese fintech giant extends its reach in the city-state.

Bangkok Post

Big banks face scrutiny over business with Myanmar lender

Australian and Singaporean lenders accused of facilitating transactions with Myanmar military-owned bank.

Al Jazeera

Risk of global financial crisis spiking

I am writing this article in Tokyo. Judging from my walks around the city during the past week, and despite the fact everyone is wearing face masks, it's like Covid has vanished. Subways and trains are jam-packed and shopping areas are full of people. However, the pandemic has left some…

Bangkok Post

What changes are banks making to interest rates?

A flurry of banks have passed on interest rate rises to borrowers after the Reserve Bank increased the cash rate by 0.25 percentage points on Tuesday.

ABC News

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Hong Kong, struggling to revive hub status, sells 'China advantage' to global banks

Hong Kong and Chinese officials on Wednesday touted the city's connection to the world's second-largest economy as they looked to restore its reputation as a global financial hub after years of punishing COVID crackdowns.

Reuters

ANZ faces further pressure over Myanmar ties

Trans-Tasman bank's connection to a Myanmar corporation supporting the military junta draws criticism.

Newsroom.co.nz

Four financial counsellors give us their best tips for navigating Australia's cost-of-living crisis

Four financial counsellors offer useful, practical tips — to help those of us struggling with the rising cost of living — to keep our heads above water.

ABC News

Blunt instrument of interest rates targets inflation but hits borrowers and jobs

Editorial: Interest rates the hammer and the nail

Newcastle Herald

UOBT wants to double its local retail customer base

United Overseas Bank (Thai) or UOBT has set an ambitious goal to double its retail customer base in the Thai market over the next several years after an integration between UOB Group and Citigroup's consumer banking businesses.

Bangkok Post

Bank of England begins selling government bonds

Central bank in bid to reduce its emergency stimulus to the economy and fend off claims it has lost its independence

The Guardian - UK

Three warning signs you are being targeted in new scam, according to Bank of Ireland

Fraudsters are doubling down on their efforts to access customers’ accounts

Dublin Live

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The Independent UK

Cyclone, absences threaten to dull Hong Kong finance meeting

A tropic storm and absences of VIP guests are casting a shadow over a financial conference meant to help Hong Kong restore its image as a financial hub and destination for business travel

Bangkok Post

Singapore's UOB completes deal for Citi's Thailand, Malaysia retail banking ops

SINGAPORE: Citigroup said on Tuesday it had completed the sale of its Thailand and Malaysia retail banking businesses to Singapore's United Overseas Bank (UOB) in a transaction expected to result in a regulatory capital benefit of $1 billion.

Al Jazeera

Russian tycoon Oleg Tinkov renounces citizenship over Ukraine war

Billionaire banker says he will not be associated ‘with a fascist country’ that is ‘killing innocent people daily’.

The Guardian - AU

Afternoon Update: More rate pain for borrowers; Gold Trip wins Melbourne Cup; and China unhappy with B-52 plan

The Reserve Bank makes its inevitable inflation response. And most Australians don’t care about the cup

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news in one place.

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The Independent UK

Australian cash rate rises for 7th straight month to 2.85%

Australia’s central bank has boosted its benchmark interest rate for a seventh consecutive month to a nine-year high of 2.85%

ABC News

How much extra could mortgage repayments cost now the cash rate is 2.85 per cent?

Tell us your loan size, term and interest rate, and our mortgage repayment calculator will work out how much extra you may have to pay on your loan.

The Guardian - AU

Australian borrowers hit again as RBA raises interest rates by 25 basis points to 2.85%

Reserve Bank raises rates for seventh time in attempt to bring inflation under control

Caixin Global

Digital Yuan Puts Priority on Privacy Protection, PBOC Chief Says

Central Bank Governor Yi Gang outlines e-CNY measures to protect personal data while combatting illicit activities

Evening Standard

Don’t believe everything the big banks tell you about themselves

Bankers are paid to dream up clever ways to make money, and occasionally one of their schemes breaks cover, as we saw earlier this month with the derivatives bought by pension funds

Newsroom.co.nz

Breaking the barriers between banks and the Māori economy

Renata Blair is a bridge between worlds – he’s opening doors to the rapidly growing Māori business sector by aiding the bank’s understanding and connection to Te Ao Māori.

Manchester Evening News

Warning to UK homebuyers as experts say 'mortgage pain is far from over'

“The mini-budget spooked the financial markets"

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