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The Latest Breaking News on Financial Services

Santander issues urgent warning after a woman loses £80,000

The bank discovered that more than 70 per cent of purchase scams can be found on social media

Manchester Evening News

Lloyds bank predicts 8% fall in house prices as its profits tumble

Larger-than-expected drop in profits to £1.5bn in third quarter comes despite rising interest rates

The Guardian - UK

FTSE 100 Live: Amazon shares plunge, gas prices plummet 60%, Euro dips

Amazon’s slide in value and Elon Musk’s Twitter takeover have led to a dramatic few hours in Wall Street’s Big Tech sector.

Evening Standard

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Banks forecast sharp interest rate hike

Mortgage holders are likely to see repayments jump even higher as the inflation dragon proves harder to slay than expected.

AAP

EXPLAINER: What's up with the Bank of Japan's unique track?

Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm, keeping its key interest rate at minus 0.1%

The Independent UK

ANZ beats expectations but shares fall

Big four lender ANZ has outperformed expectations with a $6.5 billion full-year profit and a higher dividend, but its shares have dropped nearly four per cent.

AAP

Santander issues scam warning to everyone who has a bank account with them

The warning has been issued due to a purchase scam that has been circulating around the UK, resulting in one woman losing a whopping £80,000 due to the criminals trickery.

Glasgow Live

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Barclays beats City forecasts, but bad debts rise

RISING interest rates pushed Barclays to £2 billion profit for the last three months, about £200 million better than City forecasts.

Evening Standard

Barclays profits soar past forecasts to reach £2bn on back of rising interest rates

Results will further fuel calls for the government to tax banks’ excess earnings

The Guardian - UK

Krungsri remains upbeat on mortgage demand in Q4

Bank of Ayudhya (Krungsri) believes the trend of rising interest rates will not affect real demand for mortgages, predicting positive demand in the final quarter this year.

Bangkok Post

Santander issues warning to customers after woman scammed out of £80,000

Santander issued the warning and said in one case, sadly a 61-year-old woman was persuaded to make several payments to someone she thought she had made friends with

Edinburgh Live

Santander issues warning to bank account holders over scams

The bank warned one woman lost over £80,000

Nottingham Post

Santander issues warning to bank account holders as woman loses over £80,000

Santander has called for industry-wide rules for all banks to prevent people being tricked into transferring cash to fraudsters through so-called authorised push payment (APP) scams

Daily Mirror

Banks start cutting mortgage rates for first time since disastrous mini-Budget

Banks and building societies are starting to cut prices for their new mortgages, offering relief to struggling homeowners facing soaring home loan prices this year

Daily Mirror

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Chronicle Live

Santander issues warning to account holders after woman nearly lost £80,000

It comes as a 61-year-old woman was persuaded to transfer more than £80,000 in total

The Guardian - UK

Calls for UK banks windfall tax as HSBC reports profits of $700m more than predicted

Bank records quarterly profits above $3.2bn estimated as interest rates rise on back of higher borrowing costs

Evening Standard

HSBC ditches finance chief as calls for windfall tax grow

HSBC today kicked off bank reporting season with a boom in profits that is likely to add to calls for a windfall tax on the sector – and revealed the surprise departure of number two executive Ewen Stevenson.

Evening Standard

FTSE 100 Live: Jeremy Hunt to stay as chancellor; HSBC profits fall

Big Tech shares were shaken last night after Google and YouTube parent company Alphabet posted weaker-than-expected revenues and earnings figures.

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news in one place.

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Daily Record

Santander warns bank account holders after woman loses £80k in transfer scam

Liverpool Echo

Santander issues warning to bank account holders

One woman nearly lost £80,000

Bangkok Post

Listed banks see healthy Q3

Listed banks posted stronger results in the third quarter year-on-year thanks to lower loan-loss provisioning and the economic recovery.

The Guardian - UK

Banks may see higher tax as a price worth paying for economic stability

Third-quarter profits will be subdued, but many lenders will accept a tax raid to boost the public finances (and their own image)

Reuters

China central bank head likely to step down amid reshuffle

China's central bank chief Yi Gang is likely to step down after he was dropped from an elite body of the ruling Communist Party, with a former central banker a leading contender to succeed him, sources close to the central bank said.

Manchester Evening News

'There was umpteen of them, now they've all gone': The Greater Manchester town that lost all its banks

"I'm not being funny but us old uns' wouldn't have a clue how to do it online"...Six years ago Radcliffe, a town of 30,000 people, had three banks and a building society - now there's none left

The Times of India

IDBI Bank logs best-ever quarterly net income at Rs 828 crore

MUMBAI: IDBI Bank has come out with best-ever quarterly numbers on Friday, logging in a 46 percent growth in net income at Rs 828 crore for the September quarter.

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