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The Latest Breaking News on Financial Services

Metro Bank increases job cuts to 1,000 and ends seven-day branch model

Lender nearly triples size of cost-cutting plan to £80m after autumn rescue deal

The Guardian - UK

Who is Muhammad Aurangzeb, the man tasked with fixing Pakistan’s economy?

A veteran banker, Aurangzeb is a political outsider who analysts say must grapple with IMF reforms and crippling debt.

Al Jazeera

IDBI Bank seeks CBI probe in ₹5 crore delivered to wrong premises incident in Mangaluru

According to I-T officials, bank officials also could not establish through documents the purpose for which the cash had been withdrawn from the vault.

The Hindu

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'No care factor' as banks abandon remote communities

Business owners are having to fly with bags of cash to city banks after a remote branch closed its doors, amid reports of robberies, scams and elder abuse.

AAP

Pakistan PM Appoints Cabinet Tasked With Ending Economic Crisis

Pakistan's 19 new ministers took their oath of office Monday, after an election marred by allegations of vote rigging.

International Business Times

Names and bonds: On electoral bonds scheme, the Supreme Court, and the State Bank of India

In rejecting the State Bank of India’s application for time in data on the electoral bonds scheme, the Supreme Court has sent a message that it will not brook any further delay

The Hindu

Why did the Supreme Court reject SBI’s plea seeking extension of time to disclose electoral bonds data? | Explained

Two NGOs have moved the Supreme Court against SBI for not complying with the Court’s deadline to furnish details about purchased electoral bonds. We explore why SBI has sought time and what the petition seeks.

The Hindu

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'Are we missing something?' - Shock as Halifax becomes fourth lender to up mortgage rates today

“Are we missing something here?” one adviser asked of the flurry of mortgage rate rises

Evening Standard

SC dismisses SBI plea seeking extension of electoral bonds deadline

The Supreme Court has dismissed the State Bank of India’s petition seeking an extension of the deadline to publish information about donations made through electoral bonds. The court has told SBI to disclose the details by Tuesday, and for the Election Commission to publish the data by March 15, according…

Newslaundry

Electoral bonds | Supreme Court nixes SBI plea for more time to provide details

Electoral bonds case: Supreme Court hears SBI's request for extension to disclose electoral bond details, facing contempt allegations.

The Hindu

Supreme Court’s responsibility to protect its dignity: Kapil Sibal on SBI plea on electoral bonds issue

Rajya Sabha MP Kapil Sibal criticizes SBI's delay in revealing electoral bond details, questioning the bank's intentions.

The Hindu

Electoral bonds: SC to hear SBI's plea seeking extension to disclose details on March 11

Electoral bonds: Supreme Court to hear SBI's plea for extension on electoral bond disclosure, amid contempt allegations, on March 11.

The Hindu

Karnataka High Court imposes ₹2 lakh cost on bank for arguing that it will return documents of mortgaged property only to the original borrower knowing well that he is dead

The High Court of Karnataka imposed a cost of ₹2 lakh on a public sector bank for insisting that it would return documents of a mortgaged property only to the original borrower, who is dead, even after accepting the loan amount from the borrower’s 85-year-old father, who voluntarily came forward…

The Hindu

Former bureaucrats ask EC not to announce Lok Sabha schedule pending electoral bonds disclosure by SBI

Former civil servants urge Election Commission to delay Lok Sabha polls until State Bank of India shares electoral bond data.

The Hindu

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The Hindu

Electoral bonds | SBI plea seeking time till June 30 is condemnable: P Chidambaram

P. Chidambaram condemns SBI's delay in revealing electoral bond details, criticizes PM Modi's Tamil Nadu projects, promises reforms if elected.

The Street

Analysts take another look at troubled NY bank

Here's what could happen to New York Community Bank's shares next.

The Hindu

ED attaches ₹376-crore assets in Bhushan Steel case

Enforcement Directorate attaches ₹367 crore assets in Bhushan Steel money laundering case, involving shell companies and fraudulent practices.

The Hindu

Dubious response: On the State Bank of India and the Electoral Bond scheme

The Supreme Court must compel the State Bank of India to furnish the information on the Electoral Bond scheme well before the general election

Get all your
news in one place.

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The Hindu

Electoral bonds case | Five-judge Bench to hold special sitting on SBI plea for more time

Supreme Court to hear SBI's request for extension on disclosing electoral bond details, facing contempt petition.

The Guardian - UK

So much for the challenge from ‘challenger’ banks

The uncomfortable truth is that size remains an enormous advantage in retail banking

Investors Business Daily

IBD 50 Stock First Citizens Bank Still Ripe For The Picking

First Citizens Bank stock is near all-time highs and offers investors an opportunity to buy. The stock has gained around 10% this year so far.

StockNews.com

Propel Your Portfolio Forward With 3 Financial Stocks

The financial services sector has been bolstered by increasing individual wealth, soaring investment activity, and the rise of fintech. Against this backdrop, quality finance stocks Visa (V), Mastercard (MA), and Broadridge Financial Solutions (BR) could be solid buys to propel your portfolio forward now. Read on….

The Hindu

SBI’s arguments for extension of time to provide details on electoral bonds are flawed: Congress

Congress criticizes SBI for delaying disclosure of electoral bond details, accusing PM Modi of hiding corporate donors.

Kiplinger

Ease of Technology Can Actually Complicate Your Financial Life

From the rising threat of identity theft to making it easy to forget about automated subscriptions, technology doesn’t always make our lives easier. Here’s what to be aware of.

Newslaundry

‘Wilfully disobeyed’ SC directions: Contempt plea against SBI over electoral bonds

A contempt petition has been filed in the Supreme Court against the State Bank of India after it reportedly missed the March 6 deadline to disclose information about electoral bonds purchased and encashed since 2019, LiveLaw reported.

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