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The Latest Breaking News on Financial Services

NatWest closures: The 43 bank branches set to shut across the UK as Ayr among the casualties

The firm is making wide-ranging cuts to its estate heading into the new year.

Daily Record

NatWest announces closure of 43 banks across UK - full list of locations

Check the full list of branch closures across the country

Manchester Evening News

Glasgow NatWest bank branch to shut as part of nationwide closures

NatWest has announced that it will be shutting 43 of its branches across the UK, including ones in Glasgow, Edinburgh, and Aberdeen, as part of its transition to online banking

Glasgow Live

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World Bank preparing to disburse another $530 million to Ukraine-Malpass

World Bank President David Malpass said on Thursday that the lender is preparing to disburse another $530 million to Ukraine by the end of October, financing enabled by guarantees from Britain and Denmark that brings total World Bank disbursements to the war-torn country to about $11 billion this year.

Reuters

Full list: NatWest reveals plans to close 43 bank branches

Six jobs are expected to be put at risk as part of the closures

Birmingham Post

NatWest set to shut 43 bank branches across UK

Branches in Edinburgh, Glasgow and Aberdeen are among those closing

Insider UK

NatWest to close 43 bank branches in UK - full list

Only six jobs will be put at risk by the move

Wales Online

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NatWest to shut 43 bank branches across UK

The UK’s second biggest lender said the vast majority of its retail banking services can now be done digitally.

The Independent UK

NatWest bank to close 43 branches as it moves away from high street shops

NatWest will shut 43 high street banks for good next year, as it blamed more people using its online services for the mass closures. See which branches will close below

Daily Mirror

Hong Kong tries to stop brain drain

HONG KONG: Hong Kong is considering easing property taxes and visa restrictions as authorities seek to curb a pandemic brain drain that has threatened the city’s status as an international financial hub.

Bangkok Post

'Bollocks' Tory toff Jacob Rees-Mogg savaged after trying to shift mini-budget blame

The Business Secretary claimed economic turmoil was the fault of the Bank of England failing to raise interest rates in line with the United States.

Daily Record

Permanent TSB warning to customers after increase of 'smishing' and 'vishing' scams

The sophisticated scams manage to gain access to accounts and personal information

Dublin Live

Australian banks hit with payment transfer outage as RBA blames technical error

Reserve bank says system is back up and running on Thursday, and they are working to clear the backlog

The Guardian - AU

Solid decline in East Midlands business activity according to latest NatWest survey

Worrying economic survey came ahead of the full impact of Kwasi Kwarteng's much criticised mini budget

Birmingham Post

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ABC News

Health insurer Medibank Private hit by cyber attack

The health insurer says it detected "unusual activity" on its network on Wednesday, and clients will face disruptions.

Reuters

When Chinese protesters came up against Xi's security machine

Jack Yao, a Chinese Communist Party member, never wanted to be an activist.

ABC News

Osko fast payment crash blamed on Reserve Bank technical problem

A major outage of online fast inter-bank transfer system Osko leaves payments in limbo, with the Reserve Bank admitting fault.

AAP

RBA fesses up to nationwide bank outages

The central bank has blamed a technical error on the industry-wide bank transfer outage that left customers furious.

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news in one place.

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Chronicle Live

What the Bank of England’s emergency scheme ending means for pensions

The Bank of England confirmed that its bond-buying measures will end on Friday, sparking concern over the stability of pension funds

The Guardian - UK

Cliff edge looms for UK’s financial system

BoE’s move to end bond buying is a big gamble given the magnitude of the bind Britain is in

The Guardian - UK

The Bank of England governor plans to stick – but it is a gamble

Andrew Bailey’s tough stance fuels the danger that ending one form of emergency intervention creates a need for a bigger one

Irish Mirror

Irish spending data paints gloomy picture amid huge drop in people going to pubs and buying treats

The belt is being tightened by millions of people

The Times of India

RBI asks entities to stop obtaining ratings from Brickwork Ratings

MUMBAI: The Reserve Bank on Wednesday directed entities falling under its regulations to immediately stop obtaining any new ratings from Brickwork Ratings India, which has been asked by Sebi to wind down operations.

The Times of India

SBI, HDFC offer home loans at 8.40% as part of festive sales

MUMBAI: Despite rising interest rates, leading home loan players SBI and HDFC have announced discounted interest rates beginning at 8.40 per cent as part of their festive offerings.

Wales Online

Economists fire back after Rees-Mogg tries to pin blame on others for mini-budget chaos

Senior Conservative says it was all down to Bank of England’s failure to raise interest rates in line with the US

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