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The Latest Breaking News on Financial Services

World Bank criticised over climate crisis spending

Oxfam research suggests up to 40% of bank’s reported climate-related spending cannot be accounted for

The Guardian - UK

NatWest raises mortgage rates in line with its rivals

Lender takes unusual move of issuing notice to brokers on Sunday, saying it was increasing its rates

The Guardian - UK

Regional Banking Taskforce calls on banks to improve communication when closing branches

The Regional Banking Taskforce is calling on banks to improve communication with regional customers and ensure local councils receive forewarnings of branch closures.

ABC News

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World Bank to Give Ukraine $530 Mln in Additional Aid

The World Bank has said it will provide an additional $530 million in support to Ukraine, bringing the total aid by the bank to $13 billion, as Russia's invasion of the country continues, reported Reuters. The aid is supported by the United Kingdom ($500 million) and the Kingdom of Denmark…

Asharq Al-Awsat

World Bank to give Ukraine $530 million in additional aid

The World Bank has said it will provide an additional $530 million in support to Ukraine, bringing the total aid by the bank to $13 billion, as Russia's invasion of the country continues.

Reuters

Inside the breakdown of the UK’s mortgage machine

Market turmoil sparked by mini-budget saw banks scrambling and 1,688 home loans pulled from shelves

Financial Times

Edinburgh Tesco Bank staff face axe at same time company books 'laughologist'

Workers are understood to have been angered by the company's decision to hire a professional 'laughologist' to support workers mental health at the same time that they are letting hundreds of workers go.

Edinburgh Live

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Legal battle over Miami bank allegedly controlled by Venezuela intensifies

The legal battle over the control of a Miami bank alleged to have been secretly run by the Venezuelan government is heating up, following the efforts of its original owner to take back the reins of the bank’s Curaçao-based parent company.

Miami Herald

Safety deposit boxes headed toward extinction at Chase

You’ll no longer be able to store your precious coins, jewelry and paperwork at JPMorgan Chase & Co., as the bank has stopped opening new safety deposit boxes for customers

The Independent UK

Barclays suffers $361m fine from US regulators over trading blunder

The Securities & Exchange Commission said once the bank realised its error, it alerted regulators and has tried to make amends for its mistake.

Evening Standard

All is not normal in the City, however it looks

City Comment: Pinstripes make a return, but business is down

Evening Standard

Kazakhstan replaces ex-leader with eagle on banknote

Kazakhstan’s central bank presented a new banknote design on Friday, identical to an older one with one major exception - ex-president Nursultan Nazarbayev’s portrait has been replaced with an eagle silhouette.

Reuters

Banks told to do better on branch closures

Customers in regional and rural communities must be given better support when banks decide to close their local branches, a task force has found.

AAP

Pat Flanagan column: €100m Bank of Ireland fine again proves that Ireland is a hotbed of white-collar crime

The record fine imposed by the Irish Central Bank has actually not been levied on BoI but on its customers

Irish Mirror

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Daily Record

Tesco Bank books 'laughologist' for staff wellbeing while cutting over 200 Scots jobs

Workers are said to be furious after being told their jobs were at risk - bookended with the news that a comedy-themed trainer was visiting the office.

Newcastle Herald

Mutuals keep banking sector in check

Newcastle Herald readers have their say

Liverpool Echo

Bingo hall firm hoping numbers come up for Old Swan plans

Merkur Slots UK hope to open new venue in grade II former Barclays building

The Guardian - UK

Civil service union urges honesty on public sector cuts amid austerity fears

Departments report being asked to find ways to reduce borrowing after Kwasi Kwarteng’s mini-budget

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Bangkok Post

China gears up for yuan defence

China’s central bank has asked major state-owned banks to be prepared to sell dollars for the local unit in offshore markets as it steps up efforts to stem the descent of the yuan, four sources with knowledge of the matter said.

Chronicle Live

CCTV appeal after elderly woman has envelope full of cash stolen inside Halifax in Sunderland

The theft took place at Halifax in Sunderland's Bridges Shopping Centre shortly after the woman in her 70s had withdrawn the money

Dublin Live

Bank of Ireland issued €100 million fine over tracker mortgage scandal

The Central Bank found that the mishandling of tracker mortgages led to the loss of 50 properties, 25 of which were family homes

Irish Mirror

Bank of Ireland fined over €100m by Central Bank for tracker mortgage breaches

The investigation also found that the bank had failed to warn customers about the consequences of decisions relating to their mortgages.

The Guardian - UK

Mark Carney accuses Truss government of undermining Bank of England

Former governor’s comments come after central bank forced into £65bn intervention to avert financial crisis

The Independent UK

Liz Truss government ‘undercutting’ economic institutions, says ex-Bank of England governor

Mark Carney says mini-Budget measures ‘working at some cross-purposes’ with central bank

ABC News

Pressure mounts on Victorian government to fund Daylesford Hospital upgrade after bank's 'significant' pledge

A community bank promises $750,000 to help upgrade Daylesford Hospital, as the town's frustration about silence from the state government grows.

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