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The Latest Breaking News on Financial Services

Aldi underpaid Sydney workers, judge finds

The Federal Court has found supermarket chain Aldi underpaid workers at a Sydney distribution centre by making them commence work before their rostered start.

AAP

Australian Rules-Essendon CEO quits after one day in the job over church links

Andrew Thorburn resigned as chief executive of Australian Football League club Essendon a day after his appointment following an immediate backlash over his links to a church that expressed opposition to homosexuality and abortion.

Reuters

'Check your records often' advises IT expert caught in online scam

Stolen data travels globally with a few keystrokes, leaving scammed customers wondering where their details will turn up next.

The Canberra Times

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Is SAFE Banking Act For Cannabis Moving Closer To Passing? This Analyst Says Yes

Cantor Fitzgerald’s analyst Pablo Zuanic, who recently met with lawmakers in the nation's capital said congressional leaders are poised to pass banking legislation for the cannabis industry in

Benzinga

Trading Credit Suisse's Technical Levels As Markets Sweat The Bank's Future

It is hard to imagine that Monday's news cycle on Credit Suisse Group AG (NYSE: CS) would have a positive impact on

Benzinga

Credit Suisse Lending Clients Spooked By Swiss Bank Financial Health Concerns

Credit Suisse Group (NYSE: CS) shares have been volatile this week amid ongoing concerns over the Swiss bank's financial health.

Benzinga

RBA decision risks higher cash rate peak

The central bank has shifted gears and moderated its rate hikes, with some economists concerned this could prolong the rate hiking cycle.

AAP

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How the tech giants are innovating to weather the looming downturn

Rising inflation and looming recessions are squeezing household finances, but businesses also worry about an economic downturn. This is not just because of higher bills, but also because consumers spend less and finance from banks and investors dries up when the economy worsens.

The Conversation

Why the UK transport sector is facing increasing challenges

Professor Stuart Cole looks at how global oil and currency prices are impacting transport in Wales and the UK

Birmingham Post

Benzinga's Top Ratings Upgrades, Downgrades For October 4, 2022

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Benzinga

Mortgage customers face €300 a month hike unless they act fast after rates bombshell

The ECB hiked rates by 1.25% over the past few months and so far the likes of Bank of Ireland and Permanent TSB have not passed on the pain to customers

Irish Mirror

Why a £40m Barclays litigation case on dangerous breast implants could prove a gamechanger

City Voices: A case due to be heard later this year could open the floodgates to a new form of ‘Quincecare’ claims against secured lenders write Piers Elliott and Philip Henderson

Evening Standard

Depositors storm 4 Lebanese banks, demanding their own money

Lebanese depositors have stormed at least four banks after the country's crippled financial institutions partially reopened

The Independent UK

Head of EU's lending signals joint action plan for COP and giant Ukraine fund

The head of the European Union's powerful lending arm has urged leaders not to backslide on climate targets amid the energy crisis and signalled a joint action plan from the world's top development banks at next month's COP 27 summit and on Ukraine.

Reuters

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Evening Standard

HSBC explores sale of Canadian operations after calls for break-up

HSBC has come under pressure from its largest shareholder to improve profits

The National (Scotland)

John Swinney: I can’t promise to insulate Scotland from UK's ‘fiscal recklessness’

Markets spiralled in September after Chancellor Kwasi Kwarteng announced plans the Government hoped would drive economic growth.

Dublin Live

Social welfare Ireland: Ulster Bank extends account closure deadline until November for one-off welfare payments

The bank has confirmed the extension is to facilitate easy access to welfare payments allocated in last week's Budget

The Guardian - UK

UK mortgages: average rate on a two-year fixed deal soars to nearly 6%

Government’s 45p tax U-turn and calmer stock markets do not result in cheaper new mortgage deals

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news in one place.

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Al Jazeera

Armed depositors hold up more banks in Lebanon over restrictions

The incident comes amid a wave of bank hold-ups as people grow frustrated over informal capital controls.

The Independent UK

I can’t promise to insulate Scotland from ‘fiscal recklessness’, says Swinney

John Swinney appeared before Finance and Public Administration Committee on Tuesday.

Benzinga

As Credit Suisse Woes Inspire Parallels To 2008 Financial Crisis, Analyst Says 'Much Different Environment, Much Different Situation'

A senior analyst with Bloomberg Intelligence, Alison Williams, said the “key issue” with Credit Suisse Group AG (NYSE: CS) is structural profitability and dismissed parallels drawn with the 2008 financial crisis which saw the

The New Daily

Scams are on the increase, and the police and banks might not help you

Financial scams are rising dramatically and the police and banks probably won't help you if you get stung, according to experts in the field.

Wales Online

Nationwide offering people record £200 to switch accounts in response to NatWest, RBS and Lloyds pay-outs

It is the highest cash freebie on the market

Birmingham Post

Welsh business confidence lowest in UK says Lloyds Bank survey

Trading confidence fell five points to -4% last month

Asharq Al-Awsat

Depositors Storm 4 Lebanese Banks, Demanding Their Own Money

Lebanese depositors, including a retired police officer, stormed at least four banks in the cash-strapped country Tuesday after banks ended a weeklong closure and partially reopened. As the tiny Mediterranean nation's crippling economic crisis continues to worsen, a growing number of Lebanese depositors have opted to break into banks and…

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