The Latest Breaking News on Financial Services

When Chinese protesters came up against Xi's security machine

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

Reuters · Oct 13, 2022

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.

ABC News · Oct 12, 2022

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.

AAP · Oct 12, 2022

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 · Oct 12, 2022

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.

The Times of India · Oct 12, 2022

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

Wales Online · Oct 12, 2022

Nottinghamshire high street bank with 3 regular customers announces closure

Customers will have to travel out of town for service

Nottingham Post · Oct 12, 2022

RBI to tell government why it failed to check inflation since January

NEW DELHI: With inflation staying above the upper tolerance limit for nine straight months, the Reserve Bank will now have to submit a report to the central government detailing reasons for the failure to contain prices and remedial steps to rein in the price rise.

The Times of India · Oct 12, 2022

Bailey must come clean on the way out of this mess

Bank of England Governor insisted pensions emergency bond market intervention would end Friday

Evening Standard · Oct 12, 2022

Q3 Earnings Season Starts With The Banks: What Investors Need To Know Before Friday

The banks are set to kick off what will be a closely-watched third-quarter earnings season when they report financial results this coming Friday.

Benzinga · Oct 12, 2022