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The Latest Breaking News on Financial Services

Marks & Spencer launches digital credit account for Sparks customers

Sparks Pay is initially rolling out as a phased launch on M&S.com and the M&S app.

The Independent UK

How do interest rates affect inflation?

Borrowing costs at their highest level in 14 years

The Independent UK

All the banks that will pay up to £200 free money into your account - from NatWest to TSB

First Direct, TSB and Nationwide and all have “switch bribes” on offer right now. We explain all the eligibility criteria for each bank and how to get the cash

Daily Mirror

From analysis to the latest developments in health,
read the most diverse news in one place.

BoE intervention ‘stopped Sterling spiral’ as Fitch cuts credit rating

UK central bank says failure to act could have wiped out the value of a large number of funds held by pension companies

The Independent UK

Bank of England intervention prevented destructive ‘spiral’ after mini-Budget

Threat to pension funds could have triggered ‘widespread financial instability’

The Independent UK

Judge Fines Lebanese Bank Heist Figure, Issues Travel Ban

A Lebanese judge on Thursday fined and issued a six-month travel ban to a woman who stormed her bank with a fake pistol and took her trapped savings to cover her sister's cancer treatment. Lebanon’s cash-strapped banks have imposed strict limits on withdrawals of foreign currency since 2019, tying up…

Asharq Al-Awsat

Kwarteng considers extending mortgage guarantee scheme

Initiative may continue beyond December as bank bosses raise concerns over mortgage market

The Guardian - UK

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Martin Lewis shares how to get free £200 from UK bank

New and existing customers can get their hands on the money

Liverpool Echo

Castle Douglas hosting awareness day to stop people being taken in by fraudsters

The general public will be able to get advice from the police, Citizens Advice, trading standards and victim support

Daily Record

Teen charged with attempting to blackmail Optus customers using stolen data

The 19-year-old Sydney man allegedly sent SMS messages demanding $2,000 to 93 customers whose data had been released online after Optus breach

The Guardian - AU

Kasikornbank looks to triple overseas staff

One of Thailand’s largest lenders is on an overseas hiring blitz for jobs in technology and digital banking, as it boosts a regional expansion strategy to counter slowing domestic growth.

Bangkok Post

Labor attacked by former RBA governor Bernie Fraser for sticking to ‘dodgy’ stage-three tax cuts

Fraser says Albanese government should repeal stage three as the tax cuts are ‘even more unfair’ due to falling real wages

The Guardian - AU

SCB 10X touts digital tokens

SCB 10X, a subsidiary of Thailand's oldest lender Siam Commercial Bank (SCB), is ready to make inroads in the digital token business, saying digital assets are attractive for investment and hold high potential to grow in the long term.

Bangkok Post

World Bank ‘has given nearly $15bn to fossil fuel projects since Paris deal’

A group of 50 NGOs found that bank and subsidiaries had funded oil refinery and gas processing

The Guardian - UK

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news in one place.

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Bangkok Post

Cabinet reiterates BoT has free rein for its duties

The government has pledged it will not intervene in the central bank's handling of inflation, interest rates and the baht's movement, instead asking the Finance Ministry to provide additional information to the bank.

Bangkok Post

SCB X rejig targets regional fintech status

SCB X, the holding company of Siam Commercial Bank (SCB) Group, has set a five-year business direction ending in 2026 to pave the way for it to become a regional financial technology company and generate income from new sources.

The Guardian - AU

Yes, the heat is coming off the housing market. But it wasn’t just on fire last year - it was burning uncontrolled

We have an economy where even a slight fall in prices will do little to repair the damage of the past two years

The Guardian - UK

Rates for two-year fixed mortgage pass 6% mark for first time since 2008

News comes day before UK chancellor is due to discuss impact of market turmoil with high street lenders

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news in one place.

100's of premium titles.
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McClatchy Washington Bureau

Facing federal PPP fraud investigations, online lender Kabbage files for bankruptcy

Online lender Kabbage was one of the biggest lenders in the first year of the Paycheck Protection Program, processing more than $7 billion in loans.

The Independent UK

Lebanese lawmaker demands trapped bank savings

A Lebanese member of Parliament has entered a bank branch near Beirut demanding some of her trapped savings to cover medical expenses

Axios

What's next for Elon Musk's Twitter purchase

The world's richest man soon will own one of the world's most consequential public squares.

AAP

Anglican bishop lashes Thorburn AFL exit

The resignation of Andrew Thorburn as Essendon AFL chief executive after 24 hours in the role constitutes religious discrimination, the opposition leader says.

Asharq Al-Awsat

Lebanese Lawmaker Frees $8,500 in Trapped Bank Deposits

A Lebanese lawmaker entered a bank branch, accompanied by lawyers, and freed more than $8,000 in trapped dollar deposits on Wednesday to pay for surgery, her lawyer said. Cynthia Zarazir, who was elected to parliament in May, is the latest in a growing number of angry depositors who have forced…

The Independent UK

Hong Kong shares soar 6%, leading Asian market gains

Hong Kong's share benchmark has soared more than 6% as Asian shares track gains on Wall Street

ABC News

Which banks are passing on the interest rates to borrowers? What about savers?

The major lenders were quick to pass on the interest rate rise to mortgage holders, but only certain savers will see the benefits of the Reserve Bank of Australia's latest hike.

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