The Latest Breaking News on Financial Services

Slow lane driving: On the World Bank’s dire growth forecast for India

The World Bank has warned India’s uneven recovery could soon falter

The Hindu · Oct 7, 2022

Bank employee arrested on charge of swindling customers of ₹17 crore in Malappuram

MALAPPURAM

The Hindu · Oct 7, 2022

Risky 'Shadow Banks' Are Still Unregulated: Are They A Threat To The UK Economy?

The Bank of England recently unpacked £65 billion ($72 billion) in an emergency measure to avoid a crash in government bond prices. Without the intervention, the U.K.’s pension funds, which rely heavily on bond holdings, would have entered default. A larger economic crisis was averted.

Benzinga · Oct 7, 2022

Lebanese Banks Unanimously Close Doors Indefinitely

Lebanese banks have unanimously decided to close their doors to clients indefinitely after a series of holdups by depositors seeking funds frozen in the banking system because of the country's financial meltdown, two bankers told Reuters. Banks will continue urgent operations for clients and back-office services for businesses, the bankers…

Asharq Al-Awsat · Oct 7, 2022

UK mortgage rates are soaring – what can you do?

Property market turmoil is unsettling both first-time buyers and those remortgaging, We set out their options

The Guardian - UK · Oct 7, 2022

Reserve Bank acknowledges its rapid rate hikes could force some people to sell their homes

Australia's Reserve Bank says its rapid interest rate rises could see some mortgage owners fall into arrears, and some even having to sell their homes.

ABC News · Oct 7, 2022

One-quarter of homeowners could be spending 30% of their income on loans by late-2023, RBA says

Reserve Bank warns households with high debt relative to income are ‘particularly vulnerable to shocks’

The Guardian - AU · Oct 7, 2022

Risk Optus breach can weaken banks: RBA

The Reserve Bank of Australia is warning that large-scale data breaches and cyberattacks could destabilise financial institutions.

AAP · Oct 7, 2022

ANZ Bank to close Dickson branch

The permanent closure is due to a more than 50 per cent decrease in in-branch transactions.

The Canberra Times · Oct 6, 2022

Trump says banks have ‘gone woke’ and should be ‘penalised very severely’

The former president said during a speech this week that US banks have “done much less for the Hispanic community than they should”

The Independent UK · Oct 6, 2022