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The Latest Breaking News on Financial Services

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

The Independent UK · Oct 5, 2022

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.

Axios · Oct 5, 2022

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.

AAP · Oct 5, 2022

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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…

Asharq Al-Awsat · Oct 5, 2022

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

The Independent UK · Oct 5, 2022

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.

ABC News · Oct 5, 2022

Why Credit Suisse is battling rumours of a Lehman-style crash

Swiss bank’s plummeting share price has invited comparisons to the onset of the 2008 global financial crisis.

Al Jazeera · Oct 5, 2022

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Scottish National Investment Bank invests £140m in its first year

THE Scottish National Investment Bank has said it has made “clear progress” in its inaugural year and is “well positioned” to deliver…

The National (Scotland) · Oct 5, 2022

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 · Oct 5, 2022

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 · Oct 5, 2022

'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 · Oct 5, 2022

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 · Oct 4, 2022

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 · Oct 4, 2022

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 · Oct 4, 2022

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AAP · Oct 4, 2022

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.

The Conversation · Oct 4, 2022

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.

Birmingham Post · Oct 4, 2022

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

Benzinga · Oct 4, 2022

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

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Irish Mirror · Oct 4, 2022

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

Evening Standard · Oct 4, 2022

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

The Independent UK · Oct 4, 2022

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

Reuters · Oct 4, 2022

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.

Evening Standard · Oct 4, 2022

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) · Oct 4, 2022

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 · Oct 4, 2022

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

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