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The Latest Breaking News on Financial Services

British banks ranked from best to worst for customer service amid cost of living crisis

Find out where your bank placed on the list and whether it could be time to switch accounts.

Daily Record

Why aren’t banks passing on interest rate rises to customers?

Rates have gone up six consecutive times, yet very few savers are benefiting, researchers find

The Guardian - UK

Free £175 cash as UK bank offers incentive for account switch

The bank promises it's easy

Nottingham Post

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First Direct is offering free £175 cash if you switch your bank account

The cash bonus is available to all new customers who switch their current account to the First Direct 1st Account through the Current Account Switch Service (CASS)

Daily Mirror

Thousands of bank workers to get £1,200 cost of living bonus from October

It comes as household bills are predicted to rise above £5,000 by January

Manchester Evening News

Nationwide to pay thousands of its staff members £1,200 cost of living bonus

The high street building society is the latest employer to offer its workers a cost of living support payment as families struggle with high bills

Chronicle Live

Bank of Thailand sees no surge in bad loans after policy rate hike

The Bank of Thailand (BoT) on Tuesday it expected no surge in bad loans despite a hike in the benchmark interest rate and urged banks to gradually adjust their rates to help vulnerable groups.

Bangkok Post

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Commonwealth Bank accused of not paying long service leave to 20 former employees

A spokesperson for Commonwealth Bank says the underpayment of staff was "unacceptable" and the employees concerned have now been paid.

ABC News

UK bank says it will give people £175 cash for free

Here's how you can get your hands on the money

Liverpool Echo

Leading university and business school paid more than £700k via Russian bank days after Ukraine invasion

Exclusive: Imperial College London and London Business School condemned for accepting nearly £15m in less than a decade

The Independent UK

Starling and Monzo beat big banks in customer satisfaction survey

298-year-old Royal Bank of Scotland came bottom of the list

Evening Standard

Challenger banks jump ahead of industry giants for customer satisfaction

Starling Bank and Monzo were the top-ranked current account providers, while Royal Bank of Scotland and The Co-operative Bank were bottom-ranked.

The Independent UK

Govt to regulate booming auto leasing sector

The government plans to regulate the fast-growing business of hire purchase and leasing of cars and motorcycles to maintain financial stability and protect consumers, the central bank said on Monday.

Bangkok Post

Gardai warn over latest AIB scam that could see victims lose thousands

The scam could also reference any financial institution so people should be aware of this

Irish Mirror

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The Guardian - UK

Barclays pulls financial safety net as cost of living crisis bites

Current account holders are being told their arranged overdraft facility will be withdrawn

The New Daily

Alan Kohler: The hubris of central bankers and the limits of money

Once again central banks, including Philip Lowe’s Reserve Bank, have kept extreme monetary policies in place for too long

Dublin Live

Gardai warn of devious new text scam impersonating banks

The scammers are impersonating banks and claiming that there is an issue with a transaction

Asharq Al-Awsat

Egypt Central Bank Denies Resignation of its Governor

The Central Bank of Egypt denied on Saturday reports of the resignation of its governor, Tarek Amer, following rumors that he would be part of a government reshuffle. Gamal Negm, the first deputy governor of the Central Bank, dismissed the reports about the resignation, stressing that Amer’s term ends in…

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news in one place.

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The Guardian - UK

Bank of England under fire over £23m bonus payouts

Anger as thousands of Bank staff enjoy ‘performance awards’ when governor had urged other British workers not to demand big rises

The Times of India

RBI directs loan recovery agents not to intimidate borrowers, no calling before 8am & after 7pm

MUMBAI: The RBI on Friday issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm.

The Hindu

Banks to face consequence for unacceptable practices of loan recovery agents

RBI clamps down on ‘intimidation’

The Independent UK

Gunman who held up Lebanon bank to withdraw own money arrested as siege ends

The armed man’s wife supported her husband’s actions, claiming he ‘did what he had to do’

Daily Mirror

Furious man armed with shotgun threatens hostages at bank - demanding his own money

The gunman entered the Federal Bank of Lebanon in Beirut and drew his firearm when he was told he couldn't access the $200,000 (£160,000) in his bank account

Evening Standard

Businesses failing to consider cost of living payments

ONS figures confirm SMEs have harder time freeing up one-off cash to back up employees

Manchester Evening News

Flats plan for former bank building where windows will need to remain closed in hot weather due to traffic noise

The RBS branch in Radcliffe closed in 2018

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People

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