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The Latest Breaking News on Financial Services

Accounting grad sacked after PM's bank account accessed

Accounting giant EY has sacked an employee who was charged with accessing Anthony Albanese's personal bank account while on secondment at the Commonwealth Bank.

AAP

Restricted loan growth outlook for virtual banks

Close supervision and monitoring by the Bank of Thailand would obstruct virtual banks from expanding their loan portfolios aggressively in the first five years of operations, even though they are likely to offer small-ticket, unsecured personal loans below 10,000 baht, analysts say.

Bangkok Post

Nationwide to cut 600 jobs in first redundancies after takeover of Virgin Money

Exclusive: Move affects staff of both companies whose roles will be duplicated once operations are merged

The Guardian - UK

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BoT vows to continue with stablecoin plan

The Bank of Thailand is moving forward with plans to introduce a baht-pegged stablecoin as part of a push to support digital finance and innovation, says governor Vitai Ratanakorn.

Bangkok Post

SNP plan for Scottish Government bonds moves forward as 9 banking giants appointed

THE SNP plans to issue Scottish Government bonds have taken a step forward with the appointment of nine banking giants to advise and support their…

The National (Scotland)

Bad loans still elevated as Iran war hammers firms

The Bank of Thailand intends to focus on asset quality in the banking industry as non-performing loans (NPLs) remain at elevated levels, attributed in part to the impact of the Middle East conflict, says the central bank's chief.

Bangkok Post

JPMorgan Chase plans to expand Community Center program, doubling branches in low-income areas

JPMorgan Chase plans to double its "Community Center" branches that focus on low-income neighborhoods

The Independent UK

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Meme of 'JPMorgan's HR Department in 2026' Has People in Stitches Amid Sex Scandal and Knicks Bin Incident

JP Morgan's bruising year has spawned a viral 'HR department in 2026' meme, blending a New York sex‑assault lawsuit and a Knicks parade trash‑can fiasco into one biting joke about corporate culture.

International Business Times UK

Bank of India wins Rs 100 crore case against Nirav Modi

LONDON: A London high court judge ruled in Bank of India's favour on Tuesday, holding that fugitive diamond businessman Nirav Modi does owe the public sector bank over $10.7 million (a little over Rs 100 crore).

The Times of India

New twist in JPMorgan 'sex slave' lawsuit: Chirayu Rana wants to withdraw, Lorna Hajdini says you can't just walk away

The sensational lawsuit involving a female executive and her male colleague who alleged that he was made a sex slave by the female, took the most surprising turn this week. New York Post reported that ex-JPMorgan banker Chirayu Rana wants to withdraw the case from the Manhattan Supreme Court and…

The Times of India

'One of the biggest red flags': why scammers will swoop in next few weeks

A major Hunter institution is urging people to stay vigilant at this time of year.

Newcastle Herald

After credit rating, panel calls for economic stability

The private sector is urging the government to maintain Thailand's economic stability following S&P Global Ratings' reaffirmation of the country's sovereign credit rating.

Bangkok Post

Black bank card program to steer cash payments to single mothers in government housing

One of the few Black-owned banks in the U.S. is introducing a debit card aimed at helping single mothers who live in government subsidized housing escape poverty

AAP

Financial hub scheme still a priority

The government remains committed to turning Thailand into a financial hub, says the chief of the Fiscal Policy Office (FPO).

Bangkok Post

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Bangkok Post

Thai virtual banks expected to lose money in early years

Brokerage KKPS says growth constrained by regulatory framework focusing on risk management

Ballotpedia

Federal prosecutors subpoena banks over alleged closure of accounts

In this week’s edition of Economy and Society:

The Independent UK

HSBC launch £220 offer to switch banks - but how does it stack up against the competition?

Nationwide, Lloyds and first direct are among the other providers with ongoing switch offers

Bangkok Post

Government Savings Bank expands investment options

Government Savings Bank (GSB) has partnered with 10 asset management companies (AMCs) to expand savings and investment options for its 26 million customers, allowing them to invest according to their individual risk appetites.

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Bangkok Post

Banks tighten buy now, pay later rules

Krungthai Bank (KTB) and Kasikornbank (KBank) are scrutinising their buy now, pay later (BNPL) services and adjusting their business strategies to align with stricter regulatory oversight.

The Guardian - UK

Barclays to buy GoHenry kids’ debit card and money app

High street bank to buy UK business from US fintech company Acorns as it targets young people

International Business Times UK

Couple Exposes Fake Wells Fargo Scam, Then Receives Chilling Text: 'Should Have Sent the Money'

A Georgia couple's vigilance against a phone scam led to criminal charges against a Florida woman for extortion and threats. Their caution prevented financial loss and prompted an investigation.

Bangkok Post

Mideast war dents KBank asset quality

Kasikornbank (KBank) expects the ongoing war in the Middle East to weigh on the bank's asset quality in the second half of the year, while pledging to provide proactive support and relief measures for customers affected by the conflict.

International Business Times UK

81-Year-Old Outsmarts 'Chase Bank' Scammers After Being Told To Withdraw $9,000 — Here's What Saved Her

An alert bank employee prevented an elderly widow from falling victim to a $9,000 scam. Learn about the growing threat of bank fraud and how vigilance can protect your savings.

The Guardian - US

World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds

JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say

The Independent UK

Monzo launches new credit card for customers who struggle to access lending

Exclusive: The Flex payment option will be aiming to help some people rebuild their credit file

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