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The Latest Breaking News on Financial Services

Political divide snags the digital update to anti-redlining law

Federal bank regulators' efforts to modernize the 45-year-old law known as the Community Reinvestment Act to reflect the rise of digital banking are raising accusations of partisanship, a claim that those digging into the details say is likely unfounded.

Tribune News Service

Inside old Stewartstown Ulster Bank building transformed into coffee shop

The building and grounds were bought over recently by local businessman Don Ryan

Belfast Live

How to avoid investment fraud as cases more than double in the last six months

In July alone, 80% of personal customer losses were down to investment fraud.

Irish Mirror

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Martin Lewis issues advice on how interest rate hike will affect mortgages and savings

The money-saving expert took to Twitter to share his thoughts on the Bank of England's announcement

Manchester Evening News

Owner of former East Lothian bank begs to turn it into home after failing to sell it

The former Royal Bank of Scotland building was bought for double the asking price four years ago but attempts to win planning permission to turn it into a home have been rejected by planners unwilling to lose a commercial unit in the seaside town

Edinburgh Live

What the interest rate hike means for you and your wallet

It may now be a good idea to start saving your money as interest rises once again in the UK

Manchester Evening News

RBI cancels licence of Maharashtra-based Laxmi Co-operative Bank

NEW DELHI: The Reserve Bank of India (RBI) on Thursday cancelled licence of The Laxmi Co-operative Bank Limited in Solapur, Maharashtra citing inadequate capital and earning prospects.

The Times of India

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Lebanese banks decide to stay shuttered, over security fears

Lebanon's embattled banks have decided to remain indefinitely closed after rejecting a proposed government security plan

The Independent UK

Mortgage lenders put up interest payments before Bank’s base rate hike

Increased charges could add thousands to some people’s home loan costs

The Guardian - UK

Interest rate hike points to the Bank keeping its foot firmly on the brake

The half-point rise wasn’t the limit of the measures announced by a central bank accused – until now – of acting too slowly on inflation

The Guardian - UK

Borrowers rush to get new fixed term mortgage deals as rates jump again

Worried homeowners are ripping up fixed rate mortgage deals to lock in again ahead of further huge rises in borrowing costs, brokers said today.

Evening Standard

Bank of England announces highest interest rate since 2008 - with country already in recession

The bank hopes to bring inflation under control with interest rate changes

Manchester Evening News

Interest rates soar to highest level in 14 years as country already 'in recession'

BREAKING: Mortgage payments will rise as the Bank of England tries to cool an over-heating economy.

Daily Record

Bank of England raises interest rates to 2.25% - the highest level since the financial crisis

Monetary Policy Committee moves to tackle inflation

Birmingham Post

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Wales Online

Interest rates surge to 2.25% as UK 'already in recession'

Mortgage payments will go up along with some loan and credit card debts

The Independent UK

Interest rates rise by 0.5% as Bank of England says UK ‘already in recession’ OLD REDIRECTED

The UK interest rate is now the highest level since 2008

Liverpool Echo

Lloyds Bank offers biggest ever switching bonus amid cost of living crisis

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

Reuters

Swiss National Bank exits negative rates era with 0.75% hike

Switzerland exited the era of negative interest rates on Thursday when its central bank joined others around the world in tightening monetary policy more aggressively to combat resurgent inflation.

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Al Jazeera

Lebanon banks will remain shut indefinitely after ‘heists’

Banking association says it’s too dangerous to open after depositors began entering branches and demanding their money.

Irish Mirror

Thousands of Revolut customers have data hacked as banking app releases statement

The Revolut app is popular in Ireland with almost 2 million customers here alone and 20 million worldwide

The Guardian - UK

Bank of England says UK in recession as it raises interest rates to 14-year high of 2.25% – business live

UK central bank predicts economy shrank for second quarter in a row, after shops closed and many stayed at home for Queen Elizabeth II’s state funeral

Wales Online

Mortgage, loan and credit card bills to go up by hundreds of pounds today

Experts are expecting the single biggest leap in rates for 30 years

The Independent UK

AP: Probe finds evidence of bank boss' romance with top aide

Investigators say they found evidence a former Trump official who heads Latin America’s biggest development bank carried on a romantic relationship with his chief of staff

Wales Online

Bank of England set for bumper interest rate hike

The interest rate is set to soar to the highest level since the financial crisis of 2008

Axios

Ex-Trump official allegedly threatened to "burn" down development bank over affair charges

The Inter-American Development Bank is a key financial institution for the Western Hemisphere.

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