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The Latest Breaking News on Financial Services

Egypt appoints central bank caretaker chief amid crisis

Egypt’s president has appointed a caretaker governor of the central bank amid a grinding economic crisis triggered by the Russian war on Ukraine

The Independent UK

Man threatened to rape female police officer and 'bury her on the moors'

Steven Cooper tried to bite the officer after becoming abusive, a court heard

Manchester Evening News

Irish expert advice on how you could save up to €80 by switching bank accounts

Switching your current account to a fee-free bank could save you around €80 a year if you are with one Irish bank

Irish Mirror

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BofA CEO: Struggling Americans feel they are in a recession

The CEO of Bank of America said the recent debate over whether the U.S. economy is technically in a recession or not is missing the point

The Independent UK

Bank of America's overdraft fees down 90% under new policy

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks

The Independent UK

First Direct offering customers free £175 cash if they switch bank account using CASS

High street bank First Direct are offering customers the chance to increase how much they have by £175 if they switch their current account using the Current Account Switch Service (CASS).

Edinburgh Live

T-AIM, Wells Fargo unveil Academic Grand Challenge

HYDERABAD

The Hindu

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Ireland scams: Gardai stop fraud in nick of time as person almost robbed of €1.6k

A person was moments away from having €1,600 stolen from their account by fraudsters only for Gardai to intervene and prevent the damage from being done

Irish Mirror

Held rates to help vulnerable borrowers

While the higher cost of living has impacted vulnerable borrowers and driven some of them back to debt relief measures, banks' current holding of interest rates unchanged will help ease their financial burden, said an executive of the Bank of Thailand.

Bangkok Post

Officials Release Beirut Gunman after Bank Drops Charges

Lebanon’s state prosecutor on Tuesday released a man who took up to 10 people hostage in a bank at gunpoint while demanding funds from his locked savings account. In a case that has drawn nationwide attention, food delivery driver Bassam al-Sheikh Hussein, 42, fired three warning shots from a shotgun…

Asharq Al-Awsat

Lebanese man who held up bank to access savings released without charge - brother

A Lebanese judge has ordered the release from detention without charge of man who last week took hostages at a Beirut bank in an attempt to access his savings frozen after the country's 2019 financial implosion, the man's brother and a legal group said.

Reuters

Bank will give £175 free cash to customers who switch their current account

First Direct says the 'market leading' offer is for people who switch their current account using the Current Account Switch Service - here is how the scheme works

Chronicle Live

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

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Nottingham Post

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

The bank promises it's easy

Daily Mirror

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)

Manchester Evening News

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

Chronicle Live

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

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news in one place.

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Bangkok Post

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.

ABC News

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.

Liverpool Echo

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

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

The Independent UK

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

Evening Standard

Starling and Monzo beat big banks in customer satisfaction survey

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

The Independent UK

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.

Bangkok Post

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.

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