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The Latest Breaking News on Financial Services

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

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Current account holders are being told their arranged overdraft facility will be withdrawn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

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

The New Daily

From analysis to the latest developments in health,
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Gardai warn of devious new text scam impersonating banks

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

Dublin Live

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…

Asharq Al-Awsat

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 Guardian - UK

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 Times of India

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Banks to face consequence for unacceptable practices of loan recovery agents

RBI clamps down on ‘intimidation’

The Hindu

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’

The Independent UK

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

Daily Mirror

Businesses failing to consider cost of living payments

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

Evening Standard

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

Manchester Evening News

Tories face questions over £500,000 of donations linked to bribery-accused banker

Labour asks whether Conservatives will give back funds, and calls for Tory co-chair’s sacking

The Guardian - UK

Ping An insists splitting HSBC would increase bank’s value

The Chinese shareholder has accused HSBC executives of exaggerating the downfalls of separating off the Asian business

The Guardian - UK

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news in one place.

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The Independent UK

Armed man demanding savings holds Beirut bank staff hostage

A Lebanese security official says a man armed with a shotgun has broken into a Beirut bank, holding employees hostage and threatening to set himself ablaze with gasoline unless he receives his trapped savings

Reuters

Explainer-Britain and regulators square up over post-Brexit financial reform

Britain's government proposed a far-reaching financial services law last month to exploit "freedoms" to write its own capital market rules since leaving the European Union.

Al Jazeera

Hostage standoff at Beirut bank ends with gunman’s surrender

Banks in Lebanon have implemented informal capital controls amid ongoing economic crisis, effectively freezing savings.

Asharq Al-Awsat

Algerian Judiciary Jails Two Ex-Ministers on Corruption Charges

A court in Algiers sentenced on Wednesday two former ministers to jail on corruption charges. Sidi M'hamed Court of Algiers sentenced former Minister of Finance Mohamed Loukal to six years in prison and a fine in Algerian dinar and ordered lifting seizure on all his seized assets upon the examining…

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news in one place.

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ABC News

Perth woman Moe Moe Myint Kelly jailed over 'ruthless' theft of $2 million from employer

A 65-year-old Perth woman is sentenced for a stealing $2 million from her employer over a period of seven years - offending the prosecutor described as a "massive breach of trust".

The Independent UK

Primark to reopen flagship store four years after it was destroyed by fire

The retail giant is targeting the first week of November to reopen its Bank Buildings branch in Belfast.

Bangkok Post

Bank of Thailand signals gradual moves after first hike since 2018

The Bank of Thailand (BoT) has signalled sticking with measured moves going forward to fight inflation without derailing the economic recovery, after raising the benchmark policy rate for the first time in more than three years.

Irish Mirror

Urgent warning for Irish bank users over text and call scams with people losing out on €1,700

'Smishing' victims were swindled out of an average of €1,700 for the first six months of the year - with the problem expected to get worse in the next six months

AAP

CBA predicts $3 trillion cost for net zero

The Commonwealth Bank plans to target the most emissions-intensive sectors first and set interim targets over the next 12 months.

Bangkok Post

Thai growth downgraded by Citibank

Citibank has downgraded its 2022 forecast for Thai economic growth to 3.5%, from 3.6%, with next year's GDP predicted to expand by 4.5%, a fall from 4.8%.

AAP

CBA profit jumps to nearly $10 billion

Australia's biggest lender has lifted its annual profit by 11 per cent and declared a final dividend of $2.10 a share.

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