The Latest Breaking News on Financial Services

Adelaide man enlists help from former South Australian senator Nick Xenophon after losing $36,000 to scammers

Former South Australian senator Nick Xenophon is preparing legal action against one of Australia's biggest banks, alleging it failed to respond quickly enough to a scam.

ABC News · Sep 18, 2022

Biggest interest rate hike since 2008 crash expected in bid to control inflation

MARKETS believe the Bank of England will unveil the biggest hike in interest rates for over three decades when its decision makers gather for a…

The National (Scotland) · Sep 18, 2022

Worsening Living Crisis Stirs Fears of Security Chaos in Lebanon

Security fears in Lebanon are escalating amid a crippling economic crisis that has seen the salaries of army soldiers drop to $33 a month. The local currency, the Lebanese pound, has depreciated by more than 90% against the US dollar on the black market. Perhaps what exacerbated security fears is…

Asharq Al-Awsat · Sep 18, 2022

Banks must ensure their systems speak to each other for better service to customers: Finance minister

MUMBAI: Finance minister Nirmala Sitharaman on Friday urged banks to ensure that their systems speak to each other so that they are able to serve customers in a better way.

The Times of India · Sep 16, 2022

Lebanese depositors storm banks amid historic economic crisis

Lebanese depositors, including one armed with a hunting rifle, broke into at least four banks Friday to demand their trapped savings, a sign of growing chaos in the small Mediterranean nation amid a historic economic meltdown.

France 24 · Sep 16, 2022

Russia vows to continue Mir bankcard expansion after new U.S. sanctions

Russia's central bank on Friday pledged to keep expanding the number of countries that accept its Mir bank cards after new U.S. sanctions targeting people and entities accused of helping Moscow skirt financial sanctions.

Reuters · Sep 16, 2022

Bank holdups snowball in Lebanon as depositors demand their own money

Five Lebanese banks were held up by depositors seeking access to their own money frozen in the banking system on Friday, in a spiralling spate of holdups this week spurred by frustration over a financial implosion with no end in sight.

Reuters · Sep 16, 2022

Interest rates all but certain to rise in October but end of big hikes nearing, RBA governor says

Reserve Bank board will consider either a 25 or 50 basis point rise at next month’s meeting, Philip Lowe tells MPs

The Guardian - AU · Sep 16, 2022

RBA urges fiscal reform

The Reserve Bank has urged the government to not use the national credit card to pay for services.

The Canberra Times · Sep 16, 2022

BoT to improve payment system standard

The Bank of Thailand plans to upgrade the country's payment system standard to stabilise financial services and prevent digital banking glitches.

Bangkok Post · Sep 15, 2022