The Latest Breaking News on Financial Services

Glasgow area's last bank closed despite concerns over cash access

A survey of residents carried out my an MP showed a clear majority wanted it to remain open

Glasgow Live · Aug 24, 2022

Avon and Somerset police issue courier fraud warning

Police are urging people to remain vigilant

Bristol Post · Aug 24, 2022

Govt mulls selling at least 51% stake in IDBI Bank

NEW DELHI: The government is considering selling at least 51% of state-backed IDBI Bank Ltd, according to people with knowledge of the matter.

The Times of India · Aug 24, 2022

Rishi Sunak attacks Liz Truss’s plans to curb Bank of England’s independence

Former chancellor says rival’s economic proposals could ‘spook international investors’

The Guardian - UK · Aug 23, 2022

Pope further tightens controls, centralisation of Vatican finances

Pope Francis on Tuesday acted to eliminate wiggle room or foot- dragging by Vatican departments in imposing tighter financial controls, setting a deadline for the closing of investment portfolios in foreign banks, including in Italy.

Reuters · Aug 23, 2022

Barclays' Wallsend branch is to close after more than 50 years at The Forum

Barclays at The Forum shopping centre, Wallsend, has traded since 1969, but its imminent closure comes at a time when most customers are banking online and branches are closing around the UK

Chronicle Live · Aug 23, 2022

Saudi Prosecution: 11 Suspects Arrested for Stealing Money from Bank Accounts

Saudi Arabia's Public Prosecution has arrested 11 people for forming a criminal organization and impersonating bank employees with the purpose of stealing money from the bank accounts of Saudi citizens and residents. The Public Prosecution said its Financial Fraud Unit investigated the case and found the 11 suspects used a…

Asharq Al-Awsat · Aug 23, 2022

Bank Indonesia hikes benchmark rates for first time since 2018

JAKARTA: Indonesia's central bank raised its benchmark interest rate for the first time since 2018 on Tuesday, stepping up monetary tightening to fight rising inflation.

Bangkok Post · Aug 23, 2022

Smaller banks follow big peers, hike FD rates

MUMBAI: IDBI Bank has said it will offer a new 500-day deposit that offers 6.7% interest as part of the Amrit Mahotsav (75 years of independence) scheme. The bank has also hiked interest rates on term deposits across various tenors from August 22. The highest rate offered under its regular…

The Times of India · Aug 22, 2022

Hampden & Co reports record first half results

Growth in lending products drove the private bank's positive trend

Insider UK · Aug 22, 2022