The Latest Breaking News on Financial Services

A Remedy For Wages Falling Behind Inflation? Join A Small Business Where Wages Are Hot

Bank of America economists Anna Zhou and Taylor Browley released a note on Aug. 16 regarding the analyst firm's small business checkpoint.

Benzinga · Aug 18, 2022

Turkey's Central Bank Shocks with 100 Basis Point Rate Cut Despite Soaring Inflation

Turkey's central bank shocked markets on Thursday by cutting its main interest rate by 100 basis points to 13%, saying it needed to keep driving economic growth despite inflation hitting nearly 80% and a monetary tightening trend among its peers worldwide, Reuters reported. The lira dropped more than 1% as…

Asharq Al-Awsat · Aug 18, 2022

Plans submitted to turn Scots village's last bank into new flats

Developer John Clink has submitted an application to Stirling Council planners seeking to convert the former Bank of Scotland branch in Buchanan Street, Balfron, into flats.

Daily Record · Aug 18, 2022

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 · Aug 17, 2022

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 · Aug 17, 2022

T-AIM, Wells Fargo unveil Academic Grand Challenge

HYDERABAD

The Hindu · Aug 17, 2022

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 · Aug 16, 2022

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 · Aug 16, 2022

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 · Aug 16, 2022

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 · Aug 16, 2022