The Latest Breaking News on Financial Services

Starling and Monzo beat big banks in customer satisfaction survey

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

Evening Standard · Aug 15, 2022

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.

The Independent UK · Aug 15, 2022

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.

Bangkok Post · Aug 15, 2022

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 · Aug 14, 2022

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 · Aug 13, 2022

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 · Aug 12, 2022

Banks to face consequence for unacceptable practices of loan recovery agents

RBI clamps down on ‘intimidation’

The Hindu · Aug 12, 2022

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 · Aug 11, 2022

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 · Aug 11, 2022

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 · Aug 11, 2022