The Latest Breaking News on Financial Services

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.

AAP · Aug 10, 2022

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%.

Bangkok Post · Aug 9, 2022

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.

AAP · Aug 9, 2022

Student-loan freeze led to big credit-score gains, NY Fed says

The pandemic-era freeze on student debt payments has “dramatically” improved credit scores for Americans who borrowed money to pay for college, the Federal Reserve Bank of New York said.

Tribune News Service · Aug 9, 2022

LH Bank zeroes in on Taiwanese prospects

Land and Houses Bank (LH Bank) is putting more focus on Taiwanese businesses in Thailand, aiming for 70% loan growth in this corporate customer segment in 2022.

Bangkok Post · Aug 9, 2022

NAB sees profit rise, consumer confidence tumbles, and ASX edges higher

Investors are disappointed despite NAB's rise in quarterly profits, the ASX rises modestly, and consumer confidence tumbles.

ABC News · Aug 8, 2022

Closure of town's last remaining bank leaves older residents 'ignored'

'I cannot comprehend how a town can be without a bank'

Wales Online · Aug 8, 2022

Interest rate rise will be as useful as medieval bloodletting

Letter: The Bank of England’s recent rate increase will do nothing to curb inflation, says Jean-Claude Fouque

The Guardian - UK · Aug 7, 2022

Fading global cooperation will make this crisis worse than the recession of 2008

The global financial crisis brought large economies together but the current crisis comes at a time of deep division

The Guardian - UK · Aug 7, 2022

Santander and Barclays become first banks to hike mortgages after interest rates rise

Santander was the first high street bank to confirm its SVR mortgage rates are rising, with its rate increasing by 0.50% to 5.99% from the beginning of September

Daily Mirror · Aug 5, 2022