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The Latest Breaking News on Financial Services

Vote down executive pay at Barclays and Standard Chartered, investors told

Rebellions loom as Glass Lewis advises banks’ shareholders to reject higher base pay and excessive pensions

The Guardian - UK · Apr 15, 2022

How to Keep Your Savings Safe

If you want to keep your savings safe but they exceed FDIC and NCUA limits, it's time to open multiple accounts, preferably ones with high yields.

Kiplinger · Mar 25, 2022

Bank of Scotland, Lloyds and Halifax to close 60 branches across UK - with 19 to shut in Scotland

19 branches in Scotland will be affected by the closure.

Daily Record · Mar 23, 2022

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JPMorgan Chase CEO pushes Biden for domestic energy "Marshall Plan"

Dimon told Biden that more gas production is needed both for Europe and America's energy security.

Axios · Mar 23, 2022

The inevitable future scandal coming at Lloyds Bank

Comment: Purpose driven CEO is running a bank that is simply too big

Evening Standard · Feb 24, 2022

Houston doctor sues JPMorgan Chase claiming she was barred from cashing $16,000 check because she is Black

‘As soon as Dr Mitchell-Stewart showed employees at First Colony Branch her Check, they immediately treated her like a criminal,’ lawsuit says

The Independent UK · Feb 2, 2022

Government to mull changes in law to cut state’s stake in banks

NEW DELHI: The government is considering changes that would make it easier to lower its stake in state-run banks, a key step in Prime Minister Narendra Modi’s plan to unclog credit flow to the economy.

The Times of India · Dec 17, 2021

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Another Former ICBC Branch Head Probed for Graft

Zhang Keli was appointed president of the Hunan province branch of the world’s biggest bank in 2010

Caixin Global · Dec 3, 2021

Credit Card Closed? Here's Why and What to Do Next

If your credit card is closed, here's why that might have happened and what to do next.

Kiplinger · Nov 22, 2021

US bank BNY Mellon cuts ties with Adani’s Carmichael coalmine

Bank says Queensland mine and rail line do not fit in with its environmental, social and governance principles

The Guardian - AU · Nov 5, 2021

Exclusive: Former Bank of China Executive to Be New ICBC Vice President

Zheng Guoyu has joined the world’s largest commercial bank as a Communist Party committee member

Caixin Global · Sep 1, 2021

Former ICBC Shanghai Branch Head Sentenced to Life

Gu Guoming convicted for accepting $21 million of bribes over 11 years amid a series of graft scandals rocking Shanghai banking

Caixin Global · Aug 12, 2021

Government defers sale of state-run banks to next year

NEW DELHI: India’s plan to sell two state-controlled lenders may get deferred to next financial year as the government is yet to seek parliament’s nod for changes in laws required to start the transaction, according to people familiar with the matter.

The Times of India · Aug 2, 2021

Westpac Wants To Help With Vaccine Rollout In Australia

The firm's CEO Peter King wants to help improve Australia's flagging vaccine rollout.

Zenger · May 31, 2021

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Reuters · Mar 21, 2021

Australia's CBA and ANZ settle 2016 class action on alleged interest rate rigging

Australian lenders Commonwealth Bank of Australia and Australia and New Zealand Bank on Monday separately said they had agreed to settle a 2016 class action, filed in the United States against them, for alleged benchmark interest rate rigging.

Reuters · Mar 18, 2021

BNY Mellon invests in cryptocurrency storage firm Fireblocks

Bank of New York Mellon Corp has invested in Fireblocks, a platform that allows banks and other financial institutes to store, move and issue cryptocurrencies, as the world's largest custodian bank deepens its focus on digital assets.

Reuters · Mar 17, 2021

Australia's Westpac to combine consumer, business divisions

Australia's Westpac Banking Corp said on Wednesday it will combine its consumer and business divisions, as it looks to further simplify its operations.

Reuters · Mar 11, 2021

Australia's banking regulator ends Westpac money laundering probe

Australia's banking regulator said on Friday it had closed the investigation against Westpac Banking Corp for possible breaches of anti-money laundering and counter-terrorism laws.

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Reuters · Feb 22, 2021

Australia's NAB sees faster uptick in housing demand, cuts fixed home loan rates

National Australia Bank Ltd said on Monday it had seen a quicker-than-usual uptick in domestic housing market demand after Christmas, and lowered some fixed home loan rates.

Reuters · Feb 17, 2021

Australia's ANZ flags record capital levels as profit rises on housing boom

Australia and New Zealand Banking Group on Thursday reported a higher first-quarter profit and said it was well-positioned to consider returning to investors some of the record levels of cash it holds in the aftermath of the pandemic.

The Guardian - AU · Feb 9, 2021

ANZ to stop lending to Australia's biggest coal port over its exposure to fossil fuels

NAB to step in to help Port of Newcastle refinance under agreement reported to bind it to reducing carbon emissions

Reuters · Jan 28, 2021

Australia's NAB pushes digital expansion with 86 400 purchase

National Australia Bank is snapping up small online-only bank 86 400 Holdings for A$220 million ($168.9 million) as it broadens its digital offering in a move analysts said also effectively swallows the competition.

Reuters · Dec 1, 2020

Australia's Westpac sells general insurance unit to Allianz for $535 million

Australia's Westpac Banking Corp will sell its general insurance arm to German insurer Allianz for A$725 million ($535 million), it said on Wednesday, further trimming its portfolio to beef up capital and focus on local business.

Reuters · Oct 25, 2020

Australia's Westpac flags $870.4 million hit to second-half cash earnings

Australia's Westpac Banking Corp WBC.AX said on Monday it would take an $870 million hit to cash earnings in the second half, due mostly to write-downs in the value of its life insurance business and the additional costs of a record fine.

Reuters · Sep 28, 2020

Australia's Westpac revises RBA rate call; now expects cut in November

Economists at Australia's Westpac Banking Group pushed back their forecasts for a rate cut by the country's central bank to November from October, saying it would allow the government "clear air" to sell its budget.

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