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The Latest Breaking News on Financial Services

Brokerage: Virtual banks face growth, profitability tests

Kiatnakin Phatra Securities (KKPS), the brokerage arm of Kiatnakin Phatra Financial Group (KKP), expects the combined loan portfolio of Thailand's three virtual banks to reach 200 billion baht in 5-6 years.

Bangkok Post

Nationwide named UK’s best brand for customer service as banks overtake retailers for first time

John Lewis and First Direct also strong performers

The Independent UK

UAE Central Bank fines foreign bank Dh1.82 million over customer liability letter delay

A foreign bank branch in the UAE has been fined Dh1.82 million for failing to issue a customer's liability letter within the mandated seven-day period. This penalty underscores the Central Bank of the UAE's commitment to consumer protection and enforcing market conduct regulations. The move highlights the importance of timely…

The Times of India

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Gulf lands $600m international loan

Gulf Development Plc, Thailand's largest energy company by market value and a major telecom operator, has secured a US$600-million loan from international banks, enhancing its global funding options.

Bangkok Post

Lloyds customers urged to shut accounts over debanking of left-wing outlet

SUPPORTERS of independent media are being urged to ditch any accounts they have with Lloyds after it emerged a left-wing publication had been…

The National (Scotland)

World Bank drops climate funding target, raising fears for Africa

The World Bank has abandoned its target of directing 45 percent of its financing to projects that help tackle climate change, prompting warnings that poorer countries – especially in Africa – could receive less support to adapt to a warming world.

Radio France Internationale

Halifax brand to be scrapped after 173 years on high street

Customers will have their accounts changed to Lloyds over time

The Independent UK

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Halifax to disappear from UK high street as Lloyds axes bank brand after 173 years

Group confirms it will stop opening new accounts under the name and move existing ones to Lloyds

The Guardian - UK

Barclays buys its Canary Wharf headquarters in £750m deal

The £750 million valuation covers a 999-year leasehold interest, a common form of extended property agreement

The Independent UK

'Outrage' as left-wing news outlet 'de-banked without explanation'

A left-wing news outlet has reportedly been de-banked by Lloyds Banking Group without explanation

The National (Scotland)

Two EY employees charged with accessing bank details of Australian PM Albanese: ‘Incredibly concerning’

Two men, aged 21 and 25, charged with unauthorised access to restricted data

The Independent UK

Accounting grad sacked after PM's bank account accessed

Accounting giant EY has sacked an employee who was charged with accessing Anthony Albanese's personal bank account while on secondment at the Commonwealth Bank.

AAP

Restricted loan growth outlook for virtual banks

Close supervision and monitoring by the Bank of Thailand would obstruct virtual banks from expanding their loan portfolios aggressively in the first five years of operations, even though they are likely to offer small-ticket, unsecured personal loans below 10,000 baht, analysts say.

Bangkok Post

Nationwide to cut 600 jobs in first redundancies after takeover of Virgin Money

Exclusive: Move affects staff of both companies whose roles will be duplicated once operations are merged

The Guardian - UK

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Bangkok Post

BoT vows to continue with stablecoin plan

The Bank of Thailand is moving forward with plans to introduce a baht-pegged stablecoin as part of a push to support digital finance and innovation, says governor Vitai Ratanakorn.

The National (Scotland)

SNP plan for Scottish Government bonds moves forward as 9 banking giants appointed

THE SNP plans to issue Scottish Government bonds have taken a step forward with the appointment of nine banking giants to advise and support their…

Bangkok Post

Bad loans still elevated as Iran war hammers firms

The Bank of Thailand intends to focus on asset quality in the banking industry as non-performing loans (NPLs) remain at elevated levels, attributed in part to the impact of the Middle East conflict, says the central bank's chief.

The Independent UK

JPMorgan Chase plans to expand Community Center program, doubling branches in low-income areas

JPMorgan Chase plans to double its "Community Center" branches that focus on low-income neighborhoods

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International Business Times UK

Meme of 'JPMorgan's HR Department in 2026' Has People in Stitches Amid Sex Scandal and Knicks Bin Incident

JP Morgan's bruising year has spawned a viral 'HR department in 2026' meme, blending a New York sex‑assault lawsuit and a Knicks parade trash‑can fiasco into one biting joke about corporate culture.

The Times of India

Bank of India wins Rs 100 crore case against Nirav Modi

LONDON: A London high court judge ruled in Bank of India's favour on Tuesday, holding that fugitive diamond businessman Nirav Modi does owe the public sector bank over $10.7 million (a little over Rs 100 crore).

The Times of India

New twist in JPMorgan 'sex slave' lawsuit: Chirayu Rana wants to withdraw, Lorna Hajdini says you can't just walk away

The sensational lawsuit involving a female executive and her male colleague who alleged that he was made a sex slave by the female, took the most surprising turn this week. New York Post reported that ex-JPMorgan banker Chirayu Rana wants to withdraw the case from the Manhattan Supreme Court and…

Newcastle Herald

'One of the biggest red flags': why scammers will swoop in next few weeks

A major Hunter institution is urging people to stay vigilant at this time of year.

Bangkok Post

After credit rating, panel calls for economic stability

The private sector is urging the government to maintain Thailand's economic stability following S&P Global Ratings' reaffirmation of the country's sovereign credit rating.

AAP

Black bank card program to steer cash payments to single mothers in government housing

One of the few Black-owned banks in the U.S. is introducing a debit card aimed at helping single mothers who live in government subsidized housing escape poverty

Bangkok Post

Financial hub scheme still a priority

The government remains committed to turning Thailand into a financial hub, says the chief of the Fiscal Policy Office (FPO).

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