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The Latest Breaking News on Financial Services

Banks on notice as Westpac fined for failing clients

Banking giant Westpac has been slugged with a $26 million penalty for failing to support customers in need, a decision an expert says sends a clear message.

AAP

Eight in 10 UK firms suffering hit from Iran war: ‘Uncertainty has become the norm’

Twenty per cent of companies overall are pausing investment against a backdrop of geopolitical uncertainty in a sign of the impact of the war on the UK economy

The Independent UK

Monthly borrowing for stimulus

The Finance Ministry is preparing to gradually borrow funds for the "Thais Help Thais Plus" programme, says finance permanent secretary Lavaron Sangsnit.

Bangkok Post

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New subsidy sparks surge in sign-ups

The government hailed the overwhelming first-day response to its new 'Thais Help Thais Plus' co-payment subsidy scheme, with more than 23 million people registering within hours.

Bangkok Post

KBank on track for SME loan growth

Kasikornbank (KBank) expects its small and medium-sized enterprise (SME) loans to post positive growth this year, after recording growth in the first quarter despite an overall contraction in lending.

Bangkok Post

GSB launches cheap loan programme for small firms

Government Savings Bank (GSB) kicked off a low-interest loan programme yesterday for small and medium-sized enterprises (SMEs) to support working capital and business expansion, helping entrepreneurs cope with economic volatility.

Bangkok Post

Metro Bank investors urged to reject executive pay report

Bonus scheme that could hand CEO a £60m windfall is ‘significantly out of line’ with market, says proxy adviser

The Guardian - UK

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The NZ firm that helped high-risk clients move millions

Today from The Detail: The big story of a tiny New Zealand company that's made front page news on a website exposing international organised crime and corruption

Newsroom.co.nz

EMGA arranges USD 15m financing for Asia Alliance Bank from OeEB

LONDON, May 21, 2026 (GLOBE NEWSWIRE) -- Emerging Markets Global Advisory LLP is delighted to announce yet another closing in Uzbekistan having secured funding from OeEB, the Development Bank of Austria, to support Asia Alliance Bank.Commenting on the transaction, Asia Alliance Bank’s CEO, Mr. Umidjon Abduazimov, said: “This new USD…

AAP

Exim Bank raises export growth projection to 7%

The Export-Import Bank of Thailand (Exim Bank) has raised its export growth forecast for this year, following a 17% surge in shipments during the first quarter.

Bangkok Post

The Private Banking Model is Broken: BankPro is Building What Comes Next

A wealth manager overseeing a dozen client mandates should not be assembling reports from three different spreadsheets. Yet for a significant portion of institutional and high-net-worth clients worldwide, this is still the daily reality of working with a legacy private bank.

International Business Times

Bad loan pressure shifts to vulnerable borrowers

New non-performing loans (NPLs) in the banking sector declined in the first quarter this year as banks became more cautious in extending credit, while re-entry NPLs continued to rise, driven by vulnerable borrower segments, according to the Bank of Thailand.

Bangkok Post

Working capital helps drive loan growth

Total lending in the banking industry in the first quarter grew for the first time in two years, driven by working capital loans aimed at helping customers manage rising costs.

Bangkok Post

NS&I to contact bereaved families owed £367m after missing savings scandal

The bank’s interim chief executive says ‘this issue should never have happened’, but warns it may take time to process claims

The Guardian - UK

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The Independent UK

Monzo profits surge as digital bank thrives with lending and subscriptions services

The bank, which was launched 11 years ago as a challenger to high street banking, said millions more customers joined in the past year

The Guardian - UK

Halifax could disappear from UK high streets as Lloyds assesses branding strategy

Bank founded 174 years ago could be phased out from as early as 1 July as part of group’s review

Evening Standard

Halifax axed as banking giant set to disappear from UK high streets

A phased closure of Halifax branches could begin as early as this summer, according to reports

The Independent UK

Halifax could vanish from high streets after 173 years as Lloyds considers major shake-up

Bosses are reportedly expected to announce the end of the brand this summer

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AAP

Bank plunge could spell end of an era for ASX investors

Big retail banks have driven returns on the ASX for years, but global asset manager VanEck believes they are overpriced and mid-caps offer better opportunities.

The Independent UK

Nationwide launches new banking app feature to hide abusive payment references

The move is aimed at safeguarding survivors

The Independent UK

If you used a Bank of America card at a 7-Eleven ATM, you are eligible to receive money after settlement

The disputed fees were charged at FCTI-owned 7-Eleven ATMs between May 1, 2018, and November 16, 2021

AAP

CBA shares suffer biggest drop ever after earnings miss

Australia's largest bank turned a smaller-than-expected quarterly profit of $2.7 billion because it set aside more cash to protect from loans that go bad.

The Guardian - UK

JP Morgan could scrap £3bn London HQ if Starmer is replaced by PM ‘hostile to banks’

Jamie Dimon says US banking giant could rethink Canary Wharf tower if a future Labour leader targets lenders

The Guardian - UK

UK households cut back spending at fastest rate in 16 months, Barclays says

Dip in credit card spending in April, particularly on travel, suggests Britons preparing for harder times amid Iran war fallout

The Guardian - UK

Advisers urge JP Morgan investors to vote to split chair and CEO positions

SS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both roles

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