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The Latest Breaking News on Financial Services

World Bank Upgrades Global Growth Outlook On Resilient US Economy

The World Bank raised its global growth outlook on Tuesday on the back of resilient consumer spending in the United States, but warned that growth remains weak by historical standards.

International Business Times

Households keep falling behind as rate increases bite

Most borrowers are adapting to tough financial conditions but the number of people in hardship or struggling to meet repayments is growing.

AAP

Barclays branches across the country damaged by pro-Palestine activists

The windows of a branch of Barclays in Bristol were completely smashed, with red paint visible on the bank sign

The Independent UK

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Scotland 'standout performer' in UK economy, report finds

SCOTLAND was a “standout” performer among the UK nations and regions with its private sector economic growth ...

The National (Scotland)

Coffee, sculptures and financial advice. Banks try to make new branches less intimidating

After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch

The Independent UK

Barclays bank branches across London vandalised by pro-Palestinian protesters in countrywide wave of attacks

Protesters targeted 20 branches including at least five on London on Monday

Evening Standard

Collectors descend on Bank of England to get hands on first King Charles bank notes

One man waited overnight outside the Bank of England so he could be first in the door

Evening Standard

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King Charles banknotes enter circulation today: Where can you get them in London?

The sovereign is being changed on the Bank of England’s notes for the first time

Evening Standard

'I don't do fraud': jury hears ex-NAB staffer's denials

NAB was targeted by separate plots to use leaked, fraudulent bank documents to purchase Sydney properties and withdraw over $21 million, jurors have heard.

AAP

New lifeline for bank customers as ‘super-ATMs’ go on trial in England

Residents in areas without branches can withdraw and deposit cash with various high street banks using one machine

The Guardian - UK

UK bank Standard Chartered accused of helping to fund Iran and terrorists

Lender denies whistleblowers’ claim transactions worth $100bn were carried out in breach of sanctions

The Guardian - UK

Standard Chartered hit with $100 billion terror group money laundering allegations

FTSE 100 bank denies the claims, made in US court papers in a case hoping to overturn a previous ruling backed by the Supreme Court

Evening Standard

Trio on trial accused of $21m fraud plot against NAB

Two men and a woman allegedly formed a multimillion dollar fraudulent scheme against National Australia Bank and other firms using fake vouchers and guarantees.

AAP

Hertfordshire manslaughter: Woman who pushed alzheimer's sufferer to death inside bank spared jail

Courtney Richman has been given a suspended jail sentence

Evening Standard

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AAP

Rural Australians left up in the air as banks shut down

Up to 600 Australian towns no longer have a bank, forcing country people to go to extraordinary lengths to manage their money.

International Business Times UK

Can You Avoid Credit Card Debt If You Move To Another Country?

A Chinese student studying in the US claims to have maxed out credit cards to resist American imperialism.

StockNews.com

Which Bank Stock Offers a Higher Yield: Bank of America (BAC) vs. Citigroup (C)

Despite challenges like high interest rates and inflation, the banking sector grows due to a strategic focus on deposit quality and promising global market expansion. Now, let's delve into the fundamental aspects of Bank of America (BAC) and Citigroup (C) stocks to see which bank stock offers a higher yield.…

The Independent UK

27-year-old bank worker’s body found in rubble of massive Ohio explosion

Police say they have recovered the body of a 27-year-old Chase Bank employee from the rubble after the explosion

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Caixin Global

Shanghai Composite Index Ended Nearly Flat on Wednesday

Shenzhen Component Index closed up 0.25%

The Guardian - UK

Metro Bank ignored my report of attempted scam

Although fraudsters gave one of its account numbers, it was totally uninterested as I was not its customer

The Guardian - UK

Hopes grow of G7 deal to support Ukraine with $300bn in frozen Russian assets

Foreign ministers confident of agreement to use bank assets as security for Ukraine reconstruction loan

The Guardian - UK

Co-op bank brand may disappear within years in Coventry Building Society deal

New owner leaves door open to dropping ethical bank’s name after £780m agreement that will create lender with 5m customers

StockNews.com

3 Top Bank Stocks for May Gains

With elevated inflation, the Federal Reserve will likely delay the forecasted rate cuts. Interest rates remaining higher for longer could lead to several challenges for the U.S. banking industry. Given this backdrop, investors could consider looking beyond borders to buy quality foreign bank stocks: Barclays (BCS), Akbank (AKBTY), and Deutsche…

The Independent UK

Coventry Building Society confirms purchase of Co-op Bank in mega-deal

The tie-up will create a banking giant with millions of customers and about £89 billion worth of assets.

The Independent UK

Discover the awards celebrating excellence and diversity in British business

The Lloyds Bank British Business Excellence Awards celebrates the best of British business, with three new categories announced for 2024

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