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The Latest Breaking News on Financial Services

Thai virtual banks expected to lose money in early years

Brokerage KKPS says growth constrained by regulatory framework focusing on risk management

Bangkok Post

Federal prosecutors subpoena banks over alleged closure of accounts

In this week’s edition of Economy and Society:

Ballotpedia

HSBC launch £220 offer to switch banks - but how does it stack up against the competition?

Nationwide, Lloyds and first direct are among the other providers with ongoing switch offers

The Independent UK

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Government Savings Bank expands investment options

Government Savings Bank (GSB) has partnered with 10 asset management companies (AMCs) to expand savings and investment options for its 26 million customers, allowing them to invest according to their individual risk appetites.

Bangkok Post

Banks tighten buy now, pay later rules

Krungthai Bank (KTB) and Kasikornbank (KBank) are scrutinising their buy now, pay later (BNPL) services and adjusting their business strategies to align with stricter regulatory oversight.

Bangkok Post

Barclays to buy GoHenry kids’ debit card and money app

High street bank to buy UK business from US fintech company Acorns as it targets young people

The Guardian - UK

Couple Exposes Fake Wells Fargo Scam, Then Receives Chilling Text: 'Should Have Sent the Money'

A Georgia couple's vigilance against a phone scam led to criminal charges against a Florida woman for extortion and threats. Their caution prevented financial loss and prompted an investigation.

International Business Times UK

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Mideast war dents KBank asset quality

Kasikornbank (KBank) expects the ongoing war in the Middle East to weigh on the bank's asset quality in the second half of the year, while pledging to provide proactive support and relief measures for customers affected by the conflict.

Bangkok Post

81-Year-Old Outsmarts 'Chase Bank' Scammers After Being Told To Withdraw $9,000 — Here's What Saved Her

An alert bank employee prevented an elderly widow from falling victim to a $9,000 scam. Learn about the growing threat of bank fraud and how vigilance can protect your savings.

International Business Times UK

World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds

JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say

The Guardian - US

Monzo launches new credit card for customers who struggle to access lending

Exclusive: The Flex payment option will be aiming to help some people rebuild their credit file

The Independent UK

Revolut launches 5% savings rate for new bank customers

Customers must sign up for an account before 4 August to be eligible

The Independent UK

Two thirds of our customers’ fraud cases start on Meta, Lloyds says

Scams include tickets fraud, wedding photobooths, and tattoo deposits, Lloyds said

The Independent UK

Credit cards aren’t evil – if you know how to use them the right way

Using a credit card is no different than having a drink or two at dinner or a Big Mac once in a while. It’s fine, just don’t overdo it

The Guardian - US

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news in one place.

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The Guardian - UK

‘I’m down to one option’: bank customers left frustrated by latest closures

Apps intended to replace branches have been hit by outages, as a poll finds most Britons want high street services

The Times of India

Canadian man settles in India with wife's family: Cost of living way lower than Toronto, lost 14lbs in 5 months

A Canadian man shared his experience of shifting to India, Bengaluru, permanently, with his wife and how his first five months in India have been both frustrating and rewarding. It has been five months but the man has not been able to open a bank account. A lot of to…

The National (Scotland)

Six more Royal Bank of Scotland branches to close in Scottish towns

NATWEST Group has announced that it will close six more Royal Bank of Scotland branches across Scotland ...

AAP

Amartha Initiates Coalition to Advance Financial Health for Grassroots Communities in Indonesia

JAKARTA, Indonesia, June 5, 2026 /PRNewswire/ -- Amartha Financial (Amartha), together with Women's World Banking, Center for Financial Inclusion at Accion, Mastercard Center for Inclusive Growth, CERISE+SPTF, SME Finance Forum (SMEFF), KUMPUL, Beenext, and Koalisi Ekonomi Membumi (KEM) officially launched the Indonesian Coalition for Financial Health (ICFH). This cross-sector coalition…

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news in one place.

100's of premium titles.
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Bangkok Post

SCB X tempers Gen 2 growth ambitions

SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), expects to maintain single-digit loan growth for its Gen 2 businesses under a cautious strategy despite their strong growth potential.

The Independent UK

Disgraced Army vet and sex offender sparked Bakersfield hostage crisis by telling victims it was a ‘bad day to be at the bank’

Anthony Scott Searles-Harris held 10 people hostage at a California bank for 15 hours before he was shot dead by the FBI

The Guardian - UK

Lloyds customers unable to make payments due to IT glitch

Bank apologises after IT update caused problems with Lloyds, Halifax and Bank of Scotland apps

Evening Standard

Banking apps down latest: Lloyds, Halifax and Bank of Scotland customers hit by outage

Almost 5,000 reports of outages have been logged, with many unable to make payments via their cards, online banking or app

The National (Scotland)

Lloyds Bank customers report issues with banking site and app not working

Lloyds Bank customers have shared that they are facing issues with the website and app going down this morning (Wednesday, June 3)

AAP

Man barricades himself inside US bank with hostages

Police are on the scene in Bakersfield, California after a man barricaded himself inside a bank building with a number of hostages.

Bangkok Post

SCB relying on attrition to reduce its headcount

Siam Commercial Bank (SCB) has no plans to recruit new employees to replace staff leaving through attrition, targeting a workforce of around 15,000 employees by the end of next year.

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People

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