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The Latest Breaking News on Financial Services

Australia’s biggest companies made nearly $100bn in ‘crisis profits’ amid Covid and Ukraine war

Oxfam analysis finds Woolworths, Hancock Prospecting and NAB among companies to rake in much higher profits off the back of crisis conditions

The Guardian - AU

HSBC’s Swiss private banking arm breached money-laundering rules, regulator finds

Finma watchdog says bank failed to carry out adequate checks of two high-risk business relationships

The Guardian - UK

3 Financial Powerhouses to Anchor Your Balanced Portfolio

Financial institutions are experiencing higher transaction volumes and investments, reflecting improved consumer and business confidence. Moreover, technological advancements have revolutionized the financial landscape. Thus, it could be wise to invest in financial powerhouses JPMorgan (JPM), Morgan Stanley (MS), and Goldman Sachs (GS) to anchor your balanced portfolio. Read on….

StockNews.com

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Labour sets out plans for hundreds of new banking hubs

The party said its proposals would mean ‘bringing banking back to high streets’.

The Independent UK

Ten arrests after pro-Palestine protesters block entrances to City of London bank

Protesters locked themselves to each other outside Scotiabank

Evening Standard

‘I was abused twice, first by my partner and then by my bank’

Charities are calling for more help for women trapped with mortgages they cannot change because they are controlled by an abusive partner

The Guardian - UK

Terminally ill Bicycle Bandit admits bank robberies

A bank robber known as the Bicycle Bandit has pleaded guilty and apologised to victims, after his lawyer told the SA Supreme Court the man is dying.

AAP

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Israel's 'Economic War' Chokes Occupied West Bank

Palestinian teenagers bounced on trampolines and jumped through hoops inside a towering tent on the outskirts of Ramallah, the financial hub of the occupied West Bank.

International Business Times

Ethical banking in the UK: how to put your everyday account to good use

With spotlight on investments behind banks, we ask whether three top providers still offer a good deal

The Guardian - UK

Wells Fargo fires over a dozen employees for faking mouse movements

Multiple employees were fired by Wells Fargo for utilizing mouse jigglers to fake that they were at work.

Tom’s Guide

Barclays suspends sponsorship of Download, Latitude and Isle of Wight festivals

Move follows protests from bands and fans over the bank providing financial services to defence companies supplying Israel

The Guardian - UK

Co-op Bank customers voice anger as business payments taken twice

Some users say they were forced into overdrafts because past transactions were repeated

The Guardian - UK

The inside story on one great bank makeover, and 9 others to make your home

Closing bank branches are making way for homes.

Newcastle Herald

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

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AAP

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.

The Independent UK

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 National (Scotland)

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 Independent UK

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

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news in one place.

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Evening Standard

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

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

AAP

'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.

The Guardian - UK

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

Evening Standard

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

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