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The Latest Breaking News on Financial Services

UK bankers warned of ‘severe losses’ if they fail to monitor private equity exposures

Bank of England executive says creeping sense of complacency and lack of data is putting lenders at risk

The Guardian - UK

Coventry Building Society makes £780m offer for Co-operative Bank

Tentative offer follows four months of talks and could create new banking group with almost 5m customers

The Guardian - UK

Nationwide's £2.9bn deal for Virgin Money must be stopped — members should sign up

City Voices: Give Nationwide Members a say on the purchase of Virgin Money

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

New chair steering $20-billion Newcastle merged bank

The Hunter Valley local is a respected business leader.

Newcastle Herald

“Uncle, Are You Listening?”: Woman Wheels Pensioner’s Body Into Bank As Cosigner For A Loan

"I don't think this is legal. He doesn't look well. He's very pale." The post “Uncle, Are You Listening?”: Woman Wheels Pensioner’s Body Into Bank As Cosigner For A Loan first appeared on Bored Panda.

Bored Panda

Brazilian woman arrested after taking corpse to sign bank loan: ‘She knew he was dead’

Shock in Brazil after woman is arrested and charged with violating a corpse and attempted theft through fraud

The Guardian - US

Why big four bank CEO thinks Newcastle ticks more boxes than capital cities

'It's a part of the country that stacks up incredibly well.'

Newcastle Herald

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Witnessing the sad decline of communities in County Durham

Letters: Readers lament the abandoning of Category D villages by the council and the lasting impact that has had

The Guardian - UK

PNC Financial (PNC) Earnings on the Horizon - Buy or Sell?

PNC Financial Services (PNC) is navigating a challenging landscape, which is evident from its underwhelming fourth-quarter performance due to regulatory charges and expenses related to layoffs. Given this outlook, would it be a wise move to invest in the company’s shares ahead of its fiscal 2024 first-quarter earnings? Read more…

StockNews.com

Bank of America (BAC) Braces for Earnings - Strategies for Investors

Bank of America (BAC), the second-largest U.S. lender, will publish its first-quarter earnings on April 16. With the bank’s net interest income expected to decline in the first quarter, should investors consider investing in the stock ahead of its earnings? Read on to learn my view.

StockNews.com

PM Modi in Kerala: ‘Whatever development country has witnessed in last 10 years is just a trailer’

Prime Minister Modi promises to return seized bank funds in Kerala, criticizes opposition parties, and highlights BJP's development vision.

The Hindu

Solid Profits At Banks As Execs Debate US Economic Risks

Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession.

International Business Times

SBI refuses to disclose electoral bonds' details under RTI Act

SBI refuses to disclose electoral bond details under RTI Act, Supreme Court orders complete information to be published.

The Hindu

Money Talks

The American Bankers Association has optimized its headquarters for videoconferencing.

AVNetwork

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Dynamite News

Bank fraud: ED filed prosecution complaint against two Delhi-based oil firm promoters

The Directorate of Enforcement (ED) has filed a prosecution complaint before the Special Court (PMLA). Read further on Dynamite News:

AAP

IGA head urges end to supermarket land grab

The chief executive of IGA's parent company has slammed Coles and Woolworths for hoarding land as a way to prevent competition in the sector.

The Guardian - AU

Australians’ spending softened in March after Taylor Swift concert splurge

The economy is limping into 2024 after per capita activity shrank for the final three-quarters of last year

International Business Times

HSBC To Offload Argentina Business, Absorbs $1 Billion Loss on Exit Deal

HSBC announced its agreement to sell its business in Argentina for $550 million, with a $1 billion pre-tax loss in the first quarter of 2024.

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news in one place.

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StockNews.com

Wells Fargo (WFC) Pre-Earnings Investor Strategies - Buy or Hold?

Wells Fargo & Company (WFC) will release its first-quarter earnings on April 12. The bank is expected to report a decline in revenue and earnings over the prior-year quarter. Therefore, should investors consider investing in the stock ahead of its earnings? Read on to learn my view.

International Business Times

JPMorgan Chase CEO Warns Inflation Could Stay High

Inflation could remain elevated for longer than expected, posing a risk to the US economy's near-term health, JPMorgan Chase Chief Executive Jamie Dimon said Monday.

StockNews.com

Is JPMorgan (JPM) a Strong Buy Ahead of Earnings?

JPMorgan & Chase (JPM), America’s largest bank by assets, will publish its first-quarter earnings on April 12. The bank is expected to report revenue and earnings growth over the prior-year quarter. Therefore, is the stock a strong buy ahead of its earnings? Read on to learn my view.

The Guardian - UK

NatWest criticised over £1.2m pay for boss with ‘limited experience’

Governance adviser says Paul Thwaite could have been offered lower starting salary than predecessor Alison Rose

The Hindu

ED attaches assets worth ₹24.41 crore of absconding Dubai-based VIPS Group owner

Enforcement Directorate attaches assets worth ₹24 crore linked to businessman Vinod Khute in Mumbai money laundering case.

Kiplinger

Bank of America Gets Downgraded Ahead of Earnings: What You Need to Know

Bank of America’s stock is now at fair value, UBS says. Here’s what you need to know.

Evening Standard

Banker bonus gap widens as men awarded more variable pay than women at top financial firms

Median bonuses widened between men and women in 11 out of 18 banks in the UK

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