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The Latest Breaking News on Financial Services

Bank closures 'sad and frustrating' for rural towns

Junee fought back when the Commonwealth Bank prepared to close the only bank in the NSW Riverina town, an inquiry has been told.

AAP

Crisis-hit CBI shelves plans for tie-up with manufacturing body Make UK

Confederation of British Industry tells members it is confident an alternative emergency cash rescue will be found

The Guardian - UK

Demand among savers for fixed-term deals has surged, bank reports

NatWest said more than 82,000 fixed-term savings accounts were opened in the first half of this year.

The Independent UK

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ED raid on Ayyanthole bank ends on Tuesday morning

ED raids on Ayyanthole & Thrissur Service Co-op Banks conclude. ED examined accounts of Satheesh Kumar, his relatives & 'benamis' in Ayyanthole Bank. ED took details of 5,000-odd accounts in Thrissur Bank. Reports of more people to be questioned in Karuvannur Bank loan scam. A.C. Moideen informed ED of his…

The Hindu

Do you have a right to a bank account?

The regulator is taking a closer look at why people do not have a bank account and an apparent high range of declines for those seeking basic banking.

The Independent UK

FCA finds no evidence of customers being debanked over political views

Watchdog launched inquiry after row over Coutts’s handling of Nigel Farage’s account

The Guardian - UK

Banks 'cold and unhelpful' as they desert rural areas

Face-to-face banking is part of the social fabric in Tasmania's regions, which have ageing populations and low levels of literacy, an inquiry has been told.

AAP

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DN Exclusive: Is PNB top management under deep slumber? CBI nabs another official for bribe, Bank’s work culture under question mark

Back to back arrest of Punjab National Bank's (PNB) officials by the Central Bureau of Investigation (CBI) in corruption cases is raising a big question on the work culture and credibility of the Bank. Why does the top management totally fail to make the Bank corruption free? Read full story…

Dynamite News

A note of caution about the withdrawal of cash

Without coins and notes, unaccountable banks can know everything we’re spending. Is that good?

The Guardian - UK

1 Income Stock to BANK ON Now

One of the best ways to address risk is through diversity. With a strong balance sheet and solid earnings KB Financial (KB) provides a diverse option in the banking sector, with international exposure to mitigate some of the risk we’ve seen in U.S. banking this year.

StockNews.com

Kerala Assembly unanimously passes latest amendments to Kerala Co-operative Societies (Amendment) Bill

State Assembly unanimously passes latest amendments to Kerala Co-operative Societies (Amendment) Bill

The Hindu

Smiling Alex Murdaugh appears in court in shackles as trial date set in financial fraud case

The disbarred South Carolina attorney is already facing two life sentences for the June 2021 murders of his wife Maggie and son Paul

The Independent UK

It’s not vandalism to dream of reviving the Curzon Mayfair

City Voices: Contrary to how he’s being presented, Dan Zaum is not aiming to scrap the beloved Mayfair cinema

Evening Standard

RBI to banks: Return property papers within 30 days of loan repayment, or pay Rs 5000 fine

MUMBAI: The Reserve Bank of India (RBI) has issued guidelines to banks regarding the release of documents related to movable and immovable property upon full repayment of loans by customers. These guidelines have been introduced to address discrepancies in the practices followed by banks, which have led to customer grievances…

The Times of India

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Newsroom.co.nz

Heartland breaks ranks to allege 'distorting' behaviour by big banks

Big banks' deep pockets allow them to tilt the playing field with mortgage broker incentives and home loan cashbacks, says Heartland chief executive. Jonathan Milne reports.

StockNews.com

Bank of America (BAC) vs. Wells Fargo (WFC) vs. JPMorgan (JPM): Which Bank Stock Has Better Momentum Behind It?

The U.S. banking industry currently faces challenges like rising deposit costs, rating downgrades, slowing loan growth, stricter lending standards, etc. Therefore, watching the momentum of major banks like JPMorgan Chase (JPM), Wells Fargo (WFC), and Bank of America (BAC) could offer investment opportunities. Let’s find out which of these stocks…

The Independent UK

JPMorgan alerted US government to $1bn Epstein transactions linked to ‘human trafficking’

Virgin Islands is seeking at least $290m in blockbuster civil case due to go to trial next month

Newsroom.co.nz

Borrowers left in 'mortgage prison' as firms quit personal lending market

A Commerce Commission inquiry has been warned that Kiwi borrowers will be unable to shift to more competitive lenders because of tough new credit rules. Jonathan Milne reports.

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news in one place.

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The Guardian - UK

Barclays seeks climate director after protests over fossil fuel finance

Communications role follows year in which campaigners targeted bank over environmental stance

The Times of India

RBI decides to withdraw incremental CRR in phased manner

MUMBAI: The Reserve Bank on Friday decided to discontinue the Incremental Cash Reserve Ratio (I-CRR), which was put in place to absorb surplus liquidity following the withdrawal of Rs 2,000 currency notes, in a phased manner beginning Saturday. On August 10, the RBI mandated banks to maintain an incremental cash…

StockNews.com

JPMorgan Chase & Co. (JPM): September Buy, Sell or Hold?

The banking industry is facing another crisis as top credit rating agencies have downgraded several banks and warned of potential downgrades for America’s largest lenders. Amid this uncertainty, let’s find out if buying, selling, or holding JPMorgan Chase (JPM) would be wise.

The Independent UK

Number of ticket scams has doubled in a year, warns Santander

The scams happen when a criminal sells someone a ticket for that is fake or does not exist.

The Guardian - AU

Outgoing RBA governor Philip Lowe says tough decisions made him ‘very unpopular’

At a speech in Sydney, Philip Lowe has said some of his economic explanations ‘missed the mark’ but that media should avoid ‘clickbait’

StockNews.com

Bank of America (BAC) vs. The PNC Financial Services Group (PNC): Which Bank Stock Has a More Profitable Future?

The banking sector has faced numerous obstacles this year, with ongoing concerns over rating downgrades applying persistent stress on banking stocks. Amid this uncertainty, let’s delve into a comparative analysis of Bank of America Corporation (BAC) and The PNC Financial Services Group (PNC) to determine which of these two players…

The Hindu

‘India’ in Reserve Bank’s name should be replaced with ‘Bharat’: Himanta

Assam CM Sarma calls for renaming RBI to Reserve Bank of Bharat, claims India & practices associated with British era are 'colonial hangovers'. He believes Modi ji is the one to root out these hangovers & that Sanatana Dharma has no beginning or end.

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