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The Latest Breaking News on Financial Services

“Barclays funds climate chaos – people are dying right now"

Things turned heated at Barclays’ annual meeting

Bristol Post

Full list of 76 bank branches closing this month - including HSBC, TSB, Halifax, Barclays and NatWest

Banks are opting to shut down large chunks of their branches as they begin to move focus towards online banking

Manchester Evening News

Cost of living Ireland: Bank of Ireland ease financial pressures with €1 million charity donation

The bank will assist five Dublin charities, including Hill Street Family Resource Centre and Friends of the Elderly, to help groups most at risk as living costs pile up

Dublin Live

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The U.S. has more banks than anywhere on Earth. That shapes the economy in many ways

The U.S. has more than 4,500 banks — more banks than any other country. That huge number of lenders has shaped the economy in countless ways, but it also can pose risks.

WEKU

First Republic: will UK banks survive unscathed?

The Treasury has sought to reassure the public that the British banking system is safe after First Republic became the third major US bank to fail in two months.

The Week

Virgin Money profits fall amid higher provisions for customer arrears

The bank played down cost of living fears and said its lending books showed no signs of stress

Birmingham Post

Which banks have passed on the May RBA rate rise to mortgage borrowers? NAB kicks it off, as ANZ follows

Here is a breakdown of which major banks have responded to the RBA's decision, and which ones we're still waiting on.

ABC News

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DES Ministry, 16 banks fend off scams

The Digital Economy and Society (DES) Ministry is joining forces with 16 banks to notify people about online scams and fake news on their banking apps in an effort to raise public awareness about online financial fraud, preventing more scamming victims.

Bangkok Post

Key Asian bourses dip amid US concerns

Major Asian stock exchanges sank on Wednesday on renewed investor concerns that a softening US economy and troubles with that country's regional lenders could slow Asia's growth.

Bangkok Post

Who is Ajay Banga, the next president of the World Bank?

Washington (AFP) - Ajay Banga, confirmed Wednesday as the World Bank's next president, is an Indian-born American executive who has been hailed by media in his birth country as the global development lender's "face of change."

AFP

Fed Opens Door to Rate Pause After 10th Straight Hike

The Fed tweaked its near-term rate guidance Wednesday, telling investors it was 'determining' whether more increases would be needed in coming months.

The Street

Ex-Mastercard CEO Ajay Banga confirmed as World Bank leader

Former Mastercard CEO Ajay Banga, an Indian army officer’s son with decades of corporate experience, has been confirmed to lead the World Bank for a five-year term that starts next month

The Independent UK

US pick Ajay Banga confirmed as new World Bank president

Washington (AFP) - The World Bank confirmed Wednesday that Ajay Banga will be its next president, handing him the reins at a pivotal time as it looks to reshape its role to better address climate change.

AFP

Get Ready for Summer by Investing in These 2 Leisure Stocks

Consumer spending held steady in March despite the banking crisis. In light of improved consumer and business sentiments, investing in sound leisure stocks, Endeavor Group Holdings (EDR) and Cedar Fair (FUN), could be wise. Read on….

StockNews.com

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The Guardian - UK

Climate protesters rework Spice Girls song to disrupt Barclays AGM

Lyrics of Stop changed to ‘stop right now, no more oil and gas’ because of bank’s fossil fuel funding

Axios

How the regional banking crisis is hitting the economy

Lending is almost certain to tighten, creating a new headwind for an otherwise decent economy.

The Independent UK

How older people can learn online banking skills – as report finds many over-65s don’t manage money online

From digital training sessions to help from relatives, there are a number of options for older people who want to grow their online banking skills.

Edinburgh Live

Edinburgh and East Lothian branches among 13 bank closures across Scotland

Both the Bank of Scotland and the Royal Bank of Scotland are set to close branches in the capital or East Lothian. Around 13 banks will close physical stores in Scotland this summer.

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news in one place.

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The Street

Stocks Nudge Higher, Fed In Focus, Jobs Data On Deck, AMD Slides, Ford Dips - Five Things To Know

Stock futures nudge higher as banks wobble, Treasuries rally; Fed set for 10th, and possibly final, rate hike as markets eye next move; ADP jobs data in focus as downbeat JOLTS hints labor market weakness; AMD slides as muted sales forecast clouds Q1 earnings beat and Ford slips as carmaker…

Evening Standard

Lloyds Banking Group beats profit forecasts as lenders now look toward BOE rate hike

The UK’s biggest single mortgage lender is the latest bank to beat profit forecasts

The Guardian - UK

Lloyds profits jump by 46% amid higher interest rate charges

But bank expects margins to drop because of tougher competition for mortgage and savings customers

Insider UK

Lloyds beats forecasts with 46% profit rise after interest rates boost

Banking group expects the economy to fall by 0.6% in 2023 overall, slipping into a 'mild recession' over the first three quarters

Birmingham Post

Business confidence amongst Welsh firms shows rise

Companies in Wales reported higher confidence in their own business prospects

Zenger

Credit Suisse History Of Doing Business Members Of The Nazi Party Remembered

Top Republican in the U.S. Senate Budget Committee questions the bank's history of the Nazi's interests.

The Independent UK

Former CEOs of failed banks to testify before Senate panel

The former top executives of two failed banks will testify before Congress this month

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