The Latest Breaking News on Financial Services

American Express Doubles Down for Majority Stake in China Bank Card Clearing Business

U.S. credit card giant increases investment in Chinese clearing house joint venture to tap into trillions of dollars card transactions

Caixin Global · Dec 6, 2023

Big bank CEOs warn that new regulations may severely impact economy

The heads of the nation’s biggest banks say there are reasons to be concerned about the health of U.S. consumers _ particularly poor and low-income borrowers _ in their annual appearance in front of Congress on Wednesday

The Independent UK · Dec 6, 2023

Shareholders slug Bank of Queensland with first strike

Bank of Queensland is the latest Australian company to suffer a first strike to its remuneration report after a year of falling profits and regulatory strife.

AAP · Dec 5, 2023

'It's the last straw': Community supports petition against Bank of Scotland closure

A PETITION concerning the imminent closure of a Bank of Scotland branch in Argyll with more than 1700 signatures has been delivered to bank staff.

The National (Scotland) · Dec 4, 2023

World Bank accused of ‘turning blind eye’ to sexual abuse in Kenyan schools it funded

Calls grow for independent inquiry after the bank’s internal watchdog found 21 cases of child sexual abuse by teaching staff

The Guardian - UK · Dec 4, 2023

Finding funds: On COP28 and the ‘loss and damage’ fund

In ensuring climate justice, the loss and damage fund’s contents need to be easily accessible to those who need it most without bureaucratic hurdles, and in sufficient quantities

The Hindu · Dec 1, 2023

Lord Darling of Roulanish obituary

Labour chancellor of the exchequer who in 2008 found himself in the eye of an unparalleled economic storm

The Guardian - UK · Dec 1, 2023

Banking 'bullies' leave vulnerable people open to scams

Post offices are increasingly filling the void when rural banks shut down, but they're not always paid for their services, a Senate inquiry has been told.

AAP · Nov 30, 2023

How underrated chancellor Alistair Darling helped weather financial crisis

Labour politician, who has died aged 70, faced toughest challenge of his career when economy crashed in 2008

The Guardian - UK · Nov 30, 2023

Barclays offers 90% mortgage with sub-5% interest rate after slashing prices twice in four days

Other lenders to announce cuts today include TSB and Accord

Evening Standard · Nov 30, 2023