The Latest Breaking News on Financial Services

Karuvannur bank scam casts Thrissur LS constituency at the centre of a high-stakes CPI(M)-BJP political battle

In Thrissur, the Karuvannur Cooperative Bank scam has become a major political issue ahead of the 2024 Lok Sabha polls. BJP's Suresh Gopi has increased the party's vote share in the district, and CPI(M) is on the offensive, accusing BJP of using ED to further Gopi's candidacy. BJP's K. Surendran…

The Hindu · Oct 8, 2023

Metro Bank agrees rescue deal with investors

Lender secures £325m capital from new and existing shareholders and £600m of debt refinancing

The Guardian - UK · Oct 8, 2023

Resilience of Australian businesses under a microscope

A health check on the business sector and consumers will reveal how well the economy is holding up as price pressures persist and interest rates remain high.

AAP · Oct 8, 2023

Six high-street banks given ‘red’ warning over eco policies, Which? reveals

JP Morgan Chase, Santander, Barclays, HSBC, NatWest Group and Lloyds Banking Group were criticised by the consumer champion.

The Independent UK · Oct 5, 2023

Metro Bank shares plummet as bank seeks to shore up balance sheet

Stock falls by quarter after news high street lender looking to sell off mortgages or tap investors for more cash

The Guardian - UK · Oct 5, 2023

Metro Bank considering raising hundreds of millions from investors

High street lender recently failed to convince regulators it could be trusted to hold less cash against its mortgage risks

The Guardian - UK · Oct 4, 2023

Former Co-op Bank boss in court accused of fraud

Paul Flowers, 73, appeared in court with the aid of a Zimmer frame

Evening Standard · Oct 4, 2023

CM fooling people that their investments are safe with Karuvannur bank: Satheesan

Congress party was apprehensive about the outcome of the case, says Opposition leader; he also wants the government to do everything to give back depositors the life savings that they had lost

The Hindu · Oct 4, 2023

Fixing the rot in the cooperative sector

Societies and urban banks are controlled by politicians with no domain expertise

The Hindu · Oct 3, 2023

Judge stands aside in ANZ pregnancy discrimination case after ‘candid’ comments revealed

‘Extraordinary turn of events’ sees judge in long-running court case step aside after being recorded making remarks

The Guardian - AU · Oct 3, 2023