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The Latest Breaking News on Financial Services

Scottish National Investment Bank facing loss of £9m loan to Circularity Scotland

SCOTLAND’S state-owned investment bank is facing the loss of a £9 million loan to Circularity Scotland after the firm appointed administrators.

The National (Scotland)

Nationwide promises to keep high street branches open until 2026

The Swindon-headquartered building society has 605 branches across the country

Birmingham Post

Nationwide extends promise not to leave towns without a local branch until at least 2026

Company, which is owned by its 16 million customers, says it has invested £46m in keeping its network open

The Independent UK

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Bristol interior design firm wins multi-million pound contract to 'transform' city centre complex

Paramount has been tasked with providing a "high-spec refurbishment" for global investment bank Credit Suisse

Birmingham Post

Michael Wood resigns as a minister after further revelations

The suspended Transport Minister's family trust holds shares in Chorus, Spark and the National Australia Bank.

Newsroom.co.nz

Mortgage lenders ‘stand ready’ to help borrowers struggling with payments

Lenders urged those who are worried about their payments to get in touch.

The Independent UK

The Welsh business leaders recognised in the King’s Birthday Honours List 2023

A number of influential business figures from Wales have been honoured

Birmingham Post

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Santander launches new current account offering up to £30 cashback each month

The new Edge Up current account offers 1% cashback on selected monthly bills paid by direct debit.

Daily Record

Top 10 Most Trusted Brands for Banking, Investments and Payments

See which companies scored a spot in the top ten most trusted brands for banking, investments and payments.

Kiplinger

South West upholstery business expands operations by 70 per cent, with nearly £1m funding

Bristol-based firm Southwest Upholstery repairs, recovers, and manufactures seatin

Birmingham Post

J.P. Morgan opens first Manchester office in city centre landmark

J.P Morgan also has UK offices in London, Bournemouth, Glasgow and Edinburgh

Birmingham Post

Santander axes popular current account as new product launched with £30 a month perk

Some Santander customers will be given the option to switch to the new account while keeping all their old details

Manchester Evening News

Santander axes popular current account - and replaces with new product

In its place, Santander has launched a new current account - the Santander Edgue Up - which offers cashback and other perks

Daily Mirror

Santander axe key accounts after ten years

The bank is removing several accounts from sale today

Liverpool Echo

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Bangkok Post

BoT cracks down on lending

The Bank of Thailand plans to implement new lending guidelines to prevent over-indebtedness of household borrowers, says Siritida Panomwon Na Ayudhya, assistant governor of payment systems policy and financial consumer protection group.

Birmingham Post

Lloyds Bank launches new T-Levels programme in Bristol to boost South West opportunities

T-Levels were introduced in 2020 as a way to enable young people to gain the equivalent of three A-levels

StockNews.com

Should You Buy, Sell or Hold JPMorgan Chase & Co. (JPM)?

The largest U.S. bank by assets, JPMorgan (JPM), raised its net interest income guidance by $3 billion last month following the acquisition of the First Republic Bank. However, the bank remains cautious as the uncertainty over deposits and the economy could impact its forecast. Should investors consider buying the stock…

Daily Mirror

Barclays is shutting 14 more bank branches this year - see if your local is closing

The latest wave of closures from Barclays will see 13 bank branches shut in England and one in Scotland, while no branches in Wales or Northern Ireland are affected this time

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Bangkok Post

SCB X, KakaoBank keen on virtual banking

SCB X Plc is teaming up with KakaoBank to set up a consortium to apply for a virtual bank licence from the Bank of Thailand.

Bangkok Post

Exim Bank eyes green loans

Export-Import (Exim) Bank of Thailand plans to expand its green loans to 50% of its total outstanding loan book within four years, in line with global environmental goals, says president Rak Vorrakitpokatorn.

Zenger

Robert Kiyosaki Warns Of More Bank Failures, Mortgage Giant, Loan Depot, On The Ropes

Author of 'Rich Dad Poor Dad' advises caution as regional banks and mortgage companies fall

Evening Standard

‘Black Amazon’ owner champions minority businesses with £500k boost

An entrepreneur who set up the UK’s “black Amazon” spoke of her mental health struggles as she called for more help for start-ups run by ethnic minorities.

Kiplinger

How to Survive the 2023 Stock Market

To survive the 2023 stock market, investors should focus on high-quality stocks and bonds, watch out for a recession, and above all, stay nimble, says Wells Fargo Investment Institute's senior global market strategist.

The Hindu

Banks cannot use muscle power to recover loan amount, says Madras High Court

If banks have to recover outstanding loan amount, the same has to be recovered in accordance with the procedure established by law. Coercive method of recovery by private agents, if appointed by banks, is not permissible. The banks certainly cannot use muscle power to recover the loan amount, the Madras…

StockNews.com

1 Bank Stock to Buy Now, 2 to Cash Out

Since March, the banking sector has encountered numerous challenges, resulting in the collapse of three major banks, which has shattered investors’ sentiments. While I think fundamentally strong bank stock Hanover Bancorp (HNVR) could be worth buying, avoiding Glacier Bancorp (GBCI) and Silvergate Capital (SICP) might be wise. Keep reading.

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