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The Latest Breaking News on Financial Services

North East firms' confidence outstrips regional peers despite monthly fall

A survey of firms by Lloyds Bank found 33% of businesses expected to take on staff over the next year

Birmingham Post

UK bank issues £570 scam warning to those with Facebook or Instagram accounts

The high street bank found that there had been a "surge" in criminals tricking people into paying for goods and services that don’t exist on social media - with the average amount lost being £570

Daily Mirror

Is JPMorgan Chase & Co. (JPM) a Buy or Hold?

JPMorgan (JPM) benefitted from the rising interest rates, with its net interest income rising 49% in the first quarter. The bank recently acquired the assets of the failed First Republic Bank. Amid this backdrop, should investors consider buying the stock? Read on….

StockNews.com

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Monzo tips to a profit as more customers turn to credit

The bank, which says it has more than a 10th of the population as customers, managed to tip to a profit in March.

The Independent UK

UK bank issues stark £570 warning to anyone shopping for clothes and games

Lloyds Bank has dubbed social media as the "Wild Wild west" of online shopping as scams cost shoppers millions of pounds.

Daily Record

Britons flocked to pubs and bars over bank holiday weekend, figures show

Spending in pubs and bars soared by more than 27% on Saturday and Sunday, compared with the same weekend last year, Barclays found.

The Independent UK

UK bank issues £570 warning to all customers about fraudsters

The bank has urged people to take steps to protect themselves

Nottingham Post

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Scottish business confidence falls in May

While the services sector struggles, confidence among manufacturers increased to a one-year high

Insider UK

Lloyds Bank issues £570 warning to customers

The amount is the average that people who are caught by scams lose

Wales Online

UK bank warns customers of £27m purchase scam warning

Data has shown a surge in purchase scams on both Facebook and Instagram

Manchester Evening News

HMRC warning to everyone who claims Tax Credits

People are being urged to be vigilant to avoid losing out on their cash

Liverpool Echo

Philip Lowe ‘appalled’ by PwC scandal but says firm will continue to audit Reserve Bank

At an estimates hearing on Wednesday, RBA governor also repeats the bank’s commitment to raising interest rates to reduce inflation

The Guardian - AU

Despite a dip, business confidence in the South West remains high according to latest Lloyds research

According to the latest business barometer hospitality and leisure businesses are hoping bank holidays, rising temperatures and high confidence is the start to a season of early summer spending

Birmingham Post

Why Australian households are divided when it comes to financial pressure, and economists are divided on the outlook

Economists are divided on how well households will weather the storm of rent rises, soaring home loan rates and rising prices, just as Australians are divided in how much financial pressure they're under.

ABC News

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Wales Online

New discount shop broken into less than two weeks after opening

The owner of the 'discount supermarket' worried he would need to sleep in the shop to prevent further break ins

Daily Record

Scots pensioner and business owner lose £410,000 in telephone banking scam

The pensioner was initially asked to transfer £20,000 to an account provided by the scammer before agreeing and being encouraged to set up internet banking.

The Hindu

Delhi HC reserves order on plea against withdrawal of ₹2,000 currency banknotes

The petitioner submitted that the Reserve Bank of India cannot withdraw from circulation or discontinue banknotes and only the Central Government is vested with such powers

Axios

Small biz hit by slowing economy, credit crunch

Frustrated and angry, small business owners tell Axios that they've lost trust in the financial system.

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news in one place.

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Birmingham Post

The South Wales town of Risca is getting its own banking hub

A banking hub for the town has been approved by LINK

Liverpool Echo

UK bank hits all customers with £570 warning

More and more people who shop online are being left out of pocket

The Guardian - UK

Social media sites are wild west for shopping fraud, says UK bank

Firms ‘should contribute to refunds’ as two-thirds of online scams now originate in Facebook and Instagram

The Guardian - UK

UK mortgages: ‘How did a £42,500 loan turn into a £477,000 debt?’

A Bank of Scotland offshoot faces questions over loans that shared in the rise in a home’s value. We talk to one of hundreds of families affected

Liverpool Echo

Map of where high street banks are closing in Merseyside

Our special tool shows you the areas where banks are due to shut down

Birmingham Post

NatWest teams up with Warwick Manufacturing Group for new green business initiative

WMG runs programme identifying energy use among businesses which will now be rolled out to bank's customers

The Independent UK

Credit Suisse owes millions to Georgia's billionaire ex-prime minister, court says

A Singapore court says Credit Suisse owes billionaire and former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect his money in a trust pilfered by a manager

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