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The Latest Breaking News on Financial Services

International law firm DAC Beachcroft appoints Bristol office head

The firm's Bristol office at Portwall place in the home office for over 800 employees and is the largest within DACB's global network

Birmingham Post

Bank unions oppose RBI's decision to allow compromise settlement for wilful defaulters

Bank unions AIBOC and AIBEA opposed RBI’s move to allow lenders to settle loans of wilful defaulters under compromise settlement.

The Hindu

Most complained-about financial products revealed by ombudsman service

Just over a third of complaints dealt with by the Financial Ombudsman Service in the 2022/23 financial year were upheld in consumers’ favour.

The Independent UK

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52% of people with disabilities ‘negatively affected by bank branch closures’

Consumer group Which? carried out research among more than 2,700 bank customers with disabilities.

The Independent UK

Skills are of paramount importance in post-COVID era: Rajeev Chandrasekhar

Minister of State for Entrepreneurship, Skill Development, Electronics and Information Technology Rajeev Chandrasekhar has stressed on the relevance of skills in the job sector in the post-COVID-19 era.

The Hindu

3 Foreign Bank Stocks to Buy in June

The U.S. banking industry remains confronted with notable challenges after the recent collapses of three regional banks. With the effects of the bank crisis expected to last longer, investors could consider investing in fundamentally stable foreign bank stocks KB Financial (KB), Woori Financial (WF), and Banco Macro (BMA) instead this…

StockNews.com

Who is Folashodun Shonubi, Nigeria’s new central bank chief?

The appointment of the acting governor comes after the suspension and arrest of his powerful predecessor at the weekend.

Al Jazeera

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FS Bancorp (FSBW) vs. PacWest Bancorp (PACW): Which Stock Is the Better Buy for June?

The banking industry is slowly moving toward stability after witnessing considerable volatility since March due to the failure of three regional banks. While PacWest Bancorp (PACW) completed the sale of its real-estate loans, FS Bancorp (FSBW) acquired seven branches from Columbia State Bank. Let’s compare these two bank stocks to…

StockNews.com

Lloyds Bank South West invests in headquarters and team

The banking group has appointed a new area director for its SME business in the South West and moved to a new headquarters in Bristol

Birmingham Post

Nationwide giving out free £100 payments to bank account customers from today - check if you're eligible

Millions of people will receive the cash payment automatically into their bank account from Tuesday (June 13)

Manchester Evening News

JPMorgan reach $430m settlement with Epstein victims

After months of embarrassing disclosures JPMorgan ignored internal warnings about their client Jeffrey Epstein, the bank settled a class action out of court.

The New Daily

SCB course to shape new leaders

SCB-Julius Baer Securities Co, a strategic joint venture between Siam Commercial Bank and Julius Baer, has launched its latest venture -- The 45 Academia programme -- aimed at cultivating the "leaders of tomorrow".

Bangkok Post

Mortgage turmoil deepens as Santander pulls loans and interest rates could rise again

Soaring cost of home loans is ‘very important’ issue says HSBC UK boss

The Independent UK

Millions of Nationwide customers to get £100 payment amid record profits

The money will be paid automatically into accounts from tomorrow (June 13) to June 30

Bristol Post

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Manchester Evening News

Millions to get £100 cash boost to bank accounts from tomorrow

Nationwide will give out a generous cash boost after experiencing record-high profits

Al Jazeera

JPMorgan to pay $290m to settle with Epstein victims

Agreement would compensate victims who say JPMorgan ignored warnings about Epstein’s abuse and kept him as a client.

Birmingham Post

Lloyds Bank appoints new head of asset finance in the South East and South West

Nathan Morgan was previously an associate director

Evening Standard

JP Morgan reaches settlement with Jeffrey Epstein victims

‘We all now understand that Epstein’s behaviour was monstrous’ JP Morgan said

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Evening Standard

Ukrainian bank accuses former owners of ‘epic’ £1.5bn fraud at London trial

JSC Commercial Bank Privatbank has accused businessmen Igor Kolomoisky and Gennadiy Bogolyubov of misappropriating more than £1.5 billion.

Chronicle Live

Millions of people to start receiving £100 in their accounts from Tuesday - see how

Customers will receive the one-off payment directly in their account as part of a building society's Fairer Share scheme

StockNews.com

The Top 2 Bank Stocks to Watch This Week and 1 to Avoid

The U.S. banking sector has been under immense pressure following the collapses of three major regional banks. With the bank turmoil far from over, it could be wise to add fundamentally sound foreign bank stocks China Minsheng (CMAKY) and Grupo Financiero (GGAL) to your watchlist this week, which are positioned…

The Independent UK

JPMorgan reaches settlement with victims of late paedophile Jeffrey Epstein

Two parties have reportedly reached a $290m ‘agreement in principle to settle’ the lawsuit brought last November by women who were abused by Epstein

Daily Record

Free banking services you can access at any Post Office including cash withdrawals and cheque deposits

Nearly every UK bank customer can access their account at their local Post Office.

Daily Mirror

Millions to start receiving £100 cash payment from TODAY - see who is eligible

Nationwide - which has 16.3 million customers worldwide - will pay out £340million in total, directly into customer accounts from this Tuesday, June 13

Birmingham Post

HSBC unveils Innovation Banking arm centred on former Silicon Valley Bank UK business

'The UK’s world-leading technology and life sciences sectors are central to growing the UK economy'

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