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The Latest Breaking News on Financial Services

Santander axe key accounts after ten years

The bank is removing several accounts from sale today

Liverpool Echo

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.

Bangkok 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

Birmingham Post

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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…

StockNews.com

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

Daily Mirror

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.

Bangkok Post

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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

Zenger

‘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.

Evening Standard

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.

Kiplinger

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…

The Hindu

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.

StockNews.com

SCB X and KakaoBank eye virtual banking

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

Bangkok Post

Weekly Must-Read: China Grapples With Hangover From Consumer Lending Boom

The banking regulator has expanded a pilot program for disposal of nonperforming personal loans, allowing hundreds of financial institutions to offload their bad debt

Caixin Global

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Al Jazeera

Protesters in Lebanon vandalise banks, demand their money back

People demand the return of their savings and call for officials involved in corruption to be held accountable.

Zenger

Jim Cramer After China Rate Cut: ‘Any Stimulus Plan That Works Will Need Help From West’

CNBC “Mad Money” host Jim Cramer weighed in on the Chinese economy and offered a bleak outlook for the U.S. market

Birmingham Post

Number of equity deals for Welsh SMEs up but their value fall

The British Business Bank has published its latest Small Business Equity Tracker

The Guardian - UK

Windrush ‘pardner hand’ saving scheme celebrated at Bank of England Museum

When people came from the Caribbean last century and were turned away by banks, many relied on communal trust

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news in one place.

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Tribune News Service

Jeffrey Epstein paid Skidmore tuition for US Virgin Islands first family

Jeffrey Epstein paid tuition for the children of the U.S. Virgin Islands’ governor and first lady, including at New York’s Skidmore College, JPMorgan Chase & Co. said in court filings.

The Hindu

Clamour for arrest of accused in loan fraud at Pulpally cooperative bank grows

Vigilance officials had delayed submitting the crime report and arresting the accused in the case registered on a complaint by one Daniel and his wife, reportedly victims of the fraud, Mr. Chacko said.

StockNews.com

3 Gold Stocks on the Top of Investors' Watchlist

During periods of uncertainty, gold is considered a safe-haven asset for enhanced stability and reliable returns. Therefore, fundamentally sound gold stocks Kinross Gold (KGC), B2Gold Corp (BTG), and Dundee Precious Metals (DPMLF) seem to be on the top of investors’ watchlist since they serve as a hedge against ongoing economic…

Birmingham Post

South West one of two regions to see increase in equity deals according to British Business Bank

The bank's annual Small Business Equity Tracker shows 155 equity deals completed in the region last year

Al Jazeera

Canada freezes ties with AIIB after ‘communist dominance’ claims

The move over the AIIB comes amid a continued fraying of ties between Ottawa and Beijing.

The Independent UK

Canadian quits Chinese-founded development bank, complains 'Communist Party hacks' dominate it

A Canadian public relations manager for a Chinese-founded development bank has announced his resignation in a statement that accused it of being dominated by “Communist Party hacks” and said Canada’s interests weren’t served by being a member

Bangkok Post

Central bank expects easing of loan growth

The Bank of Thailand expects loan growth in the banking industry to slow as demand eases, though rising interest rates should not be a key factor dampening loan expansion.

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