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The Latest Breaking News on Financial Services

Bristol and Bath businesses adapt strategies for growth, according to HSBC

Bank says a third of UK businesses plan to adapt their strategies to navigate financial challenges over the next six months

Birmingham Post

Warning over 'purchase scams' as fraudsters trick people into buying goods that don’t exist

Lloyds Bank says there has been an increase in incidents involving criminals tricking people into paying for goods and services that don’t exist on social media

Chronicle Live

NatWest issues warning to anyone on social media

Fraudsters scammed customers out of millions last year

Liverpool Echo

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Bolivia: Trustee probing bankrupt bank died by suicide, no foul play found in fall from building

The trustee of a bankrupt bank in Bolivia who died after falling from the 15th floor of an office building killed himself, a forensic investigation has concluded, casting new doubts on a case that has gripped Bolivia amid accusations of a cover up and as the country faces an economic…

The Independent UK

Ex-JPMorgan executive wrote Epstein 'should not be a client' in 2011 email -deposition

A former JPMorgan Chase Co executive wrote in a 2011 email that the late financier and sex offender Jeffrey Epstein should not be a client of the bank, according to a transcript of a deposition of Chief Executive Jamie Dimon seen by Reuters.

Reuters

JPMorgan CEO Jamie Dimon says he never heard of Jeffrey Epstein until after his 2019 arrest

JPMorgan CEO Jamie Dimon says he never heard about Jeffrey Epstein until he was arrested in 2019 and he was surprised by that

The Independent UK

Krungsri sees support for Japan's interests

Bank of Ayudhya, which markets itself as Krungsri, believes the new government will support Japanese investment in Thailand.

Bangkok Post

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Barclays CEO Jes Staley contradicts JP Morgan chief’s claim they never discussed Epstein

Staley says that he communicated with Jamie Dimon about the convicted sex offender, in a lawsuit against the US banking giant

The Guardian - US

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

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

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Nottingham Post

UK bank issues £570 warning to all customers about fraudsters

The bank has urged people to take steps to protect themselves

Insider UK

Scottish business confidence falls in May

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

Wales Online

Lloyds Bank issues £570 warning to customers

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

Manchester Evening News

UK bank warns customers of £27m purchase scam warning

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

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Liverpool Echo

HMRC warning to everyone who claims Tax Credits

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

The Guardian - AU

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

Birmingham Post

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

ABC News

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.

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

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Dipanjan BanchurSince

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