Australia appoints first female governor in central bank’s history Michele Bullock will start her seven-year term as Reserve Bank of Australia governor this September The Independent UK · Jul 14, 2023
Afternoon Update: cautious welcome for new RBA governor; Peter van Onselen loses case; and watch Fran Drescher’s fiery Hollywood strike speech Labor hails appointment of first female Reserve Bank boss as ‘historic moment for Australia’ The Guardian - AU · Jul 14, 2023
Colonial settles super fees class action for $100m Thousands of super fund members will be eligible for a share in a $100 million settlement, the highest by law firm Slater and Gordon in a class action. AAP · Jul 14, 2023
Australia names first woman to lead central bank Michele Bullock will take over as governor of the Reserve Bank of Australia in September. Al Jazeera · Jul 14, 2023
Michele Bullock: what you need to know about the RBA’s new governor The Reserve Bank ‘lifer’ will succeed Philip Lowe in the top job. Who is Michele Bullock and what has been the reaction to her appointment? The Guardian - AU · Jul 14, 2023
First woman to lead Reserve Bank as Lowe exit locked in Philip Lowe will leave his post as head of the Reserve Bank, with Michele Bullock the first woman picked to lead Australia's central bank. AAP · Jul 13, 2023
Nationals accuse Labor of ‘hypocrisy’ over response to scathing APVMA report – as it happened This blog is now closed The Guardian - AU · Jul 13, 2023
Bank of America Fined Over Junk Fees, Fake Accounts. Customers Get $100M Payout Bank of America was ordered to pay more than $100 million to customers for 'double-dipping' junk fees and denying rewards bonuses. Kiplinger · Jul 13, 2023
Citigroup (C): Is the Stock Worth Putting Money Into? There are growing signs of stability returning to the banking sector. Recently, large banks, including Citigroup (C), passed the Federal Reserve’s stress test. However, C is expected to report a year-over-year decline in EPS and revenue for the second quarter. So, will it be wise to buy the stock now?… StockNews.com · Jul 13, 2023
UK’s biggest mortgage lenders in 2022 ranked Lloyds Banking Group has held its position as the UK’s biggest mortgage lender but some providers moved up or down the tables. The Independent UK · Jul 13, 2023
Confidence growing in East Midlands economy NatWest business survey found inflation eased in June and business confidence was at its strongest since early 2022 Birmingham Post · Jul 13, 2023
Jo was scammed out of $4,000. She wants Australia’s banks to be responsible for paying it back While banks resist calls to agree to a code for reimbursing money to fraud victims, consumer law advocates warn of the ‘outsized vulnerability of our citizens to scams’ The Guardian - AU · Jul 13, 2023
OakNorth expands into Scotland with new Glasgow office Two senior debt finance specialists now on the ground to drive lending into Scottish SMEs Insider UK · Jul 12, 2023
UK lenders pass stress tests as Bank of England warns of more mortgage pain Banks ‘could weather £125bn hit in economic downturn’ despite rising interest rates The Guardian - UK · Jul 12, 2023
The Guardian - AU · Jul 12, 2023 Afternoon Update: RBA cuts number of meetings; wastewater exposes cities’ drug habits; and an algorithm creates the ‘best’ expletive ever Reserve Bank governor Philip Lowe says the change will allow more time to examine key issues in detail
The Conversation · Jul 12, 2023 Reserve Bank Governor Lowe announces changes to bank's operations as cabinet readies to approve who will lead it Reserve Bank Governor Philip Lowe has announced a raft of reforms the bank will make following the recent review of its operations, as the government prepares to announce who will lead it after his term expires in September.
Chicago Sun-Times · Jul 11, 2023 Bank of America hit with $250M in fines, customer refunds for ‘double-dipping’ fees, fake accounts It is one of the highest financial penalties in years against Bank of America, which has largely spent the last 15 years trying to clean up its reputation.
The Independent UK · Jul 11, 2023 Landmark First Bank building in Philadelphia to be renovated and will become a museum The landmark First Bank of the United States in Philadelphia, subject of a fierce debate in the early years of the American republic, will be getting a $22.2 million renovation as part of a planned transformation into a museum
The Independent UK · Jul 11, 2023 TSB bank offering customers £200 for simple switch - here’s how to get it There are several banks offering cash incentives if you swtich
The Independent UK · Jul 11, 2023 Saudi Arabia deposits $2 billion in Pakistan's central bank as a boost ahead of a key IMF meeting Saudi Arabia has deposited $2 billion into Pakistan’s central bank, a much-needed financial boost ahead of a critical meeting of the International Monetary Fund on the new bailout package for the cash-strapped South Asian country
Chronicle Live · Jul 11, 2023 Northumbria Healthcare NHS trust bucks national trend to pay some bank staff bonuses Some bank staff at the Northumbria Healthcare NHS Trust will receive a lump sum bonus payment as part of the pay deal agreed in May - but that's not the case elsewhere in the North East
Dynamite News · Jul 10, 2023 Bangladesh moves beyond dollar to settle trade with India in rupee Bangladesh is all set to settle trade with India in Rupee from Tuesday, a move to cut their reliance on the American currency, which was involved in nearly 90 per cent of global forex transactions in 2022, The Daily Star reported. Read further on Dynamite News:
The Guardian - UK · Jul 10, 2023 Andrea Leadsom held shares in Barclays when questioning bank’s ex-boss Exclusive: Revelation about Tory former minister raises questions about adequacy of transparency rules
The Times of India · Jul 10, 2023 Utkarsh Small Finance Bank IPO: Schedule, price band and other details NEW DELHI: The IPO of Utkarsh Small Finance Bank is scheduled to open on July 12, 2023 and close on July 14, 2023. The bank is looking to raise Rs 500 crore through the IPO.
Birmingham Post · Jul 10, 2023 Business activity in Northern Ireland grows again as inflationary pressures ease Manufacturing and services saw the biggest increase in activity