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The Latest Breaking News on Financial Services

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.

Axios

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

A banking hub for the town has been approved by LINK

Birmingham Post

UK bank hits all customers with £570 warning

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

Liverpool Echo

From analysis to the latest developments in health,
read the most diverse news in one place.

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

The Guardian - UK

Map of where high street banks are closing in Merseyside

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

Liverpool Echo

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

Birmingham Post

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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

The Independent UK

Probability That US Banks Will Restrict Cash Withdrawals Is ‘Rising Like Mercury’

The hedge fund manager foresees a change in the banking industry after a chain of events in the banking collapse.

Zenger

Whitley Bay HSBC branch could be given new lease of life as flats

Fears of a derelict building in Whitley Bay town centre may be quelled if the development goes ahead

Chronicle Live

Police arrest six in fake loan app fraud case in Andhra Pradesh

TIRUPATI: The Kadapa district police wing have arrested six persons in connection with a fake loan app case on Thursday.

The Times of India

3 Financial Services Stocks Investors Can Profit From

Financial services companies usually benefit in a high-interest rate environment as it helps them boost their profit margins. Moreover, the growing adoption of digital financial services is expected to drive the long-term growth of the financial services industry. Therefore, it could be wise to buy fundamentally strong financial services stocks…

StockNews.com

Starling Bank founder steps down as CEO to avoid potential conflict of interest

Anne Boden is also a major shareholder and hopes move will shield online bank from possible concerns

The Guardian - UK

Atom Bank appoints former Virgin Money man Lee Rochford as chairman

Mr Rochford helped Virgin Money to float on the London Stock Exchange in 2014

Birmingham Post

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news in one place.

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Birmingham Post

Chief executive of Starling Bank stepping down

Swansea-born Anne Boden said she will leave her role next month but remain on the board and partly own the challenger bank

Los Angeles Times

Anita Chabria: A Black guard shot a Black man for shoplifting. Blame San Francisco's legacy of racism

Last month, a Black man raised in chaos and scarcity shot and killed a Black man living in chaos and scarcity on the sidewalk in front of a downtown Walgreens.

Nottingham Post

Entrepreneur set to open new cafe in former Sutton in Ashfield town centre bank

The cafe will also act as a social enterprise, offering training and work experience for learners from Portland College and Vision West Notts College

The Independent UK

Judge greenlights JPMorgan lawsuit blaming ex-executive in Jeffrey Epstein scandal

A federal judge says he won't block JPMorgan's legal efforts to accuse a former executive of hiding Jeffrey Epstein's decades-long sex abuse in order to keep the financier as a client

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Bangkok Post

Worries over baht volatility as coalition talks continue

Investors are concerned that the formation of a new government and political risk could lead to higher baht volatility over the next month, says Kasikornbank (KBank).

Tribune News Service

First Citizens Bank to cut hundreds of former Silicon Valley Bank jobs

In a companywide email Wednesday morning, First Citizens Chairman and CEO Frank Holding Jr. said his Raleigh, North Carolina-based bank is laying off former employees of Silicon Valley Bank, the failed financial institution that First Citizens purchased two months ago.

The Hindu

Letters to The Editor — May 25, 2023

Readers’ mail to The Hindu’s Letters to The Editor

Bangkok Post

UOB chief champions rise of sustainable financing

United Overseas Bank (UOB) has developed green frameworks to provide companies with simplified access to green and sustainable financing so that they can build resilient businesses, said Tan Choon Hin, president and CEO of UOB Thailand.

Daily Record

New banking hub for Ayrshire town will play "vital role" in the community, says MSP

MSP Siobhian Brown joined MP Dr Philippa Whitford at the ribbon-cutting ceremony, along with stakeholders, last Friday.

Dynamite News

PIL in Delhi HC challenges RBI decision to withdraw Rs 2000 denomination banknotes

A Public Interest Litigation (PIL) has been moved in Delhi High Court seeking direction to quash the Reserve Bank of India (RBI) Notification dated May 19, 2023, whereby the RBI has taken a decision to withdraw the Rs 2000 denomination banknotes from circulation under the clean note policy or otherwise.…

Daily Record

Bank issues urgent customer warning as thousands of current accounts to close

If you have a current account or ISA savings account it is worth checking whether you will need to switch banks in the coming months.

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Dipanjan BanchurSince

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