The Latest Breaking News on Financial Services

South West sees ‘disappointing’ drop in business activity, NatWest reports

A survey by the bank found that despite a drop in new business, firms in the region were ‘upbeat’ about the year ahead

Birmingham Post · Jul 9, 2023

Sustained expansion across services supports Scottish private sector growth

Latest RBS research finds accelerated growth in new business, while cost burdens rise at the softest pace in 25 months

Insider UK · Jul 9, 2023

Private sector growth quickening as year goes on, report suggests

The growth of new business also accelerated during the month, according to the Bank of Scotland’s latest Purchasing Managers’ Index (PMI)

The Independent UK · Jul 9, 2023

SCB X says virtual bank will meet BoT's requirements

SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), believes its planned virtual bank will comply with the central bank's requirements amid competition for the new banking licence.

Bangkok Post · Jul 7, 2023

Greater and Perm's $20bn merger carrot scrapped

Newcastle Greater Mutual Group's new cloud-based banking system plan ditched.

Newcastle Herald · Jul 7, 2023

Digested week: Farage is off the Coutts books and Orkney’s off altogether

Plus, the delights of the Deliveroo dinner party and dealing with the carnage of an SAS-style plumbing refit

The Guardian - UK · Jul 7, 2023

Four Reasons Credit Unions Are a Good Bet in Unsettled Times

Credit unions’ member-focused benefits, lower rates and fees and more can help you strengthen your financial future.

Kiplinger · Jul 7, 2023

After years of ups and downs, LA moves forward on creation of a public bank

Los Angeles is taking another step toward opening a city-owned public bank that would support projects driven by public interest.

Los Angeles Times · Jul 7, 2023

China-based development bank rejects claims of CCP control

Asian Infrastructure Investment Bank says internal review shows lender follows ‘highest standards’ of governance.

Al Jazeera · Jul 7, 2023

Big bank won't leave bush bare by lopping more branches

Commonwealth Bank has committed to no regional closures until 2026, but has flagged more "multi-channel" branches with reduced in-person banking hours.

AAP · Jul 6, 2023