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The Latest Breaking News on Financial Services

Is 'second demonetisation' cover-up of wrong decision made earlier, asks Kharge

Opposition leaders on Saturday hit out at the government after the RBI announced the withdrawal of ₹2,000 currency notes from circulation, with Congress president Mallikarjun Kharge asking if the “second demonetisation” is an effort to cover up the wrong decision made earlier.

The Hindu

UK bank closures IN FULL including Santander, Barclays and HSBC - search your town

A total of 397 branches have closed or will close in England in 2023, along with 37 in Wales, 20 in Scotland, and five in Northern Ireland - use our map to see how your town will be affected

Daily Mirror

Nottinghamshire banks among latest 12 Barclays closures

It is a further blow for struggling high streets

Nottingham Post

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Withdrawal of ₹2,000 notes will have no perceptible effect on economy: Panagariya

The RBI’s decision to withdraw ₹2,000 currency notes from circulation will not have any ‘perceptible effect’ on the economy as any such notes returned will be replaced by either equivalent cash in lower denomination notes or a deposit, former NITI Aayog Vice Chairman Arvind Panagariya has said.

The Hindu

Two-pronged approach for Tisco Financial

Tisco Financial Group, a holding company of Tisco Bank, plans to focus on what it considers two businesses related to S-curve industries: auto title loans and corporate banking.

Bangkok Post

How strong are regional and community banks in the US?

Thirty-one financial institutions control more than 60% of the total money in US banks.

USAFacts

Why Financial Investors Are Buying Commerzbank (CRZBY)

The uncertainty around the U.S. banking industry has led investors to look beyond borders for opportunities. Commerzbank (CRZBY) has seen buying interest from investors lately as the company reported a solid financial performance for the first quarter. With the company predicting a strong year, the stock could continue to perform…

StockNews.com

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Barclays announces 12 more bank closures - see if your nearest branch is closing

The latest Barclays closures include two Birmingham branches and one in Windsor and they will take place in August in what is another another hammer blow for the struggling high street

Daily Mirror

Thousands of bank customers warned to move their money as current accounts set to close

Intelligent Finance is currently in the process of contacting customers affected by the change, with the first round of closures taking place this August

Chronicle Live

Nationwide announces £100 cash boost for millions of customers

The building society confirmed that it will be paying a total of £340 million to its customers next month

Chronicle Live

Keep Tabs on These 3 Promising Bank Stocks

The risks pertaining to the U.S. banking system continue to make investors and depositors jittery. However, some foreign banks present an attractive investment opportunity. Given the concerns over the prospects of domestic banks, it could be wise to add fundamentally strong foreign bank stocks Barclays (BCS), Deutsche Bank (DB), and…

StockNews.com

Intelligent Finance to close thousands of current accounts

Customers will have two months' notice

Nottingham Post

Warning to thousands of people to move money before accounts close

The accounts will be closed this summer

Liverpool Echo

Indonesia has strode ahead in digital banking: how can Thailand do the same?

Digital banking is at a crossroads in Thailand. A small but not insignificant part of Thailand’s population is underserved by banks—as of 2021, research shows that banking penetration stands at 85 percent. Digital adoption in Thailand is high, with smartphones seeing 106 percent penetration and digital banking being used by…

Bangkok Post

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Birmingham Post

Nationwide reports 'strongest' financial results on record as profits soar to £2.2bn

The building society has 625 branches across the country

AAP

NAB mulling attack on union's excessive hours lawsuit

National Australia Bank is considering whether to contest claims brought by the finance union over "excessive, unreasonable" staff hours.

Tribune News Service

Charlotte FBI, Bank of America dragged into congressional dispute over Capitol riot

A suspended FBI employee from Charlotte, North Carolina, who gave whistleblower testimony Thursday to a Republican-led congressional subcommittee had his security clearance revoked over his handling of a Jan. 6-related investigation, and amid questions from his superiors about his “allegiance to the United States.”

USAFacts

What's behind the decline in US banks?

The US has lost 71% of its banks over the last four decades. What does this mean for the economy?

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StockNews.com

2 Bank Stocks Raking in Profits

Given the current challenges facing the U.S. banking sector, investors could look beyond the boundaries to invest in quality foreign banking names raking in profits. To that end, it could be wise to buy fundamentally strong foreign bank stocks Intesa Sanpaolo (ISNPY) and Woori Financial (WF). Keep reading.

Insider UK

Lloyds faces pressure from staff over ‘attack’ on flexible working

Union members and Extinction Rebellion campaigners both disrupted the bank's AGM

Birmingham Post

Big interview: Lloyds Bank welcomes £8bn vision for transport for the South West and Wales

Amanda Dorel, regional director SME and mid corporate South West at Lloyds Bank said this is a 'real positive' for businesses in the region

Chronicle Live

Heartless South Shields fraudster used widower's bank card after claiming to be a 'distant relative'

Katie Shone, 35, pleaded guilty to the fraud at South Tyneside Magistrates' Court

Dublin Live

Bank of Ireland issues urgent warning to customers over scam eFlow text messages

Fraudsters are doubling down on their efforts to access customers’ accounts

Irish Mirror

Experts fear rise in energy bill scams amid spate of fake eFlow texts

Experts are expecting fraudsters to ramp up activity cloning other well-known Irish brands such as electricity and gas companies

Zenger

JPMorgan Employees Overwhelmed With The Return-To-The-Office Policy Mandate

JPMorgan Chase & Co employees complain that they live far from the office as they have to deal with the commute.

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