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The Latest Breaking News on Financial Services

Canada freezes ties with AIIB after ‘communist dominance’ claims

The move over the AIIB comes amid a continued fraying of ties between Ottawa and Beijing.

Al Jazeera

Canadian quits Chinese-founded development bank, complains 'Communist Party hacks' dominate it

A Canadian public relations manager for a Chinese-founded development bank has announced his resignation in a statement that accused it of being dominated by “Communist Party hacks” and said Canada’s interests weren’t served by being a member

The Independent UK

Central bank expects easing of loan growth

The Bank of Thailand expects loan growth in the banking industry to slow as demand eases, though rising interest rates should not be a key factor dampening loan expansion.

Bangkok Post

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

Northumberland County Council agree £50,000 loan to Northumberland Community Bank

The extra cash was needed to satisfy regulations

Chronicle Live

What is Support for Mortgage Interest and who is eligible?

Experts have warned it might get worse before it gets better

Evening Standard

Banks Tighten Loan Criteria Following Mass Withdrawals: Kiplinger Economic Forecasts

After mass withdrawals in 2023, some small banks have enacted stricter loan criteria, and customers are looking for big returns.

Kiplinger

Did Modi Government pressurise RBI to help loan defaulters: Congress

Congress questioned the latest Reserve Bank of India (RBI) instructions to the banks allowing for “technical write-offs” for accounts categorised as wilful defaults and allowing such accounts to take fresh loans after a cooling-off period.

The Hindu

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Loan app agents enticing vulnerable people with easy money, warn police

Organisers of shady loan apps are emerging as a major threat across the country as they look to target vulnerable people from poor and middle-class families by lending them large sums of money in the form of unsecured loans at high rates of interest, according to police officers

The Hindu

3 Foreign Bank Stocks to Watch

Despite a few signs of improvement in the U.S. banking system, its stability remains a concern. Therefore, it could be wise to add fundamentally sound foreign banking stocks Deutsche Bank (DB), Erste Group (EBKDY), and Woori Financial Group (WF) to one’s watchlist. Read more….

StockNews.com

How Emefiele, Nigeria’s powerful central bank chief lost his seat

Godwin Emefiele was second-longest-serving governor of Nigeria’s central bank and oversaw its biggest economic downturn.

Al Jazeera

International law firm DAC Beachcroft appoints Bristol office head

The firm's Bristol office at Portwall place in the home office for over 800 employees and is the largest within DACB's global network

Birmingham Post

Bank unions oppose RBI's decision to allow compromise settlement for wilful defaulters

Bank unions AIBOC and AIBEA opposed RBI’s move to allow lenders to settle loans of wilful defaulters under compromise settlement.

The Hindu

52% of people with disabilities ‘negatively affected by bank branch closures’

Consumer group Which? carried out research among more than 2,700 bank customers with disabilities.

The Independent UK

Most complained-about financial products revealed by ombudsman service

Just over a third of complaints dealt with by the Financial Ombudsman Service in the 2022/23 financial year were upheld in consumers’ favour.

The Independent UK

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news in one place.

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The Hindu

Skills are of paramount importance in post-COVID era: Rajeev Chandrasekhar

Minister of State for Entrepreneurship, Skill Development, Electronics and Information Technology Rajeev Chandrasekhar has stressed on the relevance of skills in the job sector in the post-COVID-19 era.

StockNews.com

3 Foreign Bank Stocks to Buy in June

The U.S. banking industry remains confronted with notable challenges after the recent collapses of three regional banks. With the effects of the bank crisis expected to last longer, investors could consider investing in fundamentally stable foreign bank stocks KB Financial (KB), Woori Financial (WF), and Banco Macro (BMA) instead this…

Al Jazeera

Who is Folashodun Shonubi, Nigeria’s new central bank chief?

The appointment of the acting governor comes after the suspension and arrest of his powerful predecessor at the weekend.

StockNews.com

FS Bancorp (FSBW) vs. PacWest Bancorp (PACW): Which Stock Is the Better Buy for June?

The banking industry is slowly moving toward stability after witnessing considerable volatility since March due to the failure of three regional banks. While PacWest Bancorp (PACW) completed the sale of its real-estate loans, FS Bancorp (FSBW) acquired seven branches from Columbia State Bank. Let’s compare these two bank stocks to…

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Birmingham Post

Lloyds Bank South West invests in headquarters and team

The banking group has appointed a new area director for its SME business in the South West and moved to a new headquarters in Bristol

Manchester Evening News

Nationwide giving out free £100 payments to bank account customers from today - check if you're eligible

Millions of people will receive the cash payment automatically into their bank account from Tuesday (June 13)

The New Daily

JPMorgan reach $430m settlement with Epstein victims

After months of embarrassing disclosures JPMorgan ignored internal warnings about their client Jeffrey Epstein, the bank settled a class action out of court.

Bangkok Post

SCB course to shape new leaders

SCB-Julius Baer Securities Co, a strategic joint venture between Siam Commercial Bank and Julius Baer, has launched its latest venture -- The 45 Academia programme -- aimed at cultivating the "leaders of tomorrow".

The Independent UK

Mortgage turmoil deepens as Santander pulls loans and interest rates could rise again

Soaring cost of home loans is ‘very important’ issue says HSBC UK boss

Bristol Post

Millions of Nationwide customers to get £100 payment amid record profits

The money will be paid automatically into accounts from tomorrow (June 13) to June 30

Manchester Evening News

Millions to get £100 cash boost to bank accounts from tomorrow

Nationwide will give out a generous cash boost after experiencing record-high profits

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