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The Latest Breaking News on Financial Services

Despite a dip, business confidence in the South West remains high according to latest Lloyds research

According to the latest business barometer hospitality and leisure businesses are hoping bank holidays, rising temperatures and high confidence is the start to a season of early summer spending

Birmingham Post

Why Australian households are divided when it comes to financial pressure, and economists are divided on the outlook

Economists are divided on how well households will weather the storm of rent rises, soaring home loan rates and rising prices, just as Australians are divided in how much financial pressure they're under.

ABC News

New discount shop broken into less than two weeks after opening

The owner of the 'discount supermarket' worried he would need to sleep in the shop to prevent further break ins

Wales Online

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Scots pensioner and business owner lose £410,000 in telephone banking scam

The pensioner was initially asked to transfer £20,000 to an account provided by the scammer before agreeing and being encouraged to set up internet banking.

Daily Record

Delhi HC reserves order on plea against withdrawal of ₹2,000 currency banknotes

The petitioner submitted that the Reserve Bank of India cannot withdraw from circulation or discontinue banknotes and only the Central Government is vested with such powers

The Hindu

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

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UK bank hits all customers with £570 warning

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

Liverpool Echo

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

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

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Chronicle Live

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

The Times of India

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.

StockNews.com

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…

The Guardian - UK

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

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Birmingham Post

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

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

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.

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Dipanjan BanchurSince

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