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The Latest Breaking News on Financial Services

Full list of 63 Ulster Bank branches closing today as advice issued to remaining customers

Ulster Bank's exit from the Irish market is almost complete

Irish Mirror

Consumer watchdog turns up heat on banks over savings rates

The ACCC is turning the spotlight on banks over interest rates – especially those paid to savers as borrowers are increasingly slugged.

The New Daily

Lloyds Bank issues £110 warning to all customers

People are being targeted and losing out on hard-earned cash

Liverpool Echo

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Financial pain not over by any stretch as fears mount

Financial stress levels are low but an unexpected expense can easily push borrowers over the edge, Australian Banking Association head Anna Bligh says.

AAP

Coalition, Labor at odds over RBA board appointments

As the Albanese government seeks to enact the recommendations of a review of the Reserve Bank, the coalition has queried two new appointments.

The New Daily

StanChart sees more stability post-election

Standard Chartered Bank (Thai) expects the new administration is likely to have greater stability and unity than the current government thanks to a stronger political base.

Bangkok Post

GH Bank new mortgages dip in Q1

New mortgage lending for Government Housing (GH) Bank during the first quarter this year dropped 11% year-on-year, attributed to higher lending in the same period last year, according to acting president Krit Sesavej.

Bangkok Post

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Madonna King: The world has evolved, and that’s why the RBA should too

Jim Chalmers’ in-principle support for the recommendations released in yesterday’s review of the RBA is also welcome.

The New Daily

'Idiot' punched millionaire banker to death at swanky restaurant then fled in rickshaw

"Family man" Paul Mason had just helped a colleague into a taxi when he was attacked by Steven Allan, who punched him several times over a misunderstanding over a mobile phone

Daily Mirror

Man jailed for killing banker in mistaken attack over mobile phone

‘Kind and gentle’ Paul Mason, 52, a boss at Qatar National Bank, was set upon in the street near an exclusive private members’ club.

The Independent UK

Closure of last bank in East Lothian town branded 'appalling'

The Royal Bank of Scotland decision to close its Tranent branch, leaving the town with no bank, comes seven years after they left residents in the neighbouring town of Prestonpans in the same boat

Edinburgh Live

RBA shake-up promises board representation for workers, with focus on full employment and fighting inflation

Sweeping changes to Reserve Bank of Australia give equal weighting to employment and inflation, and mandate greater transparency

The Guardian - AU

RBA overhaul to put board members in spotlight

A major overhaul of the Reserve Bank will see a new board for setting interest rates that's more accountable and holds fewer meetings.

The New Daily

Morning Mail: Reserve Bank shake-up, spy warning, ‘carbon capture’ microbe

Review of RBA’s operations recommends establishing a separate rate-setting panel; Asio warns that foreign agents are ‘aggressively selling secrets’

The Guardian - AU

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Reason

Can the Supreme Court "Develop and Apply Customary International Law"?

Justice Gorsuch raises the question that the majority elides.

Tribune News Service

US Bancorp sees profit growth despite recent banking turmoil

Like many of the biggest banks in the U.S., Minneapolis-based U.S. Bancorp posted solid first-quarter results from recent months despite two high-profile bank failures and related fallout in the banking industry.

ABC News

Labor to announce in-principle support for RBA review's recommendations, establish two new boards

Treasurer Jim Chalmers is set to release the highly anticipated review into the Reserve Bank of Australia on Thursday and to announce that the government has given in-principle support to all of its recommended changes.

The Independent UK

Credit Suisse faulted over probe of Nazi-linked accounts

U.S. lawmakers have accused the embattled Swiss bank Credit Suisse of limiting the scope of an internal investigation into Nazi clients and Nazi-linked accounts

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AAP

Porter Davis owes Commonwealth Bank $33m: documents

Documents filed with the corporate watchdog show the Commonwealth Bank of Australia is owed millions by home builder Porter Davis, which collapsed last month.

Bangkok Post

Money market funds lure investors with returns

Depositors have started to move their money from bank accounts to money market funds, in part because of ongoing concerns about the banking crisis and also offers of higher returns, according to a recent report from financial services company Morningstar.

Bangkok Post

Loan demand unfazed by rising interest rates

Rising interest rates have not yet affected domestic loan demand despite corporate loans slowing because of the global economic outlook, according to the Bank of Thailand.

StockNews.com

Top Investors Are Buying These 2 Stocks, but Only 1 Is Buy Worthy

The stock market is expected to stay volatile due to persistent concerns about high inflation, interest rate hikes, and a recession. While top investors have been buying FedEx (FDX) and RumbleON (RMBL), we think only FDX is worth investing. Read on.

The Guardian - UK

CBI needs an outsider to lead it through crisis, says former director

Andrew Sentance says lobby group needs ‘major shake-up’ as insurance brokers’ body quits membership

Birmingham Post

The latest appointments, promotions and jobs news from across Wales

New roles include at Cardiff Airport, MotoNovo, Thrive Women's Aid, Persimmon Homes and Eriez-Europe

Daily Record

HSBC launches new £200 free cash switching offer to people moving their everyday banking services

RBS, NatWest and First Direct are also offering up to £200 to new customers switching banks.

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