The Latest Breaking News on Financial Services

What is Support for Mortgage Interest and who is eligible?

Experts have warned it might get worse before it gets better

Evening Standard · Jun 14, 2023

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 · Jun 14, 2023

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 · Jun 14, 2023

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 · Jun 14, 2023

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 · Jun 13, 2023

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 · Jun 13, 2023

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.

The Hindu · Jun 13, 2023

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…

StockNews.com · Jun 13, 2023

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.

Al Jazeera · Jun 13, 2023

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…

StockNews.com · Jun 13, 2023