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The Latest Breaking News on Financial Services

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

Nottingham Post

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

The Independent UK

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).

Bangkok Post

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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.

Tribune News Service

Letters to The Editor — May 25, 2023

Readers’ mail to The Hindu’s Letters to The Editor

The Hindu

UOB chief champions rise of sustainable financing

United Overseas Bank (UOB) has developed green frameworks to provide companies with simplified access to green and sustainable financing so that they can build resilient businesses, said Tan Choon Hin, president and CEO of UOB Thailand.

Bangkok Post

New banking hub for Ayrshire town will play "vital role" in the community, says MSP

MSP Siobhian Brown joined MP Dr Philippa Whitford at the ribbon-cutting ceremony, along with stakeholders, last Friday.

Daily Record

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PIL in Delhi HC challenges RBI decision to withdraw Rs 2000 denomination banknotes

A Public Interest Litigation (PIL) has been moved in Delhi High Court seeking direction to quash the Reserve Bank of India (RBI) Notification dated May 19, 2023, whereby the RBI has taken a decision to withdraw the Rs 2000 denomination banknotes from circulation under the clean note policy or otherwise.…

Dynamite News

Bank issues urgent customer warning as thousands of current accounts to close

If you have a current account or ISA savings account it is worth checking whether you will need to switch banks in the coming months.

Daily Record

Commentary: Downtown San Francisco had a good run. Can it recover?

Downtown San Francisco is in distress. Indicators of urban well-being point in the wrong direction: office occupancy, BART ridership and retail foot traffic are down, as is the city’s population. Every week brings news of another high-profile exit: Recent closures include a Whole Foods flagship and Nordstrom, which announced the…

Los Angeles Times

Stock market today: Asian stocks slide as US debt worries mount

Asian stock markets have slid as the U.S. government creeps closer to a potentially disruptive default on its debt

The Independent UK

JPMorgan accuses US Virgin Islands of shielding Epstein

JPMorgan Chase is defending itself against a lawsuit by the US Virgin Islands accusing it of empowering Jeffrey Epstein to abuse teenage girls.

The New Daily

JPMorgan Chase defends lawsuit by blaming US Virgin Islands for Jeffrey Epstein's sex crimes

JPMorgan Chase is defending itself against a lawsuit by the U.S. Virgin Islands accusing it of empowering Jeffrey Epstein to abuse teenage girls

The Independent UK

Don’t call it Chase Tower anymore. The downtown Dallas landmark is getting a new name

One of downtown Dallas’ tallest towers is getting a new name and upgrades.

Tribune News Service

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ABC News

Money mules are involved in the majority of scam reports, ACCC says

Over a four-hour phone call, scammers gained access to Jenny's computer and transferred $300,000 out of her account. By the time she alerted the bank, it was too late.

The Hindu

Hassle-free experience for majority of people with few ₹2,000 notes to exchange

A steady stream of people waited in queues to exchange the few ₹2,000 notes they had, even as banks accepted a maximum of 10 notes to be exchanged at a time. A section of businessmen with unaccounted wealth, however, look towards middlemen to exchange the notes for a 10% commission…

The Independent UK

Millennial Money: How to pick a socially responsible bank

Now is a great time to look for a bank or credit union that aligns with your values

The Hindu

Telangana continues to depend on financial accommodation facilities provided by RBI to meet requirements

In view of poor revenue receipts the government had to avail the financing options of the RBI to fund its spree of welfare programmes through most of March in the last fiscal

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news in one place.

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The Hindu

RBI defends before Delhi HC ₹2,000 banknote exchange exercise

The Reserve Bank of India (RBI) on Tuesday told the Delhi High Court that withdrawal of ₹2,000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience

Kiplinger

Three Considerations for Stashing Cash After Bank Failures

People are understandably nervous about the safety of their cash accounts. The three-bucket method helps you divide your funds based on when you’ll need to access them.

The Hindu

₹2,000 notes reach banks amid hiccups

Small queues were witnessed at some bank branches on May 23, 2023 for the exchange of ₹2,000 notes against smaller denominations as part of the withdrawal exercise.

Nottingham Post

Interactive map shows all the banks closing across Nottinghamshire

You can see if banks are closing or have closed in Nottinghamshire using the interactive map

Leeds Live

Leeds bank closures mapped as 10 shutting across city in 2023 with people left with no local branch

Bank branches have been closing across the country

The Guardian - AU

Taking a stand: why your banking choices make a difference

Consumers have growing power when it comes to encouraging companies to act ethically

Bangkok Post

Bad mortgage loans rise amid rate hikes

Non-performing mortgage loans (NPLs) increased in the first quarter of this year due to rising interest rates, with the Bank of Thailand encouraging banks to help borrowers through debt restructuring.

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