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The Latest Breaking News on Financial Services

US Virgin Islands subpoenas Elon Musk documents for lawsuit concerning Jeffrey Epstein's bank, JPMorgan Chase

The government of the US Virgin Islands has issued Tesla chief Elon Musk with a court order for documents in its lawsuit that is seeking to hold an American bank, JPMorgan Chase, liable for sex trafficking acts by Jeffrey Epstein.

ABC News

Economists weigh in on poll winners

The banking sector is recommending the new government prioritise elevating the country's competitiveness through the stimulation of consumption, tourism and private investment.

Bangkok Post

NESDC demands discipline

The National Economic and Social Development Council (NESDC) has warned the new government to strictly maintain financial and fiscal discipline as it will affect foreign investors' confidence in the Thai economy, says secretary-general Danucha Pichayanan.

Bangkok Post

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Banks unveil new weapon to ‘freeze’ scam payments

Australia's banks have joined forces to unveil a new weapon to help save victims from transferring their money to scammers.

The New Daily

Australian banks announce new anti-fraud platform to help quickly freeze scam payments

Move adds to ‘arsenal of anti-scam initiatives’ as consumer rights groups call for laws to see banks reimburse victims

The Guardian - AU

High Street banking facilities make welcome return to Ayrshire town as new hub prepares to open its doors

The need for a new banking hub grew when Troon’s last remaining bank, The Bank of Scotland branch in Templehill, closed in September 2022.

Daily Record

East Midlands economy continues to get better according to new survey, though growth still weak

Employment could be getting back on track, and while prices are still going up, the rate of inflation is easing

Birmingham Post

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National anti-scams centre set to open in July, as Australians lose billions to fraudsters

A national anti-scams centre is being established to help combat scams and online fraud, after Australians reported losing billions of dollars to fraudsters last year.

ABC News

South West business activity highest in almost a year, NatWest study finds

A survey of bosses across the region suggested input cost pressures were continuing to ease on firms

Birmingham Post

Deeper Regional Banking Crisis Unlikely after Triple Failure: Kiplinger Economic Forecasts

Kiplinger

Busy day in London for KTR, team

The Hindu

The secret hall not used for decades found hidden inside a former HSBC bank

A company moving into offices in a small Welsh town have been left stunned after discovering a 'secret' hall inside their new building. The hall, which is not believed to have been used in several decades, was found on the top floor of the former HSB

Wales Online

New plans unveiled for former Barclays bank on Mapperley Top

A book shop, cafe or a restaurant are what some people would like to see

Nottingham Post

UK bank overdrafts: ‘I received £8,000 after I complained’

People struggling with debt could get redress if their bank failed to make the right affordability checks

The Guardian - UK

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Reuters

G7 plans new vaccine effort for developing nations, Yomiuri reports

The Group of Seven (G7) rich nations is set to agree on establishing a new programme to distribute vaccines to developing countries at next week's summit of leaders, Japan's Yomiuri newspaper said on Saturday.

Bangkok Post

Recovery foreseen after sluggish April

The Stock Exchange of Thailand struggled with another period of weakness in April. The index started the month at 1,609.17 points and declined steadily thereafter, hitting its low on the last trading day of the month at 1,524.30 and closing at 1,529.12, a drop of 80.05 points or 5% in…

USAFacts

How much money do banks in the US control?

The number of US banks decreased by half while bank assets doubled in the past two decades.

The Week

JP Morgan: has world’s largest bank got too big for its boots?

“His ears are smaller. And there is no crown. But on Wall Street, at least, Jamie Dimon is America’s answer to King Charles III,” said Patrick Jenkins in the Financial Times (FT): “adulated by some, resented by others, but incontrovertibly powerful”.

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Zenger

US Economy On The Edges As Banks Continue To Fail And The Fed Raising Interest Rates

The S&P 500 logged a weekly gain following the release of encouraging inflation data and a weaker-than-expected first-quarter.

Bangkok Post

State banks increase interest rates to attract depositors

State banks are rushing to provide higher deposit rates to customers, including one scheme that offers up to 17%.

Bangkok Post

Banks consider new fees to reflect expenses

The Thai Bankers' Association (TBA) is mulling a new fee structure for the industry, with higher service costs for banks possibly passed on to customers.

StockNews.com

No.1 Tech Stock to Own in a Bear Market

Given the broad economic headwinds and widespread recessionary concerns, a bear market might be on the horizon. Against this, stable tech stock Accenture plc (ACN) could be a solid buy-and-hold choice. Let’s explore the trends of some of the company’s key metrics….

Kiplinger

TD Bank Launches New Credit Cards

TD Bank launched new credit cards, including TD Clear and TD FlexPay.

Axios

FDIC proposes big banks pay to recover losses in SVB and Signature failures

There were concerns that small banks would wind up bearing some of these costs and this proposal heads those off.

StockNews.com

3 Foreign Bank Stocks to Consider Amid U.S. Banking Turmoil

The U.S. banking industry faces the most formidable challenge since the global financial crisis in 2008. Therefore, it could be wise to buy fundamentally strong foreign bank stocks China Minsheng Banking (CMAKY), Commerzbank (CRZBY), and Banco Macro (BMA). Keep reading….

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