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The Latest Breaking News on Financial Services

Banks line up to reassure investors as season of turbulence subsides

First-quarter results for the UK’s big four will vary by exposure to volatile markets, but the boost from high interest rates won’t last

The Guardian - UK

JP Morgan execs reportedly maintained contact with Epstein after dropping him as client

Bank’s links to sex offender financier deeper than previously known, as it faces lawsuit brought by US Virgin Islands

The Guardian - US

Lloyds Bank warns customers could lose out on £110 in scam

Harry Styles was one of the artists reportedly targeted

Nottingham Post

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Lush Edinburgh family home with fairytale garden on market for almost £1million

A five-bedroom townhouse in the sought-after area of Comely Bank in Edinburgh has gone on the market for almost £1 million, complete with a fairytale back garden.

Edinburgh Live

Listed banks post 13% Q1 profit hike

Net profit for the banking industry grew 13% in the first quarter thanks to improving business operations, despite setting higher loan-loss provisions amid global economic risks.

Bangkok Post

Bridgeport bank failure proves costly for FDIC, a CPD officer faces dismissal and more in your Chicago news roundup

Today’s update is about an eight-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

3 Overvalued Stocks to Sell in April

The recent collapse of Silicon Valley Bank, which has resulted in a credit crunch, and the rise in new claims for unemployment benefits have created a gloomy outlook for the economy. In light of investors' increased aversion to risk, it might be wise to avoid KKR & Co. (KKR), Hess…

StockNews.com

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Michael Hiltzik: Love it or hate it, the Silicon Valley Bank bailout won't cost taxpayers a cent

What's the dirtiest word in financial policy?

Los Angeles Times

Cheerier finance chiefs still worried about troubles ahead

Survey of normally cautious CFOs find them at their most bouyant since 2020

Evening Standard

Shocking video of fatal attack on wealthy banker released

Paul Mason, a boss at Qatar National Bank, was set upon in the street after enjoying an evening with friends.

The Independent UK

These Bank Stocks Could Be a Bad Bet for April

Although it seemed like the financial industry had stabilized after the recent bank failures, the U.S. banking industry faces several headwinds. Amid this backdrop, it could be wise to avoid fundamentally weak bank stocks M&T Bank (MTB), The PNC Financial Services Group (PNC), and Comerica (CMA). Keep reading….

StockNews.com

Credit Suisse investors sue after facing billions in losses

A group of Credit Suisse investors have sued Swiss financial regulators after a government-engineered takeover of the struggling bank by rival UBS left them with billions in losses

The Independent UK

iSpoof fraudster behind bank warning scam that stole £100 milllion from victims worldwide

Tejay Fletcher, 35, has pleaded guilty to the Metropolitan Police’s largest-ever fraud investigation

The Independent UK

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

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The New Daily

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.

Liverpool Echo

Lloyds Bank issues £110 warning to all customers

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

AAP

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.

The New Daily

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.

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Bangkok Post

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.

The New Daily

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.

Daily Mirror

'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

The Independent UK

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.

Edinburgh Live

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

The Guardian - AU

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

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