The Latest Breaking News on Financial Services

Bank of England lifts inflation and growth forecasts as it raises interest rates to 4.5% – business live

BoE governor Andrew Bailey predicts inflation will have halved by the end of this year, thanks to falling energy bills

The Guardian - UK · May 11, 2023

Social media firms should reimburse online fraud victims, say UK bankers

Boss of industry body UK Finance accuses tech companies of ‘profiting’ from scams on their platforms

The Guardian - UK · May 10, 2023

CIMBT looks to digital personal loan growth

CIMB Thai Bank (CIMBT) plans to expand digital personal loans this year, targeting 500 million baht in total by focusing on the upper-income segment.

Bangkok Post · May 10, 2023

Former AGM of Punjab National Bank, 3 others get five-year jail term for bank fraud

According to a release, CBI had registered the case on February 19, 2016 against M/s. Sheetal Refineries Limited and its directors on the allegations of committing bank fraud and causing a loss of ₹53.82 crore to Punjab National Bank.

The Hindu · May 9, 2023

Unlicensed ‘bank’ CEO’s Commons invite stokes access concerns

Vulnerability of MPs’ groups to influence of private firms highlighted by appearance at blockchain inquiry

The Guardian - UK · May 9, 2023

Westpac reverses decision to close eight regional branches as senate inquiry continues

Months after postponing the closures because of an ongoing Senate inquiry, the bank has announced that branches in several states will remain open indefinitely.

ABC News · May 9, 2023

Majority of People Prefer Traditional Banks Over Online Banks

A new study found that 83% of respondents prefer traditional banks over digital-only, largely due to face-to-face service.

Kiplinger · May 8, 2023

3 Top Momentum Utility Stocks to Own

Volatility has gripped markets as fears of an imminent recession continue to dent investors’ confidence. Therefore, it could be wise to own fundamentally strong utility stocks ONEOK, Inc. (OKE), Brookfield Infrastructure Corporation (BIPC), and Genie Energy (GNE), which have gained momentum lately, to strengthen your portfolio. Read more….

StockNews.com · May 8, 2023

No. 1 Bank Stock to Short This Week

Investors remain jittery over the future of regional banks. PacWest Bancorp (PACW) has seen its stock price plummet over the past few weeks on concerns over its ability to stay afloat. With news of the bank looking at several strategic options, including a sale, I believe it could be wise…

StockNews.com · May 8, 2023

One punch killer's sentence slammed by family who say year behind bars is 'sickening'

Rachel Mason, the sister of Paul Mason, 52, who was killed in an attack in London by Steven Allen, has again criticised the length of sentence he face serving behind bars

Daily Mirror · May 8, 2023