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The Latest Breaking News on Financial Services

Building a digital bank with a human touch

Siam Commercial Bank (SCB) is moving towards digital banking services, though the 117-year-old financial institution still believes in a combination of human quality and technological efficiency, describing its strategy as a "digital bank with a human touch".

Bangkok Post

Bank Turmoil Is a Boon for Tech: The No. 1 Tech Stock to Own

With confidence in the banking industry shaken, Bel Fuse (BELFB) is a fundamentally strong stock in the of-late avoided technology sector, to which capital could be redirected for impressive risk-adjusted return. Continue reading….

StockNews.com

The Week Ahead: What difference will a month with two bank failures make for jobs?

Thirty days ago, few Americans knew what Silicon Valley Bank was or worried about their own bank accounts. Thirty days ago, the Federal Reserve had one fight on its hands: inflation. Thirty days ago, investors were buoyed by decent economic data — but not too strong — supporting confidence the…

Miami Herald

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3 Stocks That'll Survive Any Recession

Market experts continue to fear that higher interest rates from the Federal Reserve and the potential for a credit crunch might tip the economy into a recession. Given this backdrop, quality stocks Oracle Corp. (ORCL), Vertex Pharmaceuticals (VRTX), and Humana (HUM) have solid fundamentals that could help them survive a…

StockNews.com

Full list of NatWest, Lloyds, Halifax, Bank of Scotland and RBS branches to close

More than 80 sites across the country are expected to shut between July and November

Insider UK

Silicon slump? How worried should we be about another financial crisis?

The collapse of Silicon Valley Bank has raised the spectre of another financial crisis. As the contagion appears to be spreading, Samuel Fishwick investigates how spooked we should be feeling

Evening Standard

Town to be left with only two banks after NatWest make 'disappointing' decision

The bank confirmed this decision just six months after announcing they would be closing 43 banks across the UK.

Manchester Evening News

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ICJ Rejects Iran's Bid to Release Assets Frozen by US

The International Court of Justice (ICJ) has rejected Iran's legal bid to release about $2 billion owned by the Markazi Bank frozen by the US. The Associated Press reported that the largest part of the case focused on Bank Markazi and its frozen assets of $1.75 billion in bonds and…

Asharq Al-Awsat

'I hope this is not a slippery slope of things to follow' - Whitley Bay Natwest branch is third bank set to close in town

Natwest is the third bank to announce closure in Whitley Bay since December 2022.

Chronicle Live

Lloyds announces branch in Carlton among dozens of banks to close

No jobs will be lost

Nottingham Post

Business confidence continues to rise in Scotland

Scottish companies report higher confidence in their own prospects month-on-month in March

Insider UK

Extinction Rebellion protesters return to Cardiff bank minutes after being fined by court for lock-in there

The Extinction Rebellion protesters displayed the message, 'Barclays are the real criminals' outside a Cardiff city centre branch of the bank, while dressed like prisoners

Wales Online

May budget ‘needs to strike right balance’

Treasurer Jim Chalmers has set the parameters for his 2022/23 budget, laying out eight key priorities for the near and longer term.

The New Daily

Stock Market Today: Stocks Rise Ahead of Next Inflation Update

The major indexes notched modest gains for a second straight day.

Kiplinger

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Axios

In the wake of SVB collapse, the White House is calling for new rules for regional banks

The administration wants to reverse some Trump-era policies

ABC News

Scammers can disguise their number so it looks like your bank is calling — here are red flags to watch for

Your phone says the call is coming from your bank, the caller knows your address and they're using the same language a banker would use, but it feels off. Here's why it might be a scammer.

The Independent UK

Biden pick Ajay Banga cleared to take top job at World Bank

The Biden administration’s choice to run the World Bank — former Mastercard CEO Ajay Banga — appears to have a lock on the job

Al Jazeera

ICJ orders US to pay compensation for freezing Iranian assets

In a blow for Iran, however, the UN court said it didn’t have jurisdiction over frozen assets from Iran’s central bank.

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The Independent UK

Yellen seeking more regulation in aftermath of bank collapse

Weeks after the failure of two banks, Treasury Secretary Janet Yellen is planning to call Thursday for tighter financial regulations

Glasgow Live

Glasgow bank branches 'condemned' by closure including Bank of Scotland and Barclays

Multiple bank branches in and around Glasgow are set to shut down as the number of physical banks continues to fall. This include branches for Bank of Scotland, Royal Bank of Scotland and Barclays.

The Guardian - UK

NatWest and Lloyds to axe a further 81 bank branches

Banks say customers are rejecting traditional counter services in favour of online banking

Zenger

Biden Eyes New Regulations As Congress Dives Into Silicon Valley, Signature Bank Failures

President Joe Biden is expected to tighten regulations on banks, prompted by the biggest banking collapse since the 2008 crisis

Salon

Credit Suisse helped rich dodge taxes

"Republican budget cuts have decimated the IRS's ability to root out this kind of offshore tax evasion scheme"

The Independent UK

Top UN court rejects Iranian bid to free assets frozen by US

The United Nations’ top court has rejected Tehran’s legal bid to free up some $2 billion in Iranian central bank assets frozen by U.S. authorities to be paid in compensation to victims of a 1983 bombing in Lebanon and other attacks linked to Iran

Daily Record

Full list of banks closing in Scotland in 2023 - check for your local branch

There are a number of bank branch and building society closures scheduled throughout 2023, so it is important to check your branch and any alternatives that may be available.

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