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The Latest Breaking News on Financial Services

Sabir Pasha in line for India TD job after leaving CFC

CHENNAI: Syed Sabir Pasha, who parted ways with Chennaiyin FC on Wednesday after an eight-year stint as assistant coach, may join the All India Football Federation (AIFF) as technical director for the senior men's team. But it all depends whether the former India forward gets the necessary clearance from his…

The Times of India

LGT foresees long-term growth in Thailand

LGT Private Banking, an international private bank owned by the House of Liechtenstein, plans to continue growing business in Thailand over the longer term as it foresees greater opportunities here.

Bangkok Post

JPMorgan sues former exec over ties to Epstein sex abuse

JPMorgan Chase has sued its former executive Jes Staley, alleging that he aided in hiding Jeffrey Epstein’s yearslong sex abuse and trafficking in order to keep the financier as a client

The Independent UK

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Bank employee held for cheating female customer of Rs 7 lakh in Mumbai

MUMBAI: An employee of a public sector bank in Malad was arrested by the Bangur Nagar police for cheating a female bank customer of Rs 7 lakh over the period of one year. Police said the accused fraudulently used money from the woman's bank account to pay his credit card…

The Times of India

Swiss bankers accused of lax control of Putin pal's accounts

Four former bankers with the now-shuttered Swiss affiliate of a major Russian bank have gone on trial over allegations that they didn’t properly check accounts opened in the name of a Russian cellist with longtime ties to President Vladimir Putin

The Independent UK

Keep interest rates at 4% to help UK households, urges Bank of England policymaker

With inflation cooling rate-setter Swati Dhingra says higher borrowing costs pose ‘material risk’ to already-weak economy

The Guardian - UK

Two men arrested in Hackney after posing as bank workers to receive parcels of cash

The men coerced victims into sending cash through numerous calls

Evening Standard

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Hopes for more diverse boards rise after London IPOs had only 15% of women directors in 2022

Analysis from Investec expects a better showing for new listings and board-level gender diversity in 2023

Evening Standard

Seoul Seeks Aramco’s Help to Win Contracts of Saudi Giga Projects

South Korea's government intends to make its firms enter the Saudi market and win contracts to construct $500 billion worth of projects to develop smart and eco-friendly cities in NEOM, in the northwest of the Kingdom. The Export-Import Bank of Korea has announced the signing of a $6 billion framework…

Asharq Al-Awsat

Australia’s Reserve Bank could put King Charles on $5 banknote if future government wanted it

Documents reveal RBA would ‘consult with the government of the day’ and Peter Dutton has made clear he would support such a move

The Guardian - AU

NAB in court over 'excessive, unreasonable' staff hours

NAB's practice of demanding lengthy unpaid overtime from staff will be examined in a new union lawsuit that may have wider ramifications in the finance sector.

AAP

International Women's Day: 23 top British women business leaders for 2023

BusinessLive shines a light on some of the thousands of women exemplifying leadership around the UK

Birmingham Post

Compensation scheme for financial victims a step closer

Australia's banking and insurance industries will need to act with honesty and diligence under new laws introduced to the federal parliament.

AAP

BoE powers to oversee insurers ‘may not offset risks posed by looser regulation’

Solvency II reforms governing sector may prove inadequate, warns Sam Woods, head of the Bank’s regulatory arm

The Guardian - UK

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The Independent UK

Alex Murdaugh associate Russell Laffitte is denied new trial over financial fraud charges

Russell Laffitte, the former CEO of Palmetto State Bank, was convicted in November of financial fraud charges in connection to Murdaugh’s alleged white collar fraud schemes

Caixin Global

China Plans to Create Vast New Financial Regulator

The new body will absorb the CBIRC and oversee all parts of the financial industry other than securities, State Council proposal says

The Guardian - UK

Woman, 91, loses account and pension after Barclays declares her dead

Bank apologises after error results in elderly woman having account closed and phone and energy cut off

ABC News

How much extra could mortgage repayments be, now the cash rate is 3.6 per cent?

Tell us your loan size, term and interest rate, and our mortgage repayment calculator will work out how much extra you may have to pay on your loan.

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Al Jazeera

Bank of America CEO predicts ‘slight’ US recession this year

Bank of America CEO Brian Moynihan says he expects mild downturn in third quarter of 2023.

The Independent UK

SoFi Bank sues to block Biden's student loan payment pause

A private bank is trying to force the Biden administration to end its pause on federal student loan payments, arguing that the moratorium has no legal basis and has cost the bank millions of dollars in profits

ABC News

ASX closes higher as Reserve Bank lifts cash rate by 0.25 percentage points to 3.6 per cent; InvoCare surges on takeover bid — as it happened

The Reserve Bank of Australia lifts the cash rate to 3.6 per cent, and the local share market closes higher. Look back on the day's events and insights from our business reporters on the ABC News markets blog.

Tribune News Service

US banks are finally being forced to raise rates on deposits

U.S. banks are being forced to do something they haven’t done for 15 years: fight for deposits.

The Times of India

Daily UPI transactions jump 50% to 36 crore: RBI governor

MUMBAI: Reserve Bank of India governor Shaktikanta Das on Monday said payments through UPI (unified payment interface) have grown exponentially in the past 12 months with daily transactions crossing 36 crore, which is up 50 per cent from 24 crore in February 2022.

Chronicle Live

Warning on impersonation scams to watch out for as copycat fraudsters try to con you

Impersonation - where criminals attempt to fool you by mimicking friends, family or authorities - were responsible for almost a third of all money lost to fraudsters last year

ABC News

St.George Bank defends flagging payment of $30 that had 'Muslim' in transaction description

A Bank of Melbourne customer is left confused after being told to contact the economic and trade sanctions team over a $30 transfer to a family member.

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