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The Latest Breaking News on Financial Services

Delhi: Influenced by Hollywood movie, man attempts bank robbery in Model Town

A man has been arrested by the police for firing five rounds at HDFC Bank in an attempt to rob the bank in Delhi's Model Town area after being influenced by a movie. Read further on Dynamite News:

Dynamite News

Lloyds' quarterly profits double as borrowing costs rise

The banking group's loan book rose by £6.3bn to £475bn during the year

Insider UK

Lloyds Bank warns house prices to fall 7% this year as customers struggle with mortgages

Lloyds CEO takes home pay of £3.8 million

Evening Standard

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Lloyds accused of ‘stuffing bankers’ pockets’ as it proposes £9.1m CEO deal

Chief executive Charlie Nunn could receive £9.1m payout, while top performing bankers to share £446m bonus pot for work in 2022

The Guardian - UK

FTSE 100 Live: Lloyds posts annual results, Rio Tinto cuts dividend

Lloyds Banking Group today revealed unchanged annual profits of £6.9 billion as the lender benefited from a year of rising interest rates.

Evening Standard

Krungsri upbeat on M&A view

Bank of Ayudhya (Krungsri) sees greater opportunity for large corporate customers to make merger and acquisition (M&A) deals this year thanks to a clearer economic outlook following the easing of the pandemic.

Bangkok Post

New buy now pay later regulations will be a wake-up call for lenders

City Comment: Some consumers don’t understand the potential dangerous implications of entering into multiple BNPL agreements

Evening Standard

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NSW police criticised for ‘outrageous’ midnight arrest of student who protested at RBA

Cherish Kuehlmann woken up by officers who ‘barged into the house’ and took her to a police station, where she was charged with a trespass offence

The Guardian - AU

Co-operative Bank tables bid for £650m Sainsbury’s Bank mortgage book

The Co-operative Bank's annual results are due out next week

Birmingham Post

New Capital Rules Aim to Bring Chinese Banks in Line With Global Standards

The draft framework categorizes banks by size and offshore business to help increase compliance while helping smaller banks

Caixin Global

Big banks are raking in billions, and we all pay the price – time for a new windfall tax

Rises in interest rates are driving unemployment, low wages and poverty while the banks cash in, says campaigner Fran Boait

The Guardian - UK

Body of man found on high street in Fife as police investigate 'unexplained' death

Authorities rushed to High Street in Leven at roughly 7.30am yesterday after receiving reports of a "sudden death" of a man.

Daily Record

Profits jump at HSBC as it moves to fend off break-up calls from China

HSBC today moved to fend off pressure from one of its biggest shareholders to break up the group and return chunks of cash to investors.

Evening Standard

Australia needs a new plan to keep rural banks open before they all get turned into cafes

Financial services are essential to keeping regional areas alive but continuing bank closures are putting communities at risk

The Guardian - AU

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ABC News

Man arrested 23 years after Browns Plains bank robbery where police officer Neil Scutts was shot

Senior Constable Neil Scutts was shot in the groin in March 1999 while responding to a bank robbery where staff and customers were allegedly held at gunpoint.

Tribune News Service

Serial Bay Area bank robber charged with robbing banks days after he was sentenced in bank robbery case

SAN FRANCISCO — Last November, New Jersey native Christian Plummer was released from jail after being sentenced to two years in federal prison for robbing six banks around the Bay Area.

AAP

No blind trust order for Victoria minister shareholders

Victoria's assistant treasurer will move his bank shares into a blind trust after admitting it was an error to retain them ahead of a contract announcement.

Chronicle Live

Then and Now: From Newcastle city centre bank to nightspot in 40 years

This was one of the first Newcastle banks to be later repurposed as a bar - it had been home to a bank for nearly 100 years when Midland shut up shop in 1983

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news in one place.

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Financial Times

Jeffrey Epstein’s long shadow falls on JPMorgan and Barclays once more

Newly public allegations about the convicted sex offender’s relationship to Jes Staley include 1,200 emails and ‘seductive’ photos

The Times of India

RBI cancels licence of MP-based Garha Co-operative Bank

MUMBAI: The Reserve Bank of India (RBI) on Monday cancelled licence of Garha Co-operative Bank, Guna in Madhya Pradesh as the lender does not have adequate capital and earning prospects.

Bangkok Post

Bank NPLs slow to 2.73% of lending at December's end

Thai banks' non-performing loans stood at 2.73% of total lending at the end of December 2022, down from 2.77% at the end of September, helped by debt restructuring, the central bank said on Monday.

Bangkok Post

Banks still discussing JV-AMC feasibility

Banks remain interested in setting up joint venture asset management companies (JV-AMCs) as an option to manage their non-performing loans (NPLs).

Irish Mirror

'Quiz bank on DJ Carey's €9.5m debt' - Call for probe into hurling legend's alleged loan write off

AIB should face the Finance Committee after allegedly writing off debt of almost €9.5million for hurling legend DJ Carey, a minister said. It's claimed the Kilkenny All-Ireland winner’s settlement with the bank in 2017 was just €60,000.

The Guardian - UK

Too slow and too secret? Pace of Staley investigation undermines trust

City watchdog’s investigation into former Barclays chief executive’s account of his relationship with Jeffrey Epstein needs resolution

Tribune News Service

JPMorgan staffer expected bank to drop Jeffrey Epstein as client in 2008, lawsuit says

It was August 2008, the brink of a global financial crisis, and inside JPMorgan Chase & Co. an employee was expressing confidence the bank was about to kick out a wealthy client whose name was becoming infamous: Jeffrey Epstein.

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