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The Latest Breaking News on Financial Services

A class action has been settled with three of Australia's big banks, with customers sold consumer protection insurance to share in $126 million.

AAP

3 Regional Banks Paying Consistent Dividends That Could Be Targets For A Larger Bank

Regional banks are commercial banks that have a slightly smaller scope of operations and have a presence in specific geographic regions compared to banking giants such as Bank of America Corp (NYSE: BAC) and JPMorgan & Chase Co. (NYSE:

Benzinga

Bank profits jump but rising interest rates are a double-edged sword

Australia's big four banks raked in nearly $30 billion in profits over the 2022 financial year as people struggled with the cost of living. And higher interest rates will put more mortgage borrowers at risk.

ABC News

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A Bull And Bear Discuss The Status Of The U.S. Consumer After A Worse-Than-Expected Consumer Sentiment Report

According to Bank of America, consumer discretionary spending was up 2.9% in October year-over-year, but down from its September reading of 3.2%.

Benzinga

Santander issues important message to anyone on their 123 Current Account

Glasgow Live

Experts share tips to avoid online scams after surge in Black Friday cases

Black Friday falls on 25 November this year

The Independent UK

Shoppers warned of Black Friday scams as Barclays sees customers lose over £1,000

The bank has issued important advice to customers after seeing scams jump by a third over Black Friday and Cyber Monday last year

Chronicle Live

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Warning as people set to lose £1,000 on Black Friday deals

Barclay's bank sent the warning to buyers before the sales are set to start

Liverpool Echo

HSBC praised after confirming it will pay for employees' gender reassignment treatments

The bank said it will also invite applications for gender reassignment surgery from the partners and children 18+ of its members of staff

Daily Mirror

Barclays saw surge in reports of shopping scams after Black Friday last year

Survey findings from Barclays suggest nearly third of people feel pressured to make a purchase as quickly as possible.

The Independent UK

LH Bank rebrands M Choice app

Land and Houses Bank Plc (LH Bank) is upgrading and plans to rebrand its existing mobile banking application to offer a full range of services.

Bangkok Post

KBank keen to build sustainable finance

Kasikornbank (KBank) has set a goal to expand the extension of sustainable financial facilities to 25 billion baht this year, doubling to 50 billion next year, aiming to become an Asean leader in the field of environment, social and governance (ESG) finance by 2030.

Bangkok Post

Greens claim treasurer ‘dodged’ housing scheme question – as it happened

This blog is now closed

The Guardian - AU

Ulster Bank customer warning as bank plans to start freezing accounts on Friday

Customers who received their six month notice period in April will have their accounts withdrawn on November 11

Dublin Live

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Liverpool Echo

Santander's message to anyone with a 123 bank account

Competition between bank providers ramps up

Daily Mirror

More than 1,000 Barclays customers to get £1million payout for PPI breaches

Barclays has agreed to pay hundreds of customers for not sending them yearly reminders about payment protection insurance policies, which could have cost households money

Wales Online

Barclays to pay customers £1million after PPI breach

Barclays breached the order by failing to send reminders

AAP

NAB 'embarrassment a factor in fraud case'

It's an enormous assumption that leaders of a major bank were so unbelievably lax or grossly negligent they had no idea about a large fraud, a jury's been told.

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news in one place.

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AAP

NAB sees 20pct decline in house prices

National Australia Bank says that while some customers will face difficulties as rates rise, the at-risk cohort is just a tiny fraction of its loan book.

Chronicle Live

HSBC will give people £200 cash for free for switching bank accounts

Customers looking to switch to an HSBC Advance or Premier Bank Account can get £200 for free

Newsroom.co.nz

Taxing banks' excessive profits – be careful what you wish for

Hard-working New Zealanders will suffer the consequences of bank windfall taxes: higher interest rates, monetary policies frustrated, and a weaker financial system.

Liverpool Echo

Thief makes off with load of cash after smashing into Lloyds bank during night raid

Merseyside Police received reports of a robbery shortly after 2.30am this morning

Daily Record

HSBC offering new customers free £200 within 20 days after switch criteria met

HSBC UK and Nationwide Building Society are both offering £200 to customers who switch banking services.

Liverpool Echo

UK bank says it will give people £200 cash for free

HSBC, Nationwide, First Direct and Lloyds Bank have cash offers

The Independent UK

Jacinda Ardern slams banks for taking huge profits during cost-of-living crisis: ‘I’m simply being frank’

New Zealand’s banking companies post before-tax profits of $9.7bn in the twelve months till June

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