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The Latest Breaking News on Financial Services

First Foundation CEO on his journey from grocery bagger to founder of an $11 billion bank

DALLAS — Scott Kavanaugh is a two-time bank founder.

Tribune News Service

Tisco expects to beat full-year loan growth target of 5%

Tisco Bank expects total loan growth for 2022 to exceed its 5% full-year target after booking credit expansion of 5% for the first nine months amid economic recovery.

Bangkok Post

Is HSBC down? Customers report error code and app issues

HSBC customers were left unable to navigate their mobile and online banking with others reporting issues with their credit cards.

The National (Scotland)

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2 Stocks Investors Shouldn't Waste Their Money On

The Fed’s aggressive rate hike regime has heightened recessionary concerns. Therefore, fundamentally weak stocks Plug Power (PLUG) and Peloton Interactive (PTON) might be best avoided. Read more.

StockNews.com

Houghton-le-Spring bank worker who stole £6,000 from customer to pay online gaming debts walks free

Barry Nicholson, of East Rainton, abused his position of trust while working for Barclays Banks to empty a student's savings account

Chronicle Live

Current account customers can get as much as £200 by switching bank accounts

HSBC UK and Nationwide Building Society are both offering £200 to current account customers to switch.

The Independent UK

NAB blasted for incorrect customer fees

The Federal Court has found that National Australia Bank engaged in unconscionable conduct by overcharging customers in periodic payment fees for several years.

AAP

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GSB non-bank unit to kick off in 2023

The Government Savings Bank's (GSB) non-bank subsidiary is expected to start operation in the second half of next year, says GSB president Vitai Ratanakorn.

Bangkok Post

BBL eager to maintain international loan ratio

Bangkok Bank (BBL) plans to maintain the loan proportion of its international banking business at the existing level of 24-25% of total loans for the next few years, despite the high growth potential of regional markets.

Bangkok Post

WBC profit at $5b-plus, rates yet to bite

Westpac has posted an annual profit of $5 billion-plus and says while interest rate rises will bite, many customers remain ahead on their mortgage repayments.

AAP

How long after missing a mortgage payment does a home get repossessed? A financial counsellor says it doesn't have to come to that

The prospect of the bank repossessing your home is frightening, but it doesn't have to come to that. Here are some things you can to if you're having difficulty paying off your home loan.

ABC News

Vietnam central bank chief says it can provide liquidity to the banking system

HANOI; Vietnam's central bank is willing to provide liquidity to the local banking system, Governor Nguyen Thi Hong said on Sunday, as lenders face pressure from higher interest rates and tightening credit conditions.

Bangkok Post

Urgent warning issued to shoppers with a HSBC account

The bank issued a statement on Friday night

Liverpool Echo

HSBC customers' anger after being left without money for hours in major outage

HSBC UK online banking suffered a major outage on Friday night which lasted for three and half hours leaving many people stranded and unable to pay for their shopping or travel

Daily Mirror

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Wales Online

HSBC UK customers unable to pay for meals and shopping due to online banking outage

The bank announced in a 1.37am tweet that the problem had been resolved

Tribune News Service

US Bank CEO wants workers back in the office three days a week

In the ongoing tug-of-war between companies and workers about returning to the office, U.S. Bancorp CEO Andy Cecere recently made a plea to employees to start coming in more regularly.

Tribune News Service

Inflation is ‘insidious’: Bank of America CEO Brian Moynihan talks possible recession

Brian Moynihan took on one of the toughest jobs in the world in 2010: turning around the largest bank in America following a devastating financial crisis.

Caixin Global

China and Pakistan Set Up Offshore Yuan Clearing

South Asian nation becomes third country to do so this year, enabling use of Chinese currency in cross-border trade and investment

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news in one place.

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Evening Standard

What does the latest interest rate hike mean for me?

Interest rates have gone up to 3% which means people, especially mortgage holders, will face higher borrowing costs.

Bangkok Post

BoE: Britain faces two-year recession

LONDON: The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989, but it pushed back against expectations for further steep hikes, saying Britain faces a painful recession that could last two years.

The National (Scotland)

Climate activists target fossil fuel backing bank in Glasgow on eve of COP27

XR activists staged a protest outside of JP Morgan's Glasgow office

Glasgow Live

Glasgow bank entrance blocked by climate activists protesting 'failure' of COP26

Climate activists from Extinction Rebellion locked themselves onto oil barrels at the Glasgow branch of an investment bank a year on from the COP26 summit in the city.

Reuters

Exclusive-Zambia says EximBank to represent Chinese lenders in debt talks

The Export-Import Bank of China (EximBank) will lead Beijing's team to renegotiate nearly $6 billion of loans that Zambia owes to Chinese state-owned creditors, the country's finance ministry told Reuters on Thursday.

Bangkok Post

Ant digital bank expands in Singapore with small business loans

Ant Group Co’s Singapore digital wholesale bank will start offering loans to small and medium-sized businesses, as the Chinese fintech giant extends its reach in the city-state.

Al Jazeera

Big banks face scrutiny over business with Myanmar lender

Australian and Singaporean lenders accused of facilitating transactions with Myanmar military-owned bank.

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