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The Latest Breaking News on Financial Services

UK joins calls for World Bank reform to focus funding on climate crisis

Alok Sharma’s intervention puts pressure on Trump-appointed Bank chief who faces calls to resign

The Guardian - UK

JP Morgan Chase cuts ties with Kanye West and his Yeezy brand

In a letter shared on social media, the US banking giant gave the controversial star 60 days to transfer his business elsewhere

Evening Standard

Liz Truss news – live: Starmer says PM clinging to power after Kwarteng sacking ‘chaos’

Prime minister’s plan for Britain abandoned as Hunt takes Treasury as his own

The Independent UK

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‘Appalling’: Australians pushed to the brink by payday loan sharks as crackdown looms

A Senate committee has heard the harrowing stories of Australians thrown into financial hardship by pay-day loans.

The New Daily

Elizabeth Warren Demands Answers From Wells Fargo On 'Alarming Pattern' Of Zelle Fraud

Sen. Elizabeth Warren (D-Mass.) says she wants answers from Wells Fargo & Co (NYSE: WFC) on the Zelle fraud.

Benzinga

Romance scam signs to watch for amid 'new wave'

According to research, people aged 51 to 60 are most at risk

Wales Online

Full list of NatWest bank branches closing, including multiple London locations

Six jobs are expected to be put at risk as the bank increasingly moves services online

Evening Standard

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Full list of NatWest branches set to close across UK including Glasgow, Edinburgh, Ayr, Dundee and Aberdeen

NatWest has confirmed 43 branches are closing as it moves banking services online.

Daily Record

ASIC secured $230m in corporate fines

Two of the big four banks are among the corporations hit with penalties totalling almost $230 million secured by ASIC in the last financial year.

AAP

Friday briefing: How to understand gilts, yields and the Bank of England’s action to aid the economy

In today’s newsletter: Today the UK central bank is due to end its rare, urgent bond-buying to help stabilise the economy – but why, and what does it mean for you?

The Guardian - UK

Will Bank of England have to step in again to mop up market mess?

Bond buy-up seems to have been a sound bet, but ending intervention after two weeks is more of a gamble

The Guardian - UK

Bankers’ bonuses double since 2008 crash, TUC study finds

There is ‘no justification for lifting the cap’ on bonuses, said general secretary Frances O’Grady

The Guardian - UK

Bankers’ bonuses have risen twice as fast as wages since 2008 crash

Government ‘lining pockets of financiers’ while holding down pay for key workers, says TUC

The Independent UK

Protesters outside IMF, World Bank meeting venues demand urgent climate action

Dozens of protesters demonstrated outside the annual meetings of the International Monetary Fund and the World Bank in Washington D.C. on Thursday, expressing opposition to funding of fossil fuels and demanding urgent action to tackle climate change.

Reuters

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Benzinga

What To Watch On Bank Of America As The Stock Spikes In Relief

Bank of America Corp (NYSE: BAC) was surging more than 7% off the open on Thursday, in tandem with the general markets, which saw the S&P 500 trading about 2.6% higher.

ABC News

Consumer advocates welcome government's plan to overhaul payday lending sector

The Senate economics committee will today hear from financial counsellors, consumer advocates and the complaints authority on the proposed changes and problems within the sector.

The Guardian - UK

Markets leap on reports of Liz Truss’s tax cuts U-turn. No time to dally

As PM ponders which measures to junk from mini-budget, pound rises by two cents against dollar

The Guardian - UK

NatWest to close another 43 branches across UK

Move follows axing of 32 in February as ‘most of our customers are shifting to mobile and online banking’

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The Independent UK

‘Desperate’ Liz Truss set to U-turn on corporation tax this weekend

‘Don’t prolong the pain’: IMF suggests government should accept swift climbdown

The Guardian - UK

Bank of England warns mortgage defaults to rise in months ahead

Survey of lenders paints gloomy picture of new deals drying up and end to ‘golden era’ of cheap mortgages

Daily Record

NatWest closures: The 43 bank branches set to shut across the UK as Ayr among the casualties

The firm is making wide-ranging cuts to its estate heading into the new year.

Manchester Evening News

NatWest announces closure of 43 banks across UK - full list of locations

Check the full list of branch closures across the country

Glasgow Live

Glasgow NatWest bank branch to shut as part of nationwide closures

NatWest has announced that it will be shutting 43 of its branches across the UK, including ones in Glasgow, Edinburgh, and Aberdeen, as part of its transition to online banking

Reuters

World Bank preparing to disburse another $530 million to Ukraine-Malpass

World Bank President David Malpass said on Thursday that the lender is preparing to disburse another $530 million to Ukraine by the end of October, financing enabled by guarantees from Britain and Denmark that brings total World Bank disbursements to the war-torn country to about $11 billion this year.

Birmingham Post

Full list: NatWest reveals plans to close 43 bank branches

Six jobs are expected to be put at risk as part of the closures

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