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The Latest Breaking News on Financial Services

Castle Douglas hosting awareness day to stop people being taken in by fraudsters

The general public will be able to get advice from the police, Citizens Advice, trading standards and victim support

Daily Record

Teen charged with attempting to blackmail Optus customers using stolen data

The 19-year-old Sydney man allegedly sent SMS messages demanding $2,000 to 93 customers whose data had been released online after Optus breach

The Guardian - AU

Kasikornbank looks to triple overseas staff

One of Thailand’s largest lenders is on an overseas hiring blitz for jobs in technology and digital banking, as it boosts a regional expansion strategy to counter slowing domestic growth.

Bangkok Post

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Labor attacked by former RBA governor Bernie Fraser for sticking to ‘dodgy’ stage-three tax cuts

Fraser says Albanese government should repeal stage three as the tax cuts are ‘even more unfair’ due to falling real wages

The Guardian - AU

SCB 10X touts digital tokens

SCB 10X, a subsidiary of Thailand's oldest lender Siam Commercial Bank (SCB), is ready to make inroads in the digital token business, saying digital assets are attractive for investment and hold high potential to grow in the long term.

Bangkok Post

World Bank ‘has given nearly $15bn to fossil fuel projects since Paris deal’

A group of 50 NGOs found that bank and subsidiaries had funded oil refinery and gas processing

The Guardian - UK

Cabinet reiterates BoT has free rein for its duties

The government has pledged it will not intervene in the central bank's handling of inflation, interest rates and the baht's movement, instead asking the Finance Ministry to provide additional information to the bank.

Bangkok Post

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SCB X rejig targets regional fintech status

SCB X, the holding company of Siam Commercial Bank (SCB) Group, has set a five-year business direction ending in 2026 to pave the way for it to become a regional financial technology company and generate income from new sources.

Bangkok Post

Yes, the heat is coming off the housing market. But it wasn’t just on fire last year - it was burning uncontrolled

We have an economy where even a slight fall in prices will do little to repair the damage of the past two years

The Guardian - AU

Rates for two-year fixed mortgage pass 6% mark for first time since 2008

News comes day before UK chancellor is due to discuss impact of market turmoil with high street lenders

The Guardian - UK

Facing federal PPP fraud investigations, online lender Kabbage files for bankruptcy

Online lender Kabbage was one of the biggest lenders in the first year of the Paycheck Protection Program, processing more than $7 billion in loans.

McClatchy Washington Bureau

Lebanese lawmaker demands trapped bank savings

A Lebanese member of Parliament has entered a bank branch near Beirut demanding some of her trapped savings to cover medical expenses

The Independent UK

What's next for Elon Musk's Twitter purchase

The world's richest man soon will own one of the world's most consequential public squares.

Axios

Anglican bishop lashes Thorburn AFL exit

The resignation of Andrew Thorburn as Essendon AFL chief executive after 24 hours in the role constitutes religious discrimination, the opposition leader says.

AAP

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news in one place.

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Asharq Al-Awsat

Lebanese Lawmaker Frees $8,500 in Trapped Bank Deposits

A Lebanese lawmaker entered a bank branch, accompanied by lawyers, and freed more than $8,000 in trapped dollar deposits on Wednesday to pay for surgery, her lawyer said. Cynthia Zarazir, who was elected to parliament in May, is the latest in a growing number of angry depositors who have forced…

The Independent UK

Hong Kong shares soar 6%, leading Asian market gains

Hong Kong's share benchmark has soared more than 6% as Asian shares track gains on Wall Street

ABC News

Which banks are passing on the interest rates to borrowers? What about savers?

The major lenders were quick to pass on the interest rate rise to mortgage holders, but only certain savers will see the benefits of the Reserve Bank of Australia's latest hike.

Al Jazeera

Why Credit Suisse is battling rumours of a Lehman-style crash

Swiss bank’s plummeting share price has invited comparisons to the onset of the 2008 global financial crisis.

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news in one place.

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The National (Scotland)

Scottish National Investment Bank invests £140m in its first year

THE Scottish National Investment Bank has said it has made “clear progress” in its inaugural year and is “well positioned” to deliver…

AAP

Aldi underpaid Sydney workers, judge finds

The Federal Court has found supermarket chain Aldi underpaid workers at a Sydney distribution centre by making them commence work before their rostered start.

Reuters

Australian Rules-Essendon CEO quits after one day in the job over church links

Andrew Thorburn resigned as chief executive of Australian Football League club Essendon a day after his appointment following an immediate backlash over his links to a church that expressed opposition to homosexuality and abortion.

The Canberra Times

'Check your records often' advises IT expert caught in online scam

Stolen data travels globally with a few keystrokes, leaving scammed customers wondering where their details will turn up next.

Benzinga

Is SAFE Banking Act For Cannabis Moving Closer To Passing? This Analyst Says Yes

Cantor Fitzgerald’s analyst Pablo Zuanic, who recently met with lawmakers in the nation's capital said congressional leaders are poised to pass banking legislation for the cannabis industry in

Benzinga

Trading Credit Suisse's Technical Levels As Markets Sweat The Bank's Future

It is hard to imagine that Monday's news cycle on Credit Suisse Group AG (NYSE: CS) would have a positive impact on

Benzinga

Credit Suisse Lending Clients Spooked By Swiss Bank Financial Health Concerns

Credit Suisse Group (NYSE: CS) shares have been volatile this week amid ongoing concerns over the Swiss bank's financial health.

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