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The Latest Breaking News on Financial Services

Pakistan picks central bank veteran Jameel Ahmad as new governor

Pakistan named Jameel Ahmad, a deputy governor of the State Bank of Pakistan (SBP), as the central bank's new governor on Friday, appointing him for a five-year term.

Reuters

Financial clearing agency Bank of London opens Belfast office

The company is creating 232 jobs in the city

Birmingham Post

A Remedy For Wages Falling Behind Inflation? Join A Small Business Where Wages Are Hot

Bank of America economists Anna Zhou and Taylor Browley released a note on Aug. 16 regarding the analyst firm's small business checkpoint.

Benzinga

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Turkey's Central Bank Shocks with 100 Basis Point Rate Cut Despite Soaring Inflation

Turkey's central bank shocked markets on Thursday by cutting its main interest rate by 100 basis points to 13%, saying it needed to keep driving economic growth despite inflation hitting nearly 80% and a monetary tightening trend among its peers worldwide, Reuters reported. The lira dropped more than 1% as…

Asharq Al-Awsat

Plans submitted to turn Scots village's last bank into new flats

Developer John Clink has submitted an application to Stirling Council planners seeking to convert the former Bank of Scotland branch in Buchanan Street, Balfron, into flats.

Daily Record

Egypt appoints central bank caretaker chief amid crisis

Egypt’s president has appointed a caretaker governor of the central bank amid a grinding economic crisis triggered by the Russian war on Ukraine

The Independent UK

Man threatened to rape female police officer and 'bury her on the moors'

Steven Cooper tried to bite the officer after becoming abusive, a court heard

Manchester Evening News

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Irish expert advice on how you could save up to €80 by switching bank accounts

Switching your current account to a fee-free bank could save you around €80 a year if you are with one Irish bank

Irish Mirror

BofA CEO: Struggling Americans feel they are in a recession

The CEO of Bank of America said the recent debate over whether the U.S. economy is technically in a recession or not is missing the point

The Independent UK

Bank of America's overdraft fees down 90% under new policy

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks

The Independent UK

First Direct offering customers free £175 cash if they switch bank account using CASS

High street bank First Direct are offering customers the chance to increase how much they have by £175 if they switch their current account using the Current Account Switch Service (CASS).

Edinburgh Live

T-AIM, Wells Fargo unveil Academic Grand Challenge

HYDERABAD

The Hindu

Ireland scams: Gardai stop fraud in nick of time as person almost robbed of €1.6k

A person was moments away from having €1,600 stolen from their account by fraudsters only for Gardai to intervene and prevent the damage from being done

Irish Mirror

Held rates to help vulnerable borrowers

While the higher cost of living has impacted vulnerable borrowers and driven some of them back to debt relief measures, banks' current holding of interest rates unchanged will help ease their financial burden, said an executive of the Bank of Thailand.

Bangkok Post

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Asharq Al-Awsat

Officials Release Beirut Gunman after Bank Drops Charges

Lebanon’s state prosecutor on Tuesday released a man who took up to 10 people hostage in a bank at gunpoint while demanding funds from his locked savings account. In a case that has drawn nationwide attention, food delivery driver Bassam al-Sheikh Hussein, 42, fired three warning shots from a shotgun…

Reuters

Lebanese man who held up bank to access savings released without charge - brother

A Lebanese judge has ordered the release from detention without charge of man who last week took hostages at a Beirut bank in an attempt to access his savings frozen after the country's 2019 financial implosion, the man's brother and a legal group said.

Chronicle Live

Bank will give £175 free cash to customers who switch their current account

First Direct says the 'market leading' offer is for people who switch their current account using the Current Account Switch Service - here is how the scheme works

Daily Record

British banks ranked from best to worst for customer service amid cost of living crisis

Find out where your bank placed on the list and whether it could be time to switch accounts.

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The Guardian - UK

Why aren’t banks passing on interest rate rises to customers?

Rates have gone up six consecutive times, yet very few savers are benefiting, researchers find

Nottingham Post

Free £175 cash as UK bank offers incentive for account switch

The bank promises it's easy

Daily Mirror

First Direct is offering free £175 cash if you switch your bank account

The cash bonus is available to all new customers who switch their current account to the First Direct 1st Account through the Current Account Switch Service (CASS)

Manchester Evening News

Thousands of bank workers to get £1,200 cost of living bonus from October

It comes as household bills are predicted to rise above £5,000 by January

Chronicle Live

Nationwide to pay thousands of its staff members £1,200 cost of living bonus

The high street building society is the latest employer to offer its workers a cost of living support payment as families struggle with high bills

Bangkok Post

Bank of Thailand sees no surge in bad loans after policy rate hike

The Bank of Thailand (BoT) on Tuesday it expected no surge in bad loans despite a hike in the benchmark interest rate and urged banks to gradually adjust their rates to help vulnerable groups.

ABC News

Commonwealth Bank accused of not paying long service leave to 20 former employees

A spokesperson for Commonwealth Bank says the underpayment of staff was "unacceptable" and the employees concerned have now been paid.

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