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The Latest Breaking News on Financial Services

People want face-to-face banking and financial services, high streets study says

A study commissioned by Newcastle Building Society - which is reintroducing services to the high street - found more than half of UK adults saw their local bank or building society close recently

Birmingham Post

Why "zero-down" mortgages are gaining ground

It's a move to help address racial inequities in housing.

Axios

So many brick walls for couple who lost £100,000 pension savings to fraud

Couple feel let down by their bank, the financial watchdog and police after being targeted by clone bank scam

Daily Mirror

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Lanarkshire MP welcomes 'fantastic news' of new shared banking hub

Run by the Post Office, the hub will also allow small businesses to deposit their takings

Daily Record

Jailed fraudster tells jury of kickbacks

A former NAB chief-of-staff imprisoned for receiving corrupt benefits has testified at the fraud trial of a businesswoman accused of paying her the kickbacks.

AAP

Greater Bank holds back on passing on latest RBA rates rise in full

Greater Bank will raise rates by .45 points instead of the 50-point rise handed down by the central bank on Tuesday

Newcastle Herald

Australians are losing billions in scams and there are calls for banks to pay them back

Sylvia Chou was looking forward to a comfortable retirement before she fell victim to an online investment scam, that she said her bank NAB should have stopped.

ABC News

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London gym thief stealing thousands from women as they exercise

The thief, or possibly thieves, target bank cards and phone from gym lockers before splurging thousands at high-end shops

Evening Standard

GMB's Katy Rickitt gives urgent warning after Coronation Street husband Adam is bank scammed of £50,000

The TV correspondent explained how her husband was elusively scammed the huge sum of money, claiming scammers knew 'everything' about him.

Chronicle Live

Sebi imposes Rs 2 crore fine on Rana Kapoor in Yes Bank AT-1 bonds case

NEW DELHI: Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 2 crore on former Yes Bank MD and CEO Rana Kapoor for mis-selling the private sector lender's AT-1 bonds.

The Times of India

Outrage as Merseyside town loses all its banks

Despite having a population over 20,000 there is currently no bank in the town

Liverpool Echo

CCTV images released as police hunt thieves who stole thousands from elderly victims

The incidents left the victims upset and shaking

Nottingham Post

Coronation Street star's warning after Barclays bank account scammed out of £50,000

Adam Rickitt fell victim to an Authorised Push Payment scam

Liverpool Echo

Co Down man scammed out of £30,000 by fraudster pretending to be his bank

The victim spent an hour and a half on the phone with the scammer

Belfast Live

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Daily Mirror

Hollyoaks' Adam Rickett says he was scammed out of £50,000 and afraid to tell his wife

Good Morning Britain correspondent Katy Rickett explained how her husband Adam was scammed of nearly £50,000 and confirmed they have since been reimbursed by their bank

ABC News

CommBank reverses duplicate transaction mistakes on bank statements

Customers are being encouraged to check bank statements but the bank says it has moved to reverse the extra payments.

The Hindu

Poor response from banks on cyber frauds during weekends

The Tamil Nadu police take up the issue with Ministry of Home Affairs, call for 24/7 bank cyber cell

The Canberra Times

'It's like being kicked in the shins': Bendigo Bank trailblazers outraged by Wanniassa closure

The bank has been in Wanniassa for 21 years

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Benzinga

Can We Improve Public Safety And Cannabis Equity? Independent Community Bankers of America Took A Poll

A new poll conducted by the Independent Community Bankers of America (ICBA), which creates and promotes an environment where community banks flourish, found that “two-thirds of voters (65%) support allowing cannabis-related businesses to have access to banking services in states where cannabis is legal.”

Chronicle Live

Anger as Sainsbury's slashes Nectar points for 1.8m shoppers

Sainsbury's Bank credit card customers will now only get 1 point for every £2 spent instead of 2 points for every £1 spent

The Hindu

2 Nigerians held for cyber-looting Manjeri coop. bank

Fraudsters steal ₹70 lakh from four accounts of the bank

The National (Scotland)

Plans for shared banking hub in Moray after last branch closes

A SCOTTISH minister has welcomed plans for a shared banking hub in Forres following the recent closure of the last bank branch in town.

The Independent UK

Australia central bank lifts cash rate to 2.35% in 5th hike

Australia’s central bank has boosted its benchmark interest rate for a fifth consecutive month to a seven-year high of 2.35%

ABC News

How much extra could mortgage repayments cost now the cash rate is 2.35 per cent?

Tell us your loan size, term and interest rate, and our mortgage rate rise calculator will work out how much more you may have to pay on your loan.

The Guardian - AU

RBA interest rates: Reserve Bank raises official rate to 2.35% amid inflation fears

The RBA decision brings the cash rate to the highest level since 2015, with mortgage holders set to face higher repayments

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