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The Latest Breaking News on Financial Services

The Bank of Canada's own policy is the reason why inflation is so high

The Bank of Canada has raised interest rates again in an effort to quell inflation. The central bank raised its policy rate by 0.75 percentage points on Sept. 7, bringing its benchmark overnight rate to 3.25 per cent. Economists are expecting the central bank to raise it again before the…

The Conversation

Supreme Court upholds rulings against Rakesh Saxena

The Supreme Court upheld lower court rulings against financier Rakesh Saxena, sentencing him to 335 years in prison in three lawsuits in connection with the Bangkok Bank of Commerce (BBC) embezzlement scandal.

Bangkok Post

Yemen rifts stall reforms needed to access Gulf aid, sources say

Rifts within Yemen's new presidential council are delaying approval of reforms needed to unlock $3 billion in financial aid from Saudi Arabia and the United Arab Emirates that would help ease a severe foreign exchange crunch, four sources said.

Reuters

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Perm passes on the latest RBA rate increase

The Perm will also increase rates on certain term deposits

Newcastle Herald

ASPS touts SCB's strong outlook

Siam Commercial Bank (SCB), Thailand's oldest lender, is viewed as an outstanding stock to watch given its fintech business expansion and high-yield lending services, according to Asia Plus Securities (ASPS).

Bangkok Post

Inside the abandoned banks set to become part of Liverpool's nightlife

The two listed buildings are on a busy city centre street but have been empty for years

Liverpool Echo

Bank opening times and rules following the death of the Queen

The country will now observe royal mourning, which will take place until seven days after the Queen’s funeral.

Daily Record

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Citigroup to hire another 400 at Belfast base - report

The move sees the US bank continue to grow its presence in Northern Ireland having first set up a base here 2004

Birmingham Post

Bank of England postpones next week’s interest rate decision after Queen’s death

A widely expected rise in interest rates has been put on hold due to the death of the Queen

Evening Standard

Bank opening times and rules explained following the death of the Queen

It is down to individual businesses whether they stay open or not following the sad death of Queen Elizabeth II, with a national bank holiday on the day of her funeral

Daily Mirror

Which banks are passing on the latest RBA interest rate rise to mortgage holders? NAB kicked it off, then ANZ and Commonwealth followed suit

On Tuesday, the Reserve Bank of Australia announced it was raising the cash rate to 2.35 per cent. But Australia's big four banks have been slow to respond.

ABC News

Fifth Third Bank denies it wouldn’t cash 71-year-old’s casino check because she was Black

Lizzie Pugh, 71, has filed a lawsuit against Fifth Third bank, which denied all allegations in court filings yesterday

The Independent UK

Evergrande lenders appoint receiver to seize Hong Kong HQ

Crisis at debt-laden Chinese property developer deepens in wake of default last year and failure to sell building

The Guardian - UK

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

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Axios

Why "zero-down" mortgages are gaining ground

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

Daily Mirror

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 Record

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

AAP

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.

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Newcastle Herald

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

ABC News

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.

Evening Standard

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

Chronicle Live

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.

The Times of India

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.

Liverpool Echo

Outrage as Merseyside town loses all its banks

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

Nottingham Post

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

The incidents left the victims upset and shaking

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