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The Latest Breaking News on Financial Services

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

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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

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

Daily Mirror

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.

ABC News

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 Hindu

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

The bank has been in Wanniassa for 21 years

The Canberra Times

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.”

Benzinga

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

Chronicle Live

2 Nigerians held for cyber-looting Manjeri coop. bank

Fraudsters steal ₹70 lakh from four accounts of the bank

The Hindu

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 National (Scotland)

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%

The Independent UK

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.

ABC News

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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

Tribune News Service

Feds, defense lawyers argue over Russell Laffitte’s money and role in Murdaugh’s schemes

COLUMBIA, S.C. — Former Hampton banker Russell Laffitte, who faces some 30 years in prison in connection with Alex Murdaugh’s alleged fraud schemes, should not have his current bond conditions relaxed, federal prosecutors said Aug. 31 in a new filing they say shows the seriousness of his crimes.

The Independent UK

HSBC, First Direct and Metro Bank join anti-scam phone service

The 159 service quickly and securely connects the public with their bank if they believe they have been a target of fraud.

Insider UK

Four more banking hubs announced for Scotland

Last year's pilot project in Cambuslang has proved very popular with the local community

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news in one place.

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The Guardian - AU

McKim calls for Lowe to stand down – as it happened

This blog is now closed

ABC News

CBA warns of mortgage lags as Reserve Bank set for another super size interest rate rise

The Commonwealth Bank is warning of the risk a three-month mortgage lag poses to the economy if the Reserve Bank keeps raising interest rates aggressively.

Daily Mirror

Woman 'blamed' by bank after thieves went on £8,000 shopping spree with her cash

Chiswick gym-goer Charlotte had her locker raided while exercising - by criminals who stole her wallet and then went on an £8,000 shopping spree

Daily Record

Dad becomes 25th richest man in world after receiving £43bn in banking error

Darren James only realised the staggering fortune was in his account after receiving a call from his stunned wife.

Wales Online

Exec who sued for £800,000 after boss asked her to babysit loses harassment case

The tribunal ruled the comment was just a joke

Reuters

China policymakers see renewed urgency for economic support

Chinese policymakers signalled a renewed sense of urgency on Monday for steps to shore up the flagging economy, saying this quarter was a critical time for policy action as evidence points to a further loss of economic momentum.

Asharq Al-Awsat

Money Transfer Firms Replace Banks in Lebanon

Like many people in crisis-hit Lebanon, Elias Skaff used to wait for hours to withdraw cash at the bank but now prefers money transfer companies as trust in lenders has evaporated, AFP reported. Anyone who relies on traditional banks to receive their money "will die 100 times before cashing it",…

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