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The Latest Breaking News on Financial Services

Mortgage holders brace for rates decision

All eyes will be on the Reserve Bank of Australia's official cash rate announcement on Tuesday as new data sheds light on the state of the economy.

AAP

Hollyoaks' Adam Rickitt in tears as scammers steal 'tens of thousands of pounds'

Adam Rickitt warned Instagram followers about a scam he had been caught up in, which resulted in him losing enormous sums of money. The actor said that the fraudsters 'knew everything' about him and his banking history

Irish Mirror

Wells Fargo ordered to pay $22 million to fired manager

The U.S. Labor Department said the bank retaliated against the ex-employee for alleging that its business practices violated laws.

Chicago Sun-Times

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AIB issue urgent warning to all Irish customers as new tricks fooling bank users

Scams are on the rise and people are being left out of pocket

Irish Mirror

Trading confidence in Wales tumbles as cost of doing business crisis takes hold

Business confidence fell to 1% last month among Welsh firms

Birmingham Post

Two Chinese financial officials in Liaoning province expelled from Communist party

Two former financial regulating officials in northeast China's Liaoning province have been expelled from the Communist Party and dismissed from public office for bribery and corruption, China's banking and insurance regulator said on Thursday.

Reuters

Fraud trial jury told of anonymous letter

An alleged NAB fraudster had nothing to do with the recruitment of ex-premier Mike Baird except for greeting him at hotel meeting, jury told

AAP

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South West business confidence rebounds amid economic turmoil

Business leaders in the region remain optimistic about the state of the economy over the next year

Birmingham Post

Scottish Financial Enterprise announces new chair

Incumbent Philip Grant is stepping down as he also retires from a 40 year career in financial services

Insider UK

How could my NatWest current account disappear from the app?

Cards, cheques and direct debits are lost and fees are mounting

The Guardian - UK

Barclays issue urgent warning on money scam which could land you a 14-year prison sentence

New research shows that through the first half of 2022, a third of money mules were between 17 and 21-years-old - however, the scam can affect anyone.

Chronicle Live

Hundreds of NatWest customers to be given refunds

It comes after a major breach of banking rules that was uncovered during an investigation

Wales Online

NatWest to refund over 700 firms after it 'forced' businesses to open fee-paying accounts to secure loans

Over 700 small and medium-sized businesses are to receive refunds

Birmingham Post

Scottish business confidence dips in August

Companies identify top opportunities as diversifying into new markets, evolving their offering and investing in teams

Insider UK

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Bangkok Post

Grab, Singtel join Singapore’s digital bank battle next week

Grab Holdings Ltd and Singapore Telecommunications Ltd plan to roll out a banking app next week, joining tech giants like Jack Ma’s Ant Group Co in taking advantage of the country’s fintech liberalisation.

The Canberra Times

Bendigo Bank branch in Wanniassa to close in decision 'not made lightly'

The bank has blamed "a change to commercial leasing arrangements at the Wanniassa complex".

Irish Mirror

Irishman 'fighting back tears' warns others after latest AIB scam 'raided' life savings

Taking to Twitter to urge others to be vigilant of the sophisticated scam, he said: “WARNING: My AIB account was hacked and my life savings absolutely raided. I never thought I could possibly be a victim of fraud but these guys were absolute experts"

Tribune News Service

Bank of America launches zero-down mortgages for Black, Latino homebuyers in 5 cities

Bank of America has chosen five cities to pilot a new nationwide program aimed to help first-time homebuyers in Black and Latino communities.

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Manchester Evening News

High street bank confirms commitment to Bury as refurbishment plans revealed

HSBC plan to remodel the interior of their grade ii listed branch in the town

Daily Record

Lanarkshire woman stole over £20,000 from care home patient provider

The cash was embezzled from Visioncall Limited.

The News Lens

Hundreds Arrested Over China Banking Scandal That Triggered Protests

The scandal drew national attention in China and protests by disgruntled customers in July were violently quashed. Authorities in Henan now say they have arrested 234 people and made progress recovering the funds.

ABC News

SA government to ban banks from running financial literacy programs in schools

Education Minister Blair Boyer says the move promised ahead of the state election will prevent institutions from using subtle marketing techniques to sign up young children to lifelong accounts.

The Times of India

RBI mulls setting up of fraud registry to check banking frauds

NEW DELHI: As part of its efforts to strengthen customer protection, Reserve Bank is considering setting up a fraud registry to create a database of fraudulent websites, phones and various modus operandi used for digital fraud.

The Independent UK

China announces 234 arrests in provincial banking scam

Authorities in central China have announced the arrests of 234 people allegedly involved in a scam to bilk people out of their savings with the false promise of high interest rates

The Independent UK

Revealed: Tony Blair spoke at events run by sanctioned Russian state-controlled bank

Exclusive: Former prime minister participated in series of events, including two after Salisbury nerve agent attack

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