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The Latest Breaking News on Financial Services

Santander and Barclays become first banks to hike mortgages after interest rates rise

Santander was the first high street bank to confirm its SVR mortgage rates are rising, with its rate increasing by 0.50% to 5.99% from the beginning of September

Daily Mirror

CBA, ANZ, Westpac and NAB lift interest rates after two days of 'radio silence'

After two days of silence, Commonwealth Bank was the first of the "big four" banks to lift interest rates on its variable mortgages by 0.5 percentage points — in an uncharacteristically slow response to the Reserve Bank's rate hike on Tuesday.

ABC News

Lloyds lays bare impact of soaring inflation on everyday customers

Families spending on average £89 more a month on energy, food and fuel than before pandemic, says bank

The Guardian - UK

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Full list: Lloyds bank and Halifax announce a further 66 branches set to close

Lloyds Banking Group has announced a further 66 branch closures - that's on top of closures already announced in recent months

Birmingham Post

Profits for America's biggest banks are shrinking

RIP: "Easy money" that made Wall Street boom during COVID

Axios

CBA, ANZ raise their interest rate levels

ANZ has followed Commonwealth Bank in raising mortgage rates following the central bank's decision to lift the cash rate to 1.35 per cent.

AAP

Santander customers fuming as 'technical problems' mean payments are delayed

One demanded compensation

Wales Online

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Former ICBC Banker Pleads Guilty to Taking $15 Million of Bribes

Lu Jinwen of bank’s Guangdong branch approved $104.6 million of illegal loans, prosecutors find in sweeping anti-corruption crackdown

Caixin Global

Ex-Amazon employee convicted in 2019 Capital One hack after bragging online

Over 100 million people were affected by Paige Thompson exploiting Amazon Web Services in 2016.

Input

HSBC, Nationwide, Santander and more confirm when mortgages will go up

Those on a tracker rate mortgage will see their interest rates go up automatically - high street banks have started to confirm the dates when customers will be hit with higher costs

Glasgow Live

Barclays and Standard Chartered shareholder meetings disrupted by protests

Barclays chairman Nigel Higgins was repeatedly interrupted by climate change activists in the audience.

The Independent UK

ANZ and CBA to raise after central bank decision – as it happened

This blog is now closed

The Guardian - AU

Vote down executive pay at Barclays and Standard Chartered, investors told

Rebellions loom as Glass Lewis advises banks’ shareholders to reject higher base pay and excessive pensions

The Guardian - UK

How to Keep Your Savings Safe

If you want to keep your savings safe but they exceed FDIC and NCUA limits, it's time to open multiple accounts, preferably ones with high yields.

Kiplinger

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Daily Record

Bank of Scotland, Lloyds and Halifax to close 60 branches across UK - with 19 to shut in Scotland

19 branches in Scotland will be affected by the closure.

Axios

JPMorgan Chase CEO pushes Biden for domestic energy "Marshall Plan"

Dimon told Biden that more gas production is needed both for Europe and America's energy security.

Evening Standard

The inevitable future scandal coming at Lloyds Bank

Comment: Purpose driven CEO is running a bank that is simply too big

The Independent UK

Houston doctor sues JPMorgan Chase claiming she was barred from cashing $16,000 check because she is Black

‘As soon as Dr Mitchell-Stewart showed employees at First Colony Branch her Check, they immediately treated her like a criminal,’ lawsuit says

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The Times of India

Government to mull changes in law to cut state’s stake in banks

NEW DELHI: The government is considering changes that would make it easier to lower its stake in state-run banks, a key step in Prime Minister Narendra Modi’s plan to unclog credit flow to the economy.

Caixin Global

Another Former ICBC Branch Head Probed for Graft

Zhang Keli was appointed president of the Hunan province branch of the world’s biggest bank in 2010

Kiplinger

Credit Card Closed? Here's Why and What to Do Next

If your credit card is closed, here's why that might have happened and what to do next.

The Guardian - AU

US bank BNY Mellon cuts ties with Adani’s Carmichael coalmine

Bank says Queensland mine and rail line do not fit in with its environmental, social and governance principles

Caixin Global

Exclusive: Former Bank of China Executive to Be New ICBC Vice President

Zheng Guoyu has joined the world’s largest commercial bank as a Communist Party committee member

Caixin Global

Former ICBC Shanghai Branch Head Sentenced to Life

Gu Guoming convicted for accepting $21 million of bribes over 11 years amid a series of graft scandals rocking Shanghai banking

The Times of India

Government defers sale of state-run banks to next year

NEW DELHI: India’s plan to sell two state-controlled lenders may get deferred to next financial year as the government is yet to seek parliament’s nod for changes in laws required to start the transaction, according to people familiar with the matter.

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