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The Latest Breaking News on Financial Services

JPMorgan Chase And B Of A 'Rob' You Of $5,473 A Year

Stubbornly high interest rates mean if you're not getting at least 4% on your money — you're getting robbed. And not by a small amount.

Investors Business Daily

Santander raises mortgage rates for second time in four days

Lenders have been increasing mortgage rates again as the bank of England’s first interest rate cut appears further away than previously hoped

Evening Standard

Coutts faces new storm as it plans to move £2bn out UK shares

The royal bank claims its ‘home bias’ towards British company shares was an ‘anachronism’ that needed ‘funadamental change’

Evening Standard

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Standard Chartered beats UK banks thanks to Asian focus

STANDARD Chartered showed off the benefit of its focus on Asian markets today with a jump in trading income as clients took a more “risk on” approach to investing.

Evening Standard

HSBC Innovation Banking chair departs in latest boardroom reshuffle

The chair of HSBC Innovation Banking has stepped down in the latest sign of a boardroom reshuffle at the firm formerly known as Silicon Valley Bank UK.

Evening Standard

HSBC chief Noel Quinn to step down after ‘intense’ five years

Bank says it has started search for a successor as it reports quarterly profits beat forecasts

The Guardian - UK

Madras High Court refuses to interfere with merger of Lakshmi Vilas Bank with DBS India

Madras High Court refuses to interfere with RBI's decision to amalgamate Lakshmi Vilas Bank with DBS Bank India.

The Hindu

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Barclays accused of greenwashing over financing for Italian oil company

Exclusive: Environmental groups say bank is misleading public over ‘sustainable’ financing for Eni as company vastly expands fossil fuel production

The Guardian - UK

Issuance of LOCs at instance of public sector banks sans law is violation of fundamental rights: Bombay High Court

Bombay High Court deems Look Out Circulars by public sector banks against default borrowers without statute unconstitutional

The Hindu

UK consumers feeling more confident about finances, says NatWest boss

For first time since August 2021 people expect position to be better in a year, Paul Thwaite adds

The Guardian - UK

Barclays profits tumble 12% as UK interest rates hit mortgage demand

Pre-tax profits drop to £2.3bn between January and March, down from £2.6bn last year

The Guardian - UK

JP Morgan CEO praises Modi, says he ‘took 400 million people out of poverty’

JP Morgan Chase CEO praises Prime Minister Modi for lifting 400 million out of poverty and implementing reforms in India.

The Hindu

RBI imposes business curbs on Kotak Bank for IT infra deficiency

RBI directs Kotak Mahindra Bank to stop new customer onboarding and credit card issuance due to IT compliance issues.

The Hindu

RBI Issues Master Direction for Asset Reconstruction Companies

The Reserve Bank of India (RBI) has issued Master Direction to the Asset Reconstruction Companies. Read further on Dynamite News:

Dynamite News

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The Guardian - UK

Lloyds profits fall as competition for mortgages heats up

Pre-tax profits drop to £1.6bn between January and March, down from £2.3bn last year

The Hindu

Properties worth ₹55.73 crore of VMC Systems Limited attached by ED in bank fraud case

The Guardian - UK

UK bankers warned of ‘severe losses’ if they fail to monitor private equity exposures

Bank of England executive says creeping sense of complacency and lack of data is putting lenders at risk

The Guardian - UK

Coventry Building Society makes £780m offer for Co-operative Bank

Tentative offer follows four months of talks and could create new banking group with almost 5m customers

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Evening Standard

Nationwide's £2.9bn deal for Virgin Money must be stopped — members should sign up

City Voices: Give Nationwide Members a say on the purchase of Virgin Money

Newcastle Herald

New chair steering $20-billion Newcastle merged bank

The Hunter Valley local is a respected business leader.

Bored Panda

“Uncle, Are You Listening?”: Woman Wheels Pensioner’s Body Into Bank As Cosigner For A Loan

"I don't think this is legal. He doesn't look well. He's very pale." The post “Uncle, Are You Listening?”: Woman Wheels Pensioner’s Body Into Bank As Cosigner For A Loan first appeared on Bored Panda.

The Guardian - US

Brazilian woman arrested after taking corpse to sign bank loan: ‘She knew he was dead’

Shock in Brazil after woman is arrested and charged with violating a corpse and attempted theft through fraud

Newcastle Herald

Why big four bank CEO thinks Newcastle ticks more boxes than capital cities

'It's a part of the country that stacks up incredibly well.'

Investors Business Daily

Bank Of America Rebound Hinges On Today's Action; Morgan Stanley Surges On Earnings

Bank of America could be a buy or a sell on post-earnings action. Morgan Stanley reports first EPS gain in eight quarters.

The Guardian - UK

Witnessing the sad decline of communities in County Durham

Letters: Readers lament the abandoning of Category D villages by the council and the lasting impact that has had

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