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The Latest Breaking News on Financial Services

Pacific banking bolstered with federal $6 million boost

Banking services in Pacific nations will be strengthened with $6.3 million from the federal government, as Australian financial services are urged to stay.

AAP

Bank Teller Shares Why You Shouldn't Have Over $3K In Your Chequing Account: 'It's Not As Safe As You Think'

Checking accounts shouldn't hold a fortune! They miss out on interest and protections. Break up large sums for better growth and security.

International Business Times UK

Tax cuts, rates chatter to play into consumer sentiment

Consumer and business confidence surveys are due out this week and are likely to show ongoing weakness to reflect a waning economy.

AAP

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‘It’s very troubling’: thieves use vulnerable man to take out £28,000 bank loan

Metro Bank faces questions over safeguards and why victim was allowed to borrow such a big sum

The Guardian - UK

Nation’s largest bank Chase threatens to charge for checking accounts if government caps fees

Under the proposed government regulation, credit card late fees could be capped at $8 and overdraft fees could be capped at $3

The Independent UK

Major mortgage lenders chopping rates as competition heats up

Halifax, HSBC UK, Barclays, Santander and NatWest are among those to have made rate cuts this week, or outlined plans to do so.

The Independent UK

'Deep flaws' in ASIC enforcement prompt calls for split

A bloated remit and chronic under-resourcing at Australia's corporate watchdog have been canvassed in a scathing parliamentary report.

AAP

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£235m expected to be withdrawn from ATMs as voters go to polls on Thursday

The predicted ATM withdrawal total is expected to be lower than it was on December 12 2019, when the last general election was held.

The Independent UK

3 Undervalued Small-Cap Stocks to Buy Before They Take Off

As the economy rebounds from tight monetary policies, small caps are poised to benefit from the cyclical upturn due to their greater sensitivity to economic conditions than large caps. Thus, it could be wise to invest in these three undervalued small-cap stocks: LifeVantage Corp. (LFVN), Hudson Global (HSON), and SigmaTron…

StockNews.com

ANZ named and shamed for charging dead clients

The ANZ bank has been publicly named and shamed for charging fees to dead clients and ignoring requests for information from their representatives.

AAP

Billboards calling on Wimbledon to drop Barclays as sponsor appear near All England Lawn Tennis Club

The guerilla protest accuses Barclays of supporting the arms trade and contributing to global warming

Evening Standard

Artists target Wimbledon with graphic mock adverts over Barclays sponsorship

The All England Lawn Tennis Club has faced pressure to drop the bank as partners

The Independent UK

Wimbledon urged to drop Barclays as sponsor over fossil fuel links

Climate groups and anti-war activists say bank using reported £20m deal to ‘hide its multitude of sins’

The Guardian - UK

Intellectual property valuation and lending: a guide

What is my IP worth?

The Independent UK

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AAP

Digital systems dethrone cash as dominant payment type

Online payments have surged in the past year to overtake the rate of cash withdrawals at ATMs, research shows.

AAP

Aussies feel social media fails to stop 'scam war'

One in five Australians believe social media giants are encouraging scams to occur on the platforms, a new survey reveals.

Evening Standard

'Doveish hold' feeds through to mortgages as HSBC cuts rates

City Comment: Lower interest rates — finally — should slowly fire up house buyers’ enthusiasm

The Guardian - AU

Westpac customers in Tennant Creek unable to buy food after ‘disastrous’ branch closure, critics say

Banking watchdog finds Westpac committed ‘serious and systematic’ breaches when closing remote NT branch in 2022

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AAP

Westpac sanctioned over 'serious' bank closure breach

Westpac breached banking protocols when it suddenly closed an outback branch, leaving the community to rely on a local charity, an investigation has found.

The Guardian - UK

Kick It Out hopes to appoint Samuel Okafor as new chief executive

Kick It Out wants to appoint Samuel Okafor, a director of the private bank Coutts, as the anti-racism charity’s new chief executive

AAP

Perth Mint urged to come clean on finance law breaches

A clear statement of governance failures is needed from Perth Mint on events leading up to breaches of terrorism financing and laundering laws, a report says.

AAP

Serial rapist in Balding abduction back behind bars

A man convicted over the shocking gang rape of Janine Balding in the 1980s is back in custody less than two weeks after he was released from prison.

The Guardian - UK

NatWest to take on most of Sainsbury’s Bank

Deal comes as supermarket seeks to offload businesses in order to focus on core grocery arm

The Independent UK

Boosting business: award-winning companies share the secret of success

Behind the scenes with the winners of the Lloyds Bank British Business Excellence Awards

International Business Times

Mouse Shakers, Power Naps: Corporate America Fights 'Keyboard Fraud'

A US banking giant fired more than a dozen employees for "simulating keyboard activity," highlighting a battle within productivity-obsessed corporate America to tame a culture of faking work with gizmos such as mouse jigglers.

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