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The Latest Breaking News on Financial Services

Banker bonus gap widens as men awarded more variable pay than women at top financial firms

Median bonuses widened between men and women in 11 out of 18 banks in the UK

Evening Standard

At Indonesia’s biggest bank, customers’ savings can vanish with a click

Indonesians robbed of their savings in cyber scams report little relief from banks or authorities.

Al Jazeera

Chinese lenders key as Thames Water’s owner seeks time to pay debts

ING, AIB and two Chinese state-owned banks expected to agree extension on £190m loan

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Nationwide TV ads starring Dominic West banned as misleading

ASA says sneering bank manager character wrongly suggests building society has not closed any branches

The Guardian - UK

Nationwide ad starring Dominic West is ‘misleading’, watchdog says

The advertisement attracted 282 complaints, including one from Santander.

Evening Standard

SBI refuses to disclose SOP for sale, redemption of electoral bonds in RTI reply

Electoral bonds scheme: SBI refuses to disclose electoral bond SOPs, citing commercial confidence exemption, despite Supreme Court's directions.

The Hindu

Cash crunch talks as money mover Armaguard digs in

A consortium of banks, supermarkets and government departments have been permitted to begin discussing measures in case cash transporter Armaguard collapses.

AAP

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Do Bank of America (BAC) and Goldman Sachs (GS) Hold Promise for Investors?

Although the U.S. banking industry has staged a strong recovery from last year’s troubles, certain risks still cloud its growth prospects this year. Given this backdrop, should investors now consider buying Bank of America (BAC) and The Goldman Sachs Group (GS)? Keep reading.

StockNews.com

"Transformation occurred due to honesty, consistency in our efforts": PM Modi lauds RBI

Prime Minister Narendra Modi on Monday applauded the transformation that the Reserve Bank of India witnessed in the last decade. Read further on Dynamite News:

Dynamite News

Bank of England investigating claim Metro Bank put customers’ data at risk

Exclusive: Whistleblower raised concerns about security of in-branch coin-counter software

The Guardian - UK

Reserve assets rose by USD 34.8 bn, net claims of NRI decreased by USD 12.2 bn: RBI

The RBI disclosed the latest figures concerning India's IIP as of December 2023 showing a decline in net claims of non-residents on India, plunging by USD 12.2 billion during the period from October to December 2023, culminating at USD 370.4 billion by the end of December 2023. Read further on…

Dynamite News

IMF Urges Tighter Swiss Regulation After UBS Takeover Of Credit Suisse

Switzerland's biggest bank was strongarmed by the government into buying Credit Suisse last year over fears that the second largest lender in the country might go under and spark a global financial crisis.

Latin Times

Texas judge moves late fee case to DC, accusing banks of venue shopping for favorable ruling

A federal judge in Texas has accused the major banking industry groups and the U.S. Chamber of Commerce of forum shopping in their lawsuit against the Consumer Financial Protection Bureau

The Independent UK

UBS CEO Sergio Ermotti: Overpaid Or Worth Every Franc?

UBS CEO's compensation of 14.4 million Swiss francs in 2023 has ignited discussion, showcasing the contrast between European and American banking pay standards.

International Business Times

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news in one place.

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International Business Times

IMF Urges Tighter Swiss Regulation After UBS Takeover Of Credit Suisse

The IMF urged Switzerland on Thursday to strengthen its financial sector regulation as supervising UBS has become "more challenging" since it grew into a global banking behemoth after its takeover of Credit Suisse.

Caixin Global

Smaller Chinese Banks Trim Deposit Rates to Protect Profit Margins

One Guangdong province-based bank lowers rate on five-year time deposits to 2.5% from 2.7% as expectations grow for a continued decline in loan rates

Evening Standard

Nationwide's takeover of Virgin Money could be a disaster for the building society

City Comment: I hope I am wrong about this deal

The Guardian - UK

Co-operative Bank to axe 400 jobs in bid to cut costs

Lender says move is unrelated to takeover talks with Coventry Building Society

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news in one place.

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The Hindu

Sordid scheme: On the electoral bond scheme, electoral financing

The electoral bonds skewed campaign and party financing heavily in the favour of the ruling party, besides putting a veil over the unscrupulous motivations for the donations

StockNews.com

3 Bank Stocks Driving Returns Across Industries

The U.S. banking industry is showing signs of recovery due to stabilizing asset quality, potential rate cuts this year, and lower expense growth. Therefore, investors could consider buying fundamentally strong bank stocks Capital Bancorp (CBNK), FS Bancorp (FSBW), and Old Point Financial (OPOF). Read more.

The Guardian - UK

HSBC and NatWest accused of financing North Sea oil extraction despite pledge

Campaigners call on banks to cease funding Ithaca, which is playing a key role in Rosebank oilfield plan

The Guardian - AU

Afternoon Update: one in 20 mortgage holders spending more than they earn; Reddit shares soar; and a crocodile in a service station

Reserve Bank says share of mortgage holders under pressure should halve by the end of 2025

International Business Times UK

Ethiopian Bank Glitch Lets Customers Withdraw Up To £32m at ATMs

Ethiopian students took advantage of a glitch involving the Commercial Bank of Ethiopia before police stopped further withdrawals from happening.

The Hindu

Letters to The Editor — March 20, 2024

Readers’ mail to The Hindu’s Letters to The Editor

International Business Times

Assailants Attack Central Bank As Gang Violence Grips Haiti

Security forces in Haiti killed at least three people, repelling an attack on the central bank as gang violence surges in the capital of Port-au-Prince, an employee said Tuesday.

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