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The Latest Breaking News on Financial Services

Erdogan's new central bank chief signals hope for Turkey's economic turnaround

Turkey's president has appointed a former U.S.-based bank executive to head the central bank

The Independent UK

Who is Hafize Gaye Erkan, Turkey’s new central bank chief?

Erkan becomes the first woman to lead the central bank after her appointment by President Recep Tayyip Erdogan.

Al Jazeera

Newcastle insurer Lycetts on acquisition trail after profits top £3m

The company will next month move into its new base at Bank House after more than 60 years in Milburn House

Birmingham Post

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HSBC temporarily withdraws mortgage deals for new borrowers

Bank removes all its ‘new business’ residential and buy-to-let products after surge in demand

The Guardian - UK

Exim Bank promotes risk hedging amid choppy seas

The lingering effects of the pandemic and the Russia-Ukraine war could exacerbate the risk of non-payment for goods, says Rak Vorrakitpokatorn, president of the Export-Import (Exim) Bank of Thailand.

Bangkok Post

HSBC pulls mortgage products for new borrowers ahead of rates hike

Nationwide Building Society is hiking some fixed rates from Friday while HSBC UK has temporarily removed some products before relaunching on Monday

The Independent UK

Mortgage rates hiked and products temporarily withdrawn by lenders - OLD

Nationwide Building Society is hiking some fixed rates from Friday while HSBC UK has temporarily removed some products.

The Independent UK

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Will the FDIC Raise the Deposit Insurance Limit?

Recent failures have some banking experts and policymakers asking whether it’s time to raise the FDIC deposit insurance limit.

Kiplinger

Bank employees keen on early start to wage talks, says BEFI leader

Bank employees numbering several lakh, across public, regional rural and old generation private banks in the country, are keen on an early start to the next round of wage negotiations between the unions that represent the workforce and Indian Banks’ Association (IBA)

The Hindu

Barclay family make last-ditch bid to keep control of Telegraph newspapers

Offer to write off some of the nearly £1bn owed by publisher submitted to lenders Lloyds Banking Group

The Guardian - UK

Barclays’ sale of Daily and Sunday Telegraph could take months to complete, warn banks

Sale is set to a spark bidding war amid debts of £1 billion

Evening Standard

Receivers kick Barclays off board as they put Telegraph and Spectator up for sale

The newspaper could fetch a £600 million price tag

Evening Standard

Telegraph and Spectator titles set to be auctioned off by Lloyds Banking Group

THE Telegraph newspapers and The Spectator magazine are due to be put up for auction within days amid a bitter row between the title’s…

The National (Scotland)

Former Bank of Ireland building in South Belfast to be given new lease of life as retail store moves in

The branch closed its doors back in 2021

Belfast Live

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Bristol Post

Martin Lewis' Monday Saving Expert shares how NatWest and HSBC will give new customers £200 free cash

Banks including First Direct, NatWest, HSBC and Lloyds are offering people money to switch to them

The Independent UK

Telegraph owner ‘on verge of administration’

The Telegraph newspapers and The Spectator could be put up for auction imminently with a £600 million price tag

The Independent UK

Telegraph owners deny business poised for administration due to unpaid loans

Lloyds Banking Group is said to be threatening to call in administrators for the parent firm of the Telegraph newspapers as it looks to recover loans.

Nottingham Post

Barclays' West Bridgford branch to close due to lack of regular customers

The multinational bank has decided to close its West Bridgford's branch in Tudor Square on Thursday, June 15

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The New Daily

Commonwealth Bank fined $3.5m for breaching spam laws

The communications watchdog has imposed a record fine on the Commonwealth Bank for sending out millions of marketing emails that breached spam laws.

Insider UK

NatWest and Edinburgh University launch new innovation centre

The five year project will be funded for the first two years by a £2m commitment from the banking group

The Guardian - UK

Telegraph parent company faces being put into administration

Speculation revived about ownership of media group as talks with Lloyds over £65m loans break down

The Independent UK

Epstein survivors write blistering letters to JPMorgan executives demanding they admit what they know

‘Does anybody at JPMorgan have a conscience?’ Courtney Wild asked in a personal letter to a senior bank executive

The Guardian - AU

Death of the cheque by 2030 as Australia embraces digital payment reforms

Jim Chalmers says phasing out will be ‘gradual, coordinated and inclusive’ as he announces modernisation plan

Daily Record

Last bank branches in Dunkeld and Crieff to close permanently in blow to local residents

The Bank of Scotland is shutting a number of outlets across the country due to a rapid fall in in-person usage

The Hindu

Economic offences are a modern threat to development of the country: Madras High Court

Observing that economic offences were a modern threat to the development of the country, the Madras High Court has refused to allow businessman ‘Aircel’ C. Sivasankaran to visit Seychelles as well as France as he was facing multiple cases that were being investigated by the Central Bureau of Investigation (CBI),…

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