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The Latest Breaking News on Financial Services

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

The Guardian - AU

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

Daily Record

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),…

The Hindu

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Barclays to relocate to Bank House in Newcastle city centre

The banking giant is moving from its Quayside base into the new office tower later this year

Birmingham Post

Man locked down in bank after trying to withdraw £15,000 from account amid row with staff

Police raced to a HSBC bank in Huddersfield town centre last Friday at around 11.35am over reports of an incident involving a male customer.

Daily Record

Elderly couple at risk of homelessness after 'banking error' linked to Scottish home

Bernard and his wife Lea say they have lost tens of thousands of pounds from the sale of a property due to 'mismanagement' from RBS. They claim they have been left financially 'ruined'

Edinburgh Live

Full list of bank branches due to close before end of this year including 16 across Scotland

Nearly 70 branches of Bank of Scotland, RBS, Barclays, Lloyds, Halifax and HSBC are closing across the UK.

Daily Record

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Fifth of young adults ‘would choose a bank based on having a branch nearby’

Just over a quarter of young adults want a bank that provides them with detailed budgeting and analysis of their spending, according to a survey.

The Independent UK

Chase Bank Reports Duplicate Zelle Payments Glitch

Chase bank confirmed customer complaints about a Zelle payments glitch registering duplicate transactions.

Kiplinger

World Bank's new chief asks staff to 'double down' on development, climate efforts

The World Bank's new president Ajay Banga on Friday asked the lender's 16,000 staff to "double down" on development and climate efforts as he seeks to accelerate the bank's evolution to tackle the most pressing global problems.

Reuters

Branches of Barclays, Lloyds, Halifax and Bank of Scotland slated for closure

A list of all the bank branches set to close and the date they will shut their doors according to the most recent announcements.

The Independent UK

Plans to remove cash machines from Renfrewshire bank scheduled for closure refused

NatWest's request to extract the ATMs from the Royal Bank of Scotland in Church Street, Johnstone has been turned down.

Daily Record

East Lothian bank set to close leaving residents miles away from nearest branch

The Bank of Scotland on Dunbar High Street is set to close next year, leaving locals miles away from their nearest branch. Residents will need to travel to either Haddington or North Berwick for any face-to-face banking with the group.

Edinburgh Live

Aberfoyle bank set for closure as move away from rural branches continues

The physical Bank of Scotland branch in the village will close on October 24 after a review was carried out by the bank.

Daily Record

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Manchester Evening News

HSBC customers to get savings boost as bank makes big changes next week

The bank chain will increase interest rates on some saving accounts with increases of up to 0.75 percentage points

Daily Mirror

Lloyds, Halifax and Bank of Scotland to shut 53 more branches - see full list

The latest announcement means 21 Lloyds Bank, 15 Halifax and 17 Bank of Scotland sites will close for good between September this year and May 2024

Reuters

Bank of China chairman visits Papua New Guinea amid Sino-US strategic rivalry

Bank of China chairman Ge Haijiao has travelled to Papua New Guinea (PNG) as the world's fourth-largest bank seeks an operating licence in the Pacific Islands nation, which is seeking to boost China trade while expanding U.S. defence ties.

Bangkok Post

HSBC Thailand prepares strategy for expansion

HSBC Thailand aims to raise fresh funds and secure an additional licence in preparation for local business expansion in line with the country's economic growth.

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news in one place.

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The Guardian - US

JP Morgan CEO Jamie Dimon claims he had never heard of Epstein before arrest

Testimony counters claims that the bank ignored signs of malfeasance, including Epstein’s large monthly cash withdrawals

Birmingham Post

Bristol and Bath businesses adapt strategies for growth, according to HSBC

Bank says a third of UK businesses plan to adapt their strategies to navigate financial challenges over the next six months

Chronicle Live

Warning over 'purchase scams' as fraudsters trick people into buying goods that don’t exist

Lloyds Bank says there has been an increase in incidents involving criminals tricking people into paying for goods and services that don’t exist on social media

Liverpool Echo

NatWest issues warning to anyone on social media

Fraudsters scammed customers out of millions last year

The Independent UK

Bolivia: Trustee probing bankrupt bank died by suicide, no foul play found in fall from building

The trustee of a bankrupt bank in Bolivia who died after falling from the 15th floor of an office building killed himself, a forensic investigation has concluded, casting new doubts on a case that has gripped Bolivia amid accusations of a cover up and as the country faces an economic…

Reuters

Ex-JPMorgan executive wrote Epstein 'should not be a client' in 2011 email -deposition

A former JPMorgan Chase Co executive wrote in a 2011 email that the late financier and sex offender Jeffrey Epstein should not be a client of the bank, according to a transcript of a deposition of Chief Executive Jamie Dimon seen by Reuters.

The Independent UK

JPMorgan CEO Jamie Dimon says he never heard of Jeffrey Epstein until after his 2019 arrest

JPMorgan CEO Jamie Dimon says he never heard about Jeffrey Epstein until he was arrested in 2019 and he was surprised by that

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