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The Latest Breaking News on Financial Services

Commentary: Downtown San Francisco had a good run. Can it recover?

Downtown San Francisco is in distress. Indicators of urban well-being point in the wrong direction: office occupancy, BART ridership and retail foot traffic are down, as is the city’s population. Every week brings news of another high-profile exit: Recent closures include a Whole Foods flagship and Nordstrom, which announced the…

Los Angeles Times

Stock market today: Asian stocks slide as US debt worries mount

Asian stock markets have slid as the U.S. government creeps closer to a potentially disruptive default on its debt

The Independent UK

JPMorgan accuses US Virgin Islands of shielding Epstein

JPMorgan Chase is defending itself against a lawsuit by the US Virgin Islands accusing it of empowering Jeffrey Epstein to abuse teenage girls.

The New Daily

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JPMorgan Chase defends lawsuit by blaming US Virgin Islands for Jeffrey Epstein's sex crimes

JPMorgan Chase is defending itself against a lawsuit by the U.S. Virgin Islands accusing it of empowering Jeffrey Epstein to abuse teenage girls

The Independent UK

Don’t call it Chase Tower anymore. The downtown Dallas landmark is getting a new name

One of downtown Dallas’ tallest towers is getting a new name and upgrades.

Tribune News Service

Money mules are involved in the majority of scam reports, ACCC says

Over a four-hour phone call, scammers gained access to Jenny's computer and transferred $300,000 out of her account. By the time she alerted the bank, it was too late.

ABC News

Hassle-free experience for majority of people with few ₹2,000 notes to exchange

A steady stream of people waited in queues to exchange the few ₹2,000 notes they had, even as banks accepted a maximum of 10 notes to be exchanged at a time. A section of businessmen with unaccounted wealth, however, look towards middlemen to exchange the notes for a 10% commission…

The Hindu

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Millennial Money: How to pick a socially responsible bank

Now is a great time to look for a bank or credit union that aligns with your values

The Independent UK

Telangana continues to depend on financial accommodation facilities provided by RBI to meet requirements

In view of poor revenue receipts the government had to avail the financing options of the RBI to fund its spree of welfare programmes through most of March in the last fiscal

The Hindu

RBI defends before Delhi HC ₹2,000 banknote exchange exercise

The Reserve Bank of India (RBI) on Tuesday told the Delhi High Court that withdrawal of ₹2,000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience

The Hindu

Three Considerations for Stashing Cash After Bank Failures

People are understandably nervous about the safety of their cash accounts. The three-bucket method helps you divide your funds based on when you’ll need to access them.

Kiplinger

₹2,000 notes reach banks amid hiccups

Small queues were witnessed at some bank branches on May 23, 2023 for the exchange of ₹2,000 notes against smaller denominations as part of the withdrawal exercise.

The Hindu

Interactive map shows all the banks closing across Nottinghamshire

You can see if banks are closing or have closed in Nottinghamshire using the interactive map

Nottingham Post

Leeds bank closures mapped as 10 shutting across city in 2023 with people left with no local branch

Bank branches have been closing across the country

Leeds Live

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Bangkok Post

Bad mortgage loans rise amid rate hikes

Non-performing mortgage loans (NPLs) increased in the first quarter of this year due to rising interest rates, with the Bank of Thailand encouraging banks to help borrowers through debt restructuring.

Chronicle Live

Barclays bank slashes opening hours at most of its remaining branches

Announcement comes as bank plans to shut 122 branches, including Prudhoe, Washington, Alnwick, Seahouses and Haltwhistle

The Hindu

Slow withdrawal: on the RBI and the ₹2,000 note

The sudden decision by the Reserve Bank of India to withdraw the ₹2,000 notes in circulation has raised questions about the rationale

Tribune News Service

Fed's Kashkari says higher capital requirements would bolster banking system

After the high-profile failures of Silicon Valley Bank and Signature Bank, Federal Reserve Bank of Minneapolis President Neel Kashkari argued requiring banks to have higher capital levels could be the best solution to addressing the underlying weakness in the banking system.

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The Hindu

No need to make a dash for ₹2,000 swaps, says RBI Governor Shaktikanta Das

Seeking to allay concerns about the legal tender status of ₹2,000 currency notes after the September 30 deadline for their exchange or deposit, Reserve Bank of India Governor Shaktikanta Das stressed there is no need to rush to the banks and signalled the last date is only meant to nudge…

The Hindu

Don’t allow ₹2,000 banknote exchange without requisition slip, identity proof: PIL petition in Delhi HC

A PIL petition has been filed before the Delhi HC to not allow the exchange of ₹2,000 banknotes without requisition slip and identity proof.

Manchester Evening News

Hundreds of Santander, Barclays, NatWest, Lloyds and HSBC banks are closing this year - the full list

460 bank branches are set to close across the UK this year - leaving 109 communities in England without a single bank on the high street

The Guardian - UK

UK government sells £1.26bn of NatWest shares, taking stake below 40%

State bailed out lender, formerly known as RBS Group, in near-£46bn deal during 2008 financial crisis

The Guardian - UK

Micron shares drop after China bars its chips; UK house asking prices jump – as it happened

Micron products will be banned from key infrastructure projects in China due to ‘serious network security risks’

Birmingham Post

The 21 latest North West hires and promotions

BusinessLive rounds up the latest hires and promotions across the North West

Zenger

Republican Attorney Generals Cite Religious And Political Discrimination Against JPMorgan Chase

A conservative group was denied service on WePay for processing ticket sales that featured the son of Donald Trump.

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Ashwini Kumar Upadhyay

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