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The Latest Breaking News on Financial Services

Ukrainian bank accuses former owners of ‘epic’ £1.5bn fraud at London trial

JSC Commercial Bank Privatbank has accused businessmen Igor Kolomoisky and Gennadiy Bogolyubov of misappropriating more than £1.5 billion.

Evening Standard

Millions of people to start receiving £100 in their accounts from Tuesday - see how

Customers will receive the one-off payment directly in their account as part of a building society's Fairer Share scheme

Chronicle Live

The Top 2 Bank Stocks to Watch This Week and 1 to Avoid

The U.S. banking sector has been under immense pressure following the collapses of three major regional banks. With the bank turmoil far from over, it could be wise to add fundamentally sound foreign bank stocks China Minsheng (CMAKY) and Grupo Financiero (GGAL) to your watchlist this week, which are positioned…

StockNews.com

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JPMorgan reaches settlement with victims of late paedophile Jeffrey Epstein

Two parties have reportedly reached a $290m ‘agreement in principle to settle’ the lawsuit brought last November by women who were abused by Epstein

The Independent UK

Free banking services you can access at any Post Office including cash withdrawals and cheque deposits

Nearly every UK bank customer can access their account at their local Post Office.

Daily Record

Millions to start receiving £100 cash payment from TODAY - see who is eligible

Nationwide - which has 16.3 million customers worldwide - will pay out £340million in total, directly into customer accounts from this Tuesday, June 13

Daily Mirror

HSBC unveils Innovation Banking arm centred on former Silicon Valley Bank UK business

'The UK’s world-leading technology and life sciences sectors are central to growing the UK economy'

Birmingham Post

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South West business confidence falls amid growth 'slowdown'

A survey by Natwest found firms in the region reported higher wage costs and concerns about the squeeze on customers' budgets amid the rising cost of living

Birmingham Post

Krungsri upbeat on digital baht

The Bank of Thailand is working with three payment service providers to launch its retail central bank digital currency (CBDC), a novel financial infrastructure it claims will improve the convenience and efficiency of financial transactions with lower costs.

Bangkok Post

Your options if your bank including Lloyds, Halifax, NatWest and HSBC is shutting its doors in the North East

Seventeen North East communities so far are losing their branches in 2023 as more people opt to use online services

Chronicle Live

Will increase Ladli Behna Yojana aid to ₹3,000 a month, says Chouhan

Crediting the first monthly instalment of ₹1,000 into the bank accounts of financially weak women under the Mukyamantri Ladli Behna Yojana on Saturday, Madhya Pradesh Chief Minister Shivraj Singh Chouhan said that he had plans to increase the assistance to ₹3,000 a month in future.

The Hindu

How two big Wall Street banks are rethinking the office for a post-pandemic future

From more air circulation to well stacked pantries, JPMorgan Chase and BNP Paribas are seeking to make the office a draw at a time when work-from-home is becoming commonplace.

WEKU

Iraq’s central bank to blame for dispute behind jailing of Australian Robert Pether, tribunal finds

Engineer’s family says International Court of Arbitration decision strengthens the case for freeing him

The Guardian - AU

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

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Al Jazeera

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.

Birmingham Post

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

The Guardian - UK

HSBC temporarily withdraws mortgage deals for new borrowers

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

Bangkok Post

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.

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The Independent UK

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.

Kiplinger

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.

The Hindu

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 Guardian - UK

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

Evening Standard

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

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