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The Latest Breaking News on Financial Services

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

Manchester Evening News

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

Daily Mirror

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.

Reuters

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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.

Bangkok Post

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

The Guardian - US

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

Birmingham Post

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

Chronicle Live

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NatWest issues warning to anyone on social media

Fraudsters scammed customers out of millions last year

Liverpool Echo

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…

The Independent UK

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.

Reuters

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

The Independent UK

Krungsri sees support for Japan's interests

Bank of Ayudhya, which markets itself as Krungsri, believes the new government will support Japanese investment in Thailand.

Bangkok Post

Barclays CEO Jes Staley contradicts JP Morgan chief’s claim they never discussed Epstein

Staley says that he communicated with Jamie Dimon about the convicted sex offender, in a lawsuit against the US banking giant

The Guardian - US

North East firms' confidence outstrips regional peers despite monthly fall

A survey of firms by Lloyds Bank found 33% of businesses expected to take on staff over the next year

Birmingham Post

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Daily Mirror

UK bank issues £570 scam warning to those with Facebook or Instagram accounts

The high street bank found that there had been a "surge" in criminals tricking people into paying for goods and services that don’t exist on social media - with the average amount lost being £570

StockNews.com

Is JPMorgan Chase & Co. (JPM) a Buy or Hold?

JPMorgan (JPM) benefitted from the rising interest rates, with its net interest income rising 49% in the first quarter. The bank recently acquired the assets of the failed First Republic Bank. Amid this backdrop, should investors consider buying the stock? Read on….

The Independent UK

Monzo tips to a profit as more customers turn to credit

The bank, which says it has more than a 10th of the population as customers, managed to tip to a profit in March.

Daily Record

UK bank issues stark £570 warning to anyone shopping for clothes and games

Lloyds Bank has dubbed social media as the "Wild Wild west" of online shopping as scams cost shoppers millions of pounds.

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news in one place.

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The Independent UK

Britons flocked to pubs and bars over bank holiday weekend, figures show

Spending in pubs and bars soared by more than 27% on Saturday and Sunday, compared with the same weekend last year, Barclays found.

Nottingham Post

UK bank issues £570 warning to all customers about fraudsters

The bank has urged people to take steps to protect themselves

Insider UK

Scottish business confidence falls in May

While the services sector struggles, confidence among manufacturers increased to a one-year high

Wales Online

Lloyds Bank issues £570 warning to customers

The amount is the average that people who are caught by scams lose

Manchester Evening News

UK bank warns customers of £27m purchase scam warning

Data has shown a surge in purchase scams on both Facebook and Instagram

Liverpool Echo

HMRC warning to everyone who claims Tax Credits

People are being urged to be vigilant to avoid losing out on their cash

The Guardian - AU

Philip Lowe ‘appalled’ by PwC scandal but says firm will continue to audit Reserve Bank

At an estimates hearing on Wednesday, RBA governor also repeats the bank’s commitment to raising interest rates to reduce inflation

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