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The Latest Breaking News on Financial Services

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.

The Hindu

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

Manchester Evening News

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

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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’

The Guardian - UK

The 21 latest North West hires and promotions

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

Birmingham Post

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.

Zenger

Intelligent Finance customers warned they need to move money before their account is closed

The bank is closing all of its current accounts this year

Wales Online

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Thousands urged to move their money as current accounts close

Intelligent Finance will close all its current accounts this year

Bristol Post

Federal Reserve Bank Of New York Found New Distinctions In Cross-Border Payments In New Study

The New York Federal Reserve published results from a study on major railway digital payments going to other countries.

Zenger

₹2,000 note withdrawal will have little impact on MSME and real estate sectors, say stakeholders

The industry is likely to take the decision by the RBI, to withdraw ₹2,000 notes from circulation, in its stride and its impact on the micro and small scale industries will be negligible, said K.N. Narasimha Murthy, president, KASSIA

The Hindu

KVG Bank posts net profit of ₹40.25 crore

By recording a growth of 26.18% compared to the previous financial year, Karnataka Vikas Grameen (KVG) Bank, a leading regional rural bank, has posted a net profit of ₹40.25 crore during the fiscal year 2022-23.

The Hindu

Thousands urged to move money now before current accounts close

Intelligent Finance will start closing current accounts from August 1

Manchester Evening News

Is 'second demonetisation' cover-up of wrong decision made earlier, asks Kharge

Opposition leaders on Saturday hit out at the government after the RBI announced the withdrawal of ₹2,000 currency notes from circulation, with Congress president Mallikarjun Kharge asking if the “second demonetisation” is an effort to cover up the wrong decision made earlier.

The Hindu

UK bank closures IN FULL including Santander, Barclays and HSBC - search your town

A total of 397 branches have closed or will close in England in 2023, along with 37 in Wales, 20 in Scotland, and five in Northern Ireland - use our map to see how your town will be affected

Daily Mirror

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Nottingham Post

Nottinghamshire banks among latest 12 Barclays closures

It is a further blow for struggling high streets

The Hindu

Withdrawal of ₹2,000 notes will have no perceptible effect on economy: Panagariya

The RBI’s decision to withdraw ₹2,000 currency notes from circulation will not have any ‘perceptible effect’ on the economy as any such notes returned will be replaced by either equivalent cash in lower denomination notes or a deposit, former NITI Aayog Vice Chairman Arvind Panagariya has said.

Bangkok Post

Two-pronged approach for Tisco Financial

Tisco Financial Group, a holding company of Tisco Bank, plans to focus on what it considers two businesses related to S-curve industries: auto title loans and corporate banking.

USAFacts

How strong are regional and community banks in the US?

Thirty-one financial institutions control more than 60% of the total money in US banks.

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StockNews.com

Why Financial Investors Are Buying Commerzbank (CRZBY)

The uncertainty around the U.S. banking industry has led investors to look beyond borders for opportunities. Commerzbank (CRZBY) has seen buying interest from investors lately as the company reported a solid financial performance for the first quarter. With the company predicting a strong year, the stock could continue to perform…

Daily Mirror

Barclays announces 12 more bank closures - see if your nearest branch is closing

The latest Barclays closures include two Birmingham branches and one in Windsor and they will take place in August in what is another another hammer blow for the struggling high street

Chronicle Live

Thousands of bank customers warned to move their money as current accounts set to close

Intelligent Finance is currently in the process of contacting customers affected by the change, with the first round of closures taking place this August

Chronicle Live

Nationwide announces £100 cash boost for millions of customers

The building society confirmed that it will be paying a total of £340 million to its customers next month

StockNews.com

Keep Tabs on These 3 Promising Bank Stocks

The risks pertaining to the U.S. banking system continue to make investors and depositors jittery. However, some foreign banks present an attractive investment opportunity. Given the concerns over the prospects of domestic banks, it could be wise to add fundamentally strong foreign bank stocks Barclays (BCS), Deutsche Bank (DB), and…

Nottingham Post

Intelligent Finance to close thousands of current accounts

Customers will have two months' notice

Liverpool Echo

Warning to thousands of people to move money before accounts close

The accounts will be closed this summer

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