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The Latest Breaking News on Financial Services

Indonesia has strode ahead in digital banking: how can Thailand do the same?

Digital banking is at a crossroads in Thailand. A small but not insignificant part of Thailand’s population is underserved by banks—as of 2021, research shows that banking penetration stands at 85 percent. Digital adoption in Thailand is high, with smartphones seeing 106 percent penetration and digital banking being used by…

Bangkok Post

Nationwide reports 'strongest' financial results on record as profits soar to £2.2bn

The building society has 625 branches across the country

Birmingham Post

NAB mulling attack on union's excessive hours lawsuit

National Australia Bank is considering whether to contest claims brought by the finance union over "excessive, unreasonable" staff hours.

AAP

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Charlotte FBI, Bank of America dragged into congressional dispute over Capitol riot

A suspended FBI employee from Charlotte, North Carolina, who gave whistleblower testimony Thursday to a Republican-led congressional subcommittee had his security clearance revoked over his handling of a Jan. 6-related investigation, and amid questions from his superiors about his “allegiance to the United States.”

Tribune News Service

What's behind the decline in US banks?

The US has lost 71% of its banks over the last four decades. What does this mean for the economy?

USAFacts

2 Bank Stocks Raking in Profits

Given the current challenges facing the U.S. banking sector, investors could look beyond the boundaries to invest in quality foreign banking names raking in profits. To that end, it could be wise to buy fundamentally strong foreign bank stocks Intesa Sanpaolo (ISNPY) and Woori Financial (WF). Keep reading.

StockNews.com

Lloyds faces pressure from staff over ‘attack’ on flexible working

Union members and Extinction Rebellion campaigners both disrupted the bank's AGM

Insider UK

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Big interview: Lloyds Bank welcomes £8bn vision for transport for the South West and Wales

Amanda Dorel, regional director SME and mid corporate South West at Lloyds Bank said this is a 'real positive' for businesses in the region

Birmingham Post

Heartless South Shields fraudster used widower's bank card after claiming to be a 'distant relative'

Katie Shone, 35, pleaded guilty to the fraud at South Tyneside Magistrates' Court

Chronicle Live

Bank of Ireland issues urgent warning to customers over scam eFlow text messages

Fraudsters are doubling down on their efforts to access customers’ accounts

Dublin Live

Experts fear rise in energy bill scams amid spate of fake eFlow texts

Experts are expecting fraudsters to ramp up activity cloning other well-known Irish brands such as electricity and gas companies

Irish Mirror

JPMorgan Employees Overwhelmed With The Return-To-The-Office Policy Mandate

JPMorgan Chase & Co employees complain that they live far from the office as they have to deal with the commute.

Zenger

3 Bank Stocks to Take Advantage of Today

Despite assurances by the Federal regulators, investors and depositors are still wary about the banking sector’s health. Given the U.S. banking system’s current headwinds, investors could look beyond boundaries. To that end, it could be wise to buy fundamentally strong foreign bank stocks China Minsheng Banking (CMAKY), KB Financial Group…

StockNews.com

Ex-Washington Federal bank employee cuts deal with feds, expected to testify

The failure of Washington Federal Bank for Savings has led to criminal charges against 16 people. Among them: former Ald. Patrick Daley Thompson, who was convicted lst year of lying to regulators and filing false income-tax returns.

Chicago Sun-Times

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Daily Mirror

Thousands of people need to move their money now before their current accounts close

Intelligent Finance is to close all its current accounts this year - but savings and mortgage customers are unaffected by this huge change

Bangkok Post

Banks offer measures to help mortgage clients

Banks are using preemptive measures to help mortgage clients handle rising rates as central bank hikes affect floating mortgage interest rates.

The Independent UK

Wells Fargo agrees to pay $1 billion to settle shareholders' class-action lawsuit

Wells Fargo has agreed to a pay $1 billion to settle a lawsuit filed by its shareholders

Daily Record

City centre bank to close this summer leaving customers with trip to Glasgow for nearest branch

A Stirling city centre bank branch will close its doors this summer – meaning the next nearest branch for customers will be in Glasgow city centre. The Barclays’ branch in Murray Place is earmarked for closure on Friday, August 11, with banking boss

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news in one place.

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The Guardian - US

Silicon Valley Bank’s former CEO tells Senate he is ‘truly sorry’ for collapse

Greg Becker tells banking committee that takeover of SVB was ‘personally and professionally devastating’

StockNews.com

3 Foreign Bank Stocks to Buy This Week

Despite assurances by federal regulators, depositors and investors remain wary of the U.S. banking sector’s risks. Amid this uncertainty, fundamentally strong foreign banking names could be worth investing in to take advantage of rising interest rates worldwide. To that end, Banco Bilbao Vizcaya Argentaria (BBVA), Banco do Brasil (BDORY), and…

Daily Mirror

Barclays is slashing opening hours at hundreds of bank branches - what it means for you

Some Barclays bank branches currently open as late as 5.30pm during the week, but this will be cut to 3pm across the majority of locations from August 7

The National (Scotland)

Three Scottish Barclays stores to close as 110 UK branches shut this year

Barclays Bank has announced it will be shutting a further 15 stores in 2023, taking its total number of closures for the year to 110.

The Independent UK

CEO pay again in focus as the heads of failed banks appear before Senate panel

The recent failures of a trio of midsize banks has once again raised questions on whether executive compensation is tilted toward short-term gains rather than companies' long-term health

Chronicle Live

Barclays commits to maintaining presence in Prudhoe and Haltwhistle despite branch closure plans

Two branches in Northumberland were included in the latest round of closures

Radio France Internationale

Leading Nigerian bank opens French subsidiary in Paris

Access Bank, one of Nigeria’s top financial institutions, has opened a subsidiary in Paris as it seeks to extend its foothold in French-speaking Africa.

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