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The Latest Breaking News on Financial Services

Ex-Mastercard CEO Ajay Banga confirmed as World Bank leader

Former Mastercard CEO Ajay Banga, an Indian army officer’s son with decades of corporate experience, has been confirmed to lead the World Bank for a five-year term that starts next month

The Independent UK

Get Ready for Summer by Investing in These 2 Leisure Stocks

Consumer spending held steady in March despite the banking crisis. In light of improved consumer and business sentiments, investing in sound leisure stocks, Endeavor Group Holdings (EDR) and Cedar Fair (FUN), could be wise. Read on….

StockNews.com

Climate protesters rework Spice Girls song to disrupt Barclays AGM

Lyrics of Stop changed to ‘stop right now, no more oil and gas’ because of bank’s fossil fuel funding

The Guardian - UK

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How the regional banking crisis is hitting the economy

Lending is almost certain to tighten, creating a new headwind for an otherwise decent economy.

Axios

How older people can learn online banking skills – as report finds many over-65s don’t manage money online

From digital training sessions to help from relatives, there are a number of options for older people who want to grow their online banking skills.

The Independent UK

Edinburgh and East Lothian branches among 13 bank closures across Scotland

Both the Bank of Scotland and the Royal Bank of Scotland are set to close branches in the capital or East Lothian. Around 13 banks will close physical stores in Scotland this summer.

Edinburgh Live

Textile tycoon Neeraj Saluja gets bail in Rs 1,530 crore bank fraud case

LUDHIANA: Textile tycoon Neeraj Saluja has been granted bail by the Punjab and Haryana high court on Wednesday.\

The Times of India

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Lloyds Banking Group beats profit forecasts as lenders now look toward BOE rate hike

The UK’s biggest single mortgage lender is the latest bank to beat profit forecasts

Evening Standard

Lloyds profits jump by 46% amid higher interest rate charges

But bank expects margins to drop because of tougher competition for mortgage and savings customers

The Guardian - UK

Lloyds beats forecasts with 46% profit rise after interest rates boost

Banking group expects the economy to fall by 0.6% in 2023 overall, slipping into a 'mild recession' over the first three quarters

Insider UK

Business confidence amongst Welsh firms shows rise

Companies in Wales reported higher confidence in their own business prospects

Birmingham Post

Credit Suisse History Of Doing Business Members Of The Nazi Party Remembered

Top Republican in the U.S. Senate Budget Committee questions the bank's history of the Nazi's interests.

Zenger

Former CEOs of failed banks to testify before Senate panel

The former top executives of two failed banks will testify before Congress this month

The Independent UK

Selling pressure set to rise this month

Trinity Securities cautioned investors to be wary of selling pressure in May, especially during the week after the general election, as the market may fluctuate ahead of the meeting of the Bank of Thailand's Monetary Policy Committee (MPC) at the end of the month.

Bangkok Post

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Bangkok Post

TCRB sees commercial upgrade taking one year

Thai Credit Retail Bank (TCRB) expects to take about one year to upgrade to become a commercial bank and plans to launch an initial public offering (IPO) by the end of this year.

Kiplinger

Stock Market Today: Stocks Slide Ahead of Fed Announcement

The major indexes tumbled Tuesday as anxiety ramped up ahead of tomorrow's policy announcement from the Federal Reserve.

The Independent UK

Bank stocks continue to fall following First Republic demise

Regulators have barely written the epitaph for First Repbulic Bank, but investors on Wall Street have already moved onto speculating which bank might be the next to fail

The Guardian - UK

Is the banking crisis coming to an end? As JP Morgan CEO notes, risks linger

Jamie Dimon says this phase of bank collapses is over, but ‘other cracks in the system’ could still be revealed

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news in one place.

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Kiplinger

Banking Crisis: I Thought I’d Lost My House Down Payment, But Here’s Why it All Worked Out

When banks are in crisis, there are important things to remember to stay calm.

StockNews.com

Best Of The Best: Top 3 Quality Stocks for Investors Looking for Stability

Heightened recessionary fears in the economy and the current banking sector jitters is weighing on the stock market. Hence, it could be wise for investors to buy quality stocks NuStar Energy (NS), Spirent Communications (SPMYY), and Westlake Chemical (WLKP), which pay stable dividends. Read more.

Daily Record

Full list of bank closures in Scotland as 13 more branches set to shutter

Further branch closures will be seen across six major banks in Scotland.

The Times of India

UCO Bank shares climb 2% on BSE after Q4 earnings, net rises 86% to Rs 581 crore

NEW DELHI/KOLKATA: Shares of UCO Bank on Tuesday climbed 2 per cent after the firm reported an 86.2 per cent rise in net profit for the March 2023 quarter.

Wales Online

Someone tricked the taxman into handing over £500k by registering firm to someone else's home

'How does HMRC just hand out half a million pounds?' asked a judge

Evening Standard

HSBC reveals plans to rename Silicon Valley Bank UK as profits soar

HSBC boss Noel Quinn laid out a fresh vision for the development of SVB UK after it bought the beleaguered bank for £1 in March.

Asharq Al-Awsat

IMF Raises Asia’s Economic Forecast on China Recovery, Warns of Risks

The International Monetary Fund (IMF) raised Asia's economic forecast on Tuesday as China's recovery underpinned growth, but warned of risks from persistent inflation and global market volatility driven by Western banking-sector woes. The reopening of China's economy will be pivotal for the region with the spillover to Asia seen focused…

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