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The Latest Breaking News on Financial Services

New Capital Rules Aim to Bring Chinese Banks in Line With Global Standards

The draft framework categorizes banks by size and offshore business to help increase compliance while helping smaller banks

Caixin Global

Big banks are raking in billions, and we all pay the price – time for a new windfall tax

Rises in interest rates are driving unemployment, low wages and poverty while the banks cash in, says campaigner Fran Boait

The Guardian - UK

Body of man found on high street in Fife as police investigate 'unexplained' death

Authorities rushed to High Street in Leven at roughly 7.30am yesterday after receiving reports of a "sudden death" of a man.

Daily Record

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Profits jump at HSBC as it moves to fend off break-up calls from China

HSBC today moved to fend off pressure from one of its biggest shareholders to break up the group and return chunks of cash to investors.

Evening Standard

Australia needs a new plan to keep rural banks open before they all get turned into cafes

Financial services are essential to keeping regional areas alive but continuing bank closures are putting communities at risk

The Guardian - AU

Man arrested 23 years after Browns Plains bank robbery where police officer Neil Scutts was shot

Senior Constable Neil Scutts was shot in the groin in March 1999 while responding to a bank robbery where staff and customers were allegedly held at gunpoint.

ABC News

Serial Bay Area bank robber charged with robbing banks days after he was sentenced in bank robbery case

SAN FRANCISCO — Last November, New Jersey native Christian Plummer was released from jail after being sentenced to two years in federal prison for robbing six banks around the Bay Area.

Tribune News Service

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No blind trust order for Victoria minister shareholders

Victoria's assistant treasurer will move his bank shares into a blind trust after admitting it was an error to retain them ahead of a contract announcement.

AAP

Then and Now: From Newcastle city centre bank to nightspot in 40 years

This was one of the first Newcastle banks to be later repurposed as a bar - it had been home to a bank for nearly 100 years when Midland shut up shop in 1983

Chronicle Live

Jeffrey Epstein’s long shadow falls on JPMorgan and Barclays once more

Newly public allegations about the convicted sex offender’s relationship to Jes Staley include 1,200 emails and ‘seductive’ photos

Financial Times

RBI cancels licence of MP-based Garha Co-operative Bank

MUMBAI: The Reserve Bank of India (RBI) on Monday cancelled licence of Garha Co-operative Bank, Guna in Madhya Pradesh as the lender does not have adequate capital and earning prospects.

The Times of India

Bank NPLs slow to 2.73% of lending at December's end

Thai banks' non-performing loans stood at 2.73% of total lending at the end of December 2022, down from 2.77% at the end of September, helped by debt restructuring, the central bank said on Monday.

Bangkok Post

Banks still discussing JV-AMC feasibility

Banks remain interested in setting up joint venture asset management companies (JV-AMCs) as an option to manage their non-performing loans (NPLs).

Bangkok Post

'Quiz bank on DJ Carey's €9.5m debt' - Call for probe into hurling legend's alleged loan write off

AIB should face the Finance Committee after allegedly writing off debt of almost €9.5million for hurling legend DJ Carey, a minister said. It's claimed the Kilkenny All-Ireland winner’s settlement with the bank in 2017 was just €60,000.

Irish Mirror

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The Guardian - UK

Too slow and too secret? Pace of Staley investigation undermines trust

City watchdog’s investigation into former Barclays chief executive’s account of his relationship with Jeffrey Epstein needs resolution

Tribune News Service

JPMorgan staffer expected bank to drop Jeffrey Epstein as client in 2008, lawsuit says

It was August 2008, the brink of a global financial crisis, and inside JPMorgan Chase & Co. an employee was expressing confidence the bank was about to kick out a wealthy client whose name was becoming infamous: Jeffrey Epstein.

Bangkok Post

SCB focuses on digital bank strategy

Siam Commercial Bank (SCB) aims to become a universal digital bank and upgrade its mobile banking platform to be No.1 in wealth management services.

Caixin Global

China Removes Communist Party Heads of Top State Insurer and Bank

Moves affect top executives of People’s Insurance Co. and Bank of China as they both near retirement age

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Evening Standard

Is it really the time to shower a bank boss with cash?

City Comment: It’s too soon to let remuneration rip

The Times of India

ED attaches properties worth Rs 828 cr in SEL Textiles's Rs 1530 cr bank fraud case in Ludhiana

LUDHIANA: In a big development related to the case of Rs 1,530 crore bank fraud committed by SEL Textiles Limited Ludhiana, Directorate of Enforcement (ED) Zonal Office Jalandhar has attached properties worth Rs 828 crores belonging to the company.

Nottingham Post

Hopes for Mapperley's food scene amid plans for new restaurant at 'eyesore' building

The new £2.25million transformation has been given the green light

ABC News

Chinese billionaire Bao Fan goes missing, the latest in a string of high-profile disappearances

The well-known deal-maker's disappearance is the latest in a series of cases of high-profile Chinese executives going missing with little explanation.

Insider UK

NatWest Group sees profits surge to £5.1bn

RBS owner hails 'considerable progress against our strategic goals'

The Guardian - UK

NatWest accused of ‘unjust’ profiteering after CEO paid £5.2m

Alison Rose becomes group’s second-highest-paid boss as bank reports largest profits since 2007

Wales Online

91% of card payments were contactless last year

Across all age groups, contactless users made an average of 220 “tap and go” transactions last year

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