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The Latest Breaking News on Financial Services

Dead CEO of failed Bridgeport bank in the spotlight as embezzlement trial begins

John F. Gembara, the late boss of Washington Federal Bank for Savings, schemed with attorney Robert M. Kowalski, prosecutors told jurors Tuesday. Representing himself, Kowalski blamed Gembara.

Chicago Sun-Times

Two missing after Queensland mine collapse – as it happened

This blog is now closed

The Guardian - AU

Bank announces £200 new switch deal and raises saving rates

Natwest is also offering to increase the rate of interest on its digital regular saver account

Nottingham Post

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TSB bank offering instant £200 added for simple account switch

Here's exactly how to claim all of the money

Manchester Evening News

NAB calls for united front to combat 'spoofing' scams

The National Australia Bank has revealed a 50 per cent drop in "spoofing" as it calls for a more co-ordinated Australian front against scammers.

AAP

'Outrageous': Union criticises Westpac's decision to move Charlestown banks under one roof

Westpac's decision to bring its St George Bank branch at Charlestown under the same roof has been met with criticism from the Financial Services Union (FSU).

Newcastle Herald

OAP Lanarkshire businessman pocketed £50,000 taxpayer backed loan for 'own benefit'

Thomas Whyte applied for the Bounce Back Loan intended to support businesses through the covid pandemic for his dormant company with just £203 in it's bank account.

Glasgow Live

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Interest rates could peak at 4.1% amid sinking consumer confidence in Australia, says NAB

Major bank believes business conditions and confidence are improving as it sets cash rate prediction higher than other banks

The Guardian - AU

HDFC Bank begins offline payment pilot under RBI sandbox

MUMBAI: The country's largest private sector lender HDFC Bank on Monday said it is attempting to execute digital payments in an offline mode under a regulatory facility to test innovations.

The Times of India

Ukraine's Zelenskiy met JPMorgan bankers over rebuilding efforts

Ukrainian President Volodymyr Zelenskiy met with bankers from JPMorgan Chase Co last week to get their advice on rebuilding the country and weathering the financial impact of the war, according to a statement from the president's office.

Reuters

Former East Lothian bank to become seaside cafe after house plan rejected

The owners of the former Royal Bank of Scotland branch in North Berwick have been given permission to open a two-story cafe, after being refused permission to convert it into a home..

Edinburgh Live

NatWest hints at green shoots of recovery in East Midlands

Business confidence hit an eight-month high in January according to NatWest survey

Birmingham Post

All-male BOJ picks another blow for gender equality in Japan

Once again, three men are set to lead the Bank of Japan (BOJ), underscoring the hurdles women face in reaching leadership positions in a country that ranks the lowest among advanced economies for gender equality.

Reuters

South West business confidence for year ahead hits eight month high

Firms told a NatWest survey new product launches and firmer customer demand could lead to a strong recovery over 2023

Birmingham Post

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The Guardian - AU

Australia should force banks to repay scam victims and adopt better protections, advocates say

Calls for federal government to mandate the checking of account details before money transfers are made

The Guardian - UK

NatWest poised to report biggest profits since 2008 financial crisis

Expected hike in bonuses could also prove controversial given cost of living crisis and government’s stake

The Independent UK

Who is Richard Sharp? BBC chairman who ‘helped Boris Johnson secure £800,000 loan’

Former banker worked for more than 30 years in the financial sector, including a 23-year stint at investment giant Goldman Sachs

Liverpool Echo

Virgin Money, TSB and Nationwide bank account warning

Consumer group Which? compared 13 current account providers

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Dynamite News

Rajasthan: Termites Damage Currency Notes Worth 2.15 Lakh Inside Bank Locker In Udaipur

Currency notes worth Rs.2.15 lakh kept in the locker of Punjab National Bank branch of Kalaji Goraji were damaged by termites. Read further on Dynamite News:

AAP

Rural bank inquiry a 'small victory' as branches shut

The Senate will hold an inquiry into bank closures in rural Australia, the first in 19 years. Communities losing their last bank say it's a good first start.

Bristol Post

Bristol businessman scammed out of almost £8,000 by fraudster

Warning issued for people to be on the alert for the scam if you get an unexpected call from bank

Liverpool Echo

Historic Liverpool city centre clock tower building to go up for sale

The former bank building has been targeted by anti-social behaviour

Chicago Sun-Times

Will Bridgeport bank failure trial reveal more secrets about clout bank linked to Patrick Daley Thompson?

Washington Federal Bank for Savings’ failure was at the periphery of Thompson’s trial but will be centerstage when Robert M. Kowalski, who got millions of dollars in loans the feds say didn’t have to be repaid, goes on trial Monday.

Evening Standard

Better that banks make billions than go bust

City Comment: Knee jerk reactions to bank profits are unhelpful

Evening Standard

Bank profits poised to top £40 billion while UK economy struggles

Calls for windfall tax likely as bank profits hit record

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