The Latest Breaking News on Financial Services

A person with long experience in the financial services sector, Marnie Baker, and a distinguished academic economist, Renée Fry-McKibbin, have been appointed to serve on the Reserve Bank’s new monetary policy board:

Renée Fry-McKibbin and Marnie Baker will sit on the RBA’s new board, which follows the government’s reform of the central bank

The corporate cop has put the nation's banks on notice after filing a civil case against HSBC Australia over its alleged failure to stop $23 million in scams.

December 14, 2024, marks the second Saturday when banks across India will be closed. Read further on Dynamite News:

The Chancellor insisted the Government’s target for 350 banking hubs was a ‘massive ramp-up’ of previous plans.

The Reserve Bank of India (RBI) in Mumbai received a bomb threat email on Friday, police said. Read further on Dynamite News:

The Consumer Financial Protection Bureau is capping the fees at $5 with a rule set to take effect in October 2025, if it isn't overturned by Congress or altered under a Trump administration

Ryan Cornelius was originally detained in the UAE for 10 years as part of a bank fraud case, but his detention was extended by 20 years.

The advocate had initially demanded a bribe of Rs2.5 lakh, which was later negotiated down to Rs1.70 lakh, in exchange for deferring the possession of a mortgaged property under the SARFAESI Act. Read further on Dynamite News:

Mobile money agents have become a familiar sight across Nigeria, using handy point-of-sale machines to provide essential services to millions of people without access to banking, particularly in hard-to-reach rural areas.

At first blush, today’s announcement that Australia and Nauru have signed a security treaty offers something for both countries. Australia increases its influence in a region in which it feels threatened by China. Nauru receives economic assistance and reliable banking services.