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The Latest Breaking News on Financial Services

Former SVB head draws outrage at hearing on US bank failures

New York (AFP) - Executives from two failed US banks faced tough questioning Tuesday as senators railed against the lenders' risk management practices and lofty executive pay.

AFP

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

Daily Record

France issues arrest warrant for Lebanese central bank chief

Paris (AFP) - A French investigating magistrate on Tuesday issued an international arrest warrant for Lebanon's central bank chief Riad Salameh, a source close to the case said.

AFP

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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’

The Guardian - US

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…

StockNews.com

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

Daily Mirror

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 National (Scotland)

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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

The Independent UK

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

Chronicle Live

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.

Radio France Internationale

US Virgin Islands subpoenas Elon Musk documents for lawsuit concerning Jeffrey Epstein's bank, JPMorgan Chase

The government of the US Virgin Islands has issued Tesla chief Elon Musk with a court order for documents in its lawsuit that is seeking to hold an American bank, JPMorgan Chase, liable for sex trafficking acts by Jeffrey Epstein.

ABC News

Economists weigh in on poll winners

The banking sector is recommending the new government prioritise elevating the country's competitiveness through the stimulation of consumption, tourism and private investment.

Bangkok Post

Ex SVB head says social media 'fueled' run on doomed bank

New York (AFP) - The former head of Silicon Valley Bank blamed the lender's sudden collapse on a "social media fueled run" on it, according to congressional testimony released Monday.

AFP

NESDC demands discipline

The National Economic and Social Development Council (NESDC) has warned the new government to strictly maintain financial and fiscal discipline as it will affect foreign investors' confidence in the Thai economy, says secretary-general Danucha Pichayanan.

Bangkok Post

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The New Daily

Banks unveil new weapon to ‘freeze’ scam payments

Australia's banks have joined forces to unveil a new weapon to help save victims from transferring their money to scammers.

The Guardian - AU

Australian banks announce new anti-fraud platform to help quickly freeze scam payments

Move adds to ‘arsenal of anti-scam initiatives’ as consumer rights groups call for laws to see banks reimburse victims

Daily Record

High Street banking facilities make welcome return to Ayrshire town as new hub prepares to open its doors

The need for a new banking hub grew when Troon’s last remaining bank, The Bank of Scotland branch in Templehill, closed in September 2022.

Investors Business Daily

Banks: 10 Weeks Into The Bank Wreck. Where Do We Stand? Who's At Risk?

Regional banks remain under pressure 10 weeks after the start of the bank crisis. Regulators, JPMorgan's Jamie Dimon aim at short sellers.

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news in one place.

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Birmingham Post

East Midlands economy continues to get better according to new survey, though growth still weak

Employment could be getting back on track, and while prices are still going up, the rate of inflation is easing

ABC News

National anti-scams centre set to open in July, as Australians lose billions to fraudsters

A national anti-scams centre is being established to help combat scams and online fraud, after Australians reported losing billions of dollars to fraudsters last year.

Birmingham Post

South West business activity highest in almost a year, NatWest study finds

A survey of bosses across the region suggested input cost pressures were continuing to ease on firms

Kiplinger

Deeper Regional Banking Crisis Unlikely after Triple Failure: Kiplinger Economic Forecasts

The Hindu

Busy day in London for KTR, team

Wales Online

The secret hall not used for decades found hidden inside a former HSBC bank

A company moving into offices in a small Welsh town have been left stunned after discovering a 'secret' hall inside their new building. The hall, which is not believed to have been used in several decades, was found on the top floor of the former HSB

Nottingham Post

New plans unveiled for former Barclays bank on Mapperley Top

A book shop, cafe or a restaurant are what some people would like to see

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