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The Latest Breaking News on Financial Services

China-based development bank rejects claims of CCP control

Asian Infrastructure Investment Bank says internal review shows lender follows ‘highest standards’ of governance.

Al Jazeera

Big bank won't leave bush bare by lopping more branches

Commonwealth Bank has committed to no regional closures until 2026, but has flagged more "multi-channel" branches with reduced in-person banking hours.

AAP

SET stumbles on domestic, external risks

Concerns over rising global interest rates and domestic political uncertainties dragged down the Thai bourse to below 1,500 points again on Thursday, say analysts.

Bangkok Post

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Natwest and RBS closing 36 more branches including one in Merseyside

The banking giant said "closing a branch is a decision we take very seriously"

Liverpool Echo

UK banks urged to ‘accelerate’ savings rates by financial regulator

FCA tells NatWest, Lloyds, HSBC and Barclays to act more quickly to support consumers after profiteering claims

The Guardian - UK

Town completely abandoned by banks could be handed a lifeline

Six years ago, Radcliffe - which has a population of around 30,000 - had three banks and a building society... now there are none

Manchester Evening News

Big Interview: British Business Bank launches South West Investment Fund

BusinessLive spoke with chief executive Louis Taylor about how this will work across the different counties of the South West

Birmingham Post

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SEC pushes for regional green finance

The Securities and Exchange Commission (SEC) is working with other Southeast Asian countries to develop green financial products, including sustainability-linked bonds and "Asean Transition" guidelines regarding taxes, according to the Thai regulator.

Bangkok Post

Thai Credit banks $105m IFC loan

International Finance Corp (IFC), a unit of the World Bank Group, is providing a US$105-million loan to Thai Credit Retail Bank Plc (Thai Credit) to support female entrepreneurs in Thailand.

Bangkok Post

BoT considers rate cuts amid debt crisis

The Bank of Thailand is mulling cutting interest rates to help people struggling with debt to exit from a pernicious cycle, says a central bank executive.

Bangkok Post

RBS and Natwest announce closure of 36 branches across UK - check the full list

NatWest will close 34 additional branches between September 2023 and July 2024, with their sister bank, RBS, shutting down two more branches by November this year.

Daily Record

Stubborn UK inflation may lead to 7% interest rates, economists warn

JP Morgan says risk of ‘hard landing’ for economy heightened, with higher borrowing costs hitting business

The Guardian - UK

Natwest and RBS announce 36 branches to close - full list

Move means many communities will lose their access to high street banking

Nottingham Post

RBS shuts account of Scotland's equalities and human rights commissioner

THE bank account of a women’s rights and equalities campaigner has been shut by the Royal Bank of Scotland without explanation, her family has…

The National (Scotland)

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Insider UK

Banks warned over financing of Rosebank's developer

A decision on the potential approval of the controversial oil field off Shetland is expected imminently

Nottingham Post

Neapolitan pizzeria plan for old Nottingham city centre bank after bar scheme scrapped

A new Neapolitan-inspired pizza restaurant could be coming to Nottingham city centre, after plans for Rudy's to set up in the old Midland Bank on Victoria Street were submitted to Nottingham City Council

The Hindu

Seva Vikas Bank scam | Court sends BJP leader Amar Mulchandani to ED custody

According to ED, BJP leader Amar Mulchandani's ’arrest is made because of the bank fraud case in which the bank suffered a loss of ₹429 crore in 124 non-performing assets loan accounts.

Manchester Evening News

CCTV appeal after man burst into bank and 'pointed item in bag' at terrified staff

The suspect demanded money from the till

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The Guardian - UK

Watchdog summons UK bank bosses to discuss weak savings rates

Financial Conduct Authority to meet executives on Thursday as part of its investigation into savings market

The National (Scotland)

Minister blasts closure of Nigel Farage's bank account 'on political grounds'

A HOME Office minister has said it should be “completely unacceptable” for banks to close the accounts of public figures on “political…

The Independent UK

Wimbledon: Emma Thompson among celebrities calling for end to Barclays sponsorship

Letter objects to bank sponsoring the tennis tournament on climate grounds

Broadcasting & Cable

Disney Signs Barclays as Wimbledon Presenting Sponsor

British celebrities criticize bank

Daily Mirror

First Direct SCRAPS fees for oversea spending and cash withdrawals for debit card holders

From June 28 First Direct stop changing customers a non-sterling transaction fee as well as a non sterling cash fee so is now offering a "near perfect exchange rate".

The National (Scotland)

Residents to face 60-mile round trip to nearest bank branch

South Ayrshire residents face a 60-mile round trip to their nearest bank after branches leave the area "one by one".

Daily Mirror

HSBC service issue saw customers unable to withdraw cash or pay with card

The major UK bank said in a tweet that "some customers" were experiencing issues although it is unclear exactly how many people are being affected.

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