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The Latest Breaking News on Financial Services

Proposals to reimburse scam victims are half-baked, says Treasury Committee

Treasury Committee chair Harriett Baldwin said regulators need to sort out exclusions and criteria quickly.

The Independent UK

Bank to create 1,000 Manchester jobs after signing deal to open major city centre office

Starling Bank is to move into the building which is already home to HSBC, Santander and Grant Thornton

Manchester Evening News

Starling Bank to create 1,000 jobs in Manchester after signing Landmark deal

Other tenants include Santander UK, RSM, HSBC UK and Grant Thornton

Birmingham Post

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Dead Bridgeport banker routinely hid bad loans from federal regulators, trial shows

Washington Federal Bank for Savings failure trial lays bare how CEO John F. Gembara told employees to conceal delinquent loans for millions owed by ‘friends of John.’

Chicago Sun-Times

Lloyds Pharmacy 'puts all 1,300 branches at risk of closure' in major high street blow

Its owner private equity firm Aurelius is said to have launched a strategic review of the business, which could result in its high street stores closing for good

Daily Mirror

Bank of Ireland creates 100 tech all-island jobs to accelerate digitalisation

The bank is on the lookout for cloud platform engineers, cybersecurity experts, data infrastructure engineers, specialised project managers and business analysts

Birmingham Post

Scam protection from banks under scrutiny as Australians lose $53m in two months

Sharon Watkins was fortunate enough to get her money back, but she and consumer advocates say it's time banks did more to protect their customers. Meanwhile, Australians have already lost $53m to con artists this year.

ABC News

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NAB bank head backs in Labor superannuation plan

Labor has received support for its superannuation plan from an interesting quarter - the chief executive of NAB.

AAP

LHFG to expand Taiwan loan portfolio

Land and Houses Financial Business Group (LHFG), a holding company of LH Bank, aims to grow its Taiwanese banking business more aggressively this year, boosted by manufacturing relocation by multinational and Taiwanese firms to Asean amid deglobalisation.

Bangkok Post

AIB says it does not cut 'special deals for special individuals' despite DJ Carey write-down reports

Representatives from AIB appeared in front of the Oireachtas Finance Committee following reports that former Kilkenny hurler DJ Carey received an alleged settlement resulting in a €9.5 million debt being written down

Irish Mirror

India lends support to Ajay Banga's nomination for World Bank President post

NEW DELHI: India on Thursday extended support to the candidature of Ajay Banga as World Bank President, saying his nomination comes at a time when the multilateral lending agency is considering next-generation reforms.

The Times of India

Mystery of how Nationwide lost my £3,000 in Bulgaria

I asked it to send the money to my husband’s bank account. Now it can’t locate it and the case is closed

The Guardian - UK

Goolsbee’s wife works at firm that helped pick him for Fed job

WASHINGTON — The search firm hired by the Federal Reserve Bank of Chicago to help find a new president includes among its executives the wife of Austan Goolsbee, the person ultimately picked for the role.

Tribune News Service

Bank closures hurt communities, Westpac admits to probe

Westpac and NAB executives are facing the regional banking inquiry, which is examining the impact of branch closures in country towns.

The New Daily

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Bangkok Post

CIMBT eyes 20% gain for digital

CIMB Thai Bank (CIMBT) targets growing its digital banking business by 20% this year in terms of users and transactions, driven by increasing digital adoption in Thailand.

ABC News

A third of the nation's bank branches have shut in the past five years — for people in the country, that's a huge problem

Despite soaring profits for Australia's big four banks, that number in the billions, almost one-in-three of their branches have closed in the past five years and now a parliamentary committee is examining the impact of those closures, especially on regional centres.

The Guardian - UK

UK government made £2.4bn from ‘mortgage prisoner’ loan sales, says Martin Lewis

Tens of thousands of borrowers had their loans sold on to providers at which they were unable to switch

The Independent UK

Banking giants asked to explain why some savings rates remain so low

The Treasury Committee is asking major banks for a breakdown of the revenue and profits generated from their savings products.

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news in one place.

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Dublin Live

Charlie Bird thanks Bank of Ireland staff after he became distressed in branch

The broadcaster often experiences crying episodes, which stem from his Motor Neurone Disease symptoms, and recently broke down in a Bank of Ireland branch in Wicklow

ABC News

ANZ bank apologises after customers' personal information found in Perth skip bin

One of Australia's biggest banks investigates after customers' personal data is discovered "floating down the street" after being dumped in a skip.

Birmingham Post

The Co-operative Bank hails 'positive momentum' as profits jump by £100m

The bank has also announced its commitment to reach net zero on Scope 1 and 2 direct emissions by 2030

Irish Mirror

Charlie Bird thanks Bank of Ireland staff for their help after 'crying uncontrollably' in branch

Charlie recently shared a health update saying his condition has gotten "much worse"

Newsroom.co.nz

Growing momentum for 'David and Goliath' official inquiry into banks

Proposed terms of reference say bank account number portability must be enforced with urgency, and ex-ministers like John Key shouldn't go straight onto bank boards. Jonathan Milne reports.

The Guardian - AU

The Australian towns where the nearest bank branch is nearly 1,000km away

With nearly 100 regional branches either closed or soon to close, getting to the bank is becoming increasingly difficult for Australians in remote areas

The Independent UK

Swiss regulator: Credit Suisse made 'serious breach' of law

Swiss regulators have found that Credit Suisse made a “serious breach” of law in connection with a now-bankrupt firm linked to Australian financier Lex Greensill

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