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The Latest Breaking News on Financial Services

RBI Proposes UPI Payments Facility For Inbound Travellers

Taking into account the popularity of the UPI payment system, the Reserve Bank of India said it has proposed to permit all inbound travellers to India to use UPI for their merchant payments while they are in the country. Read further on Dynamite News:

Dynamite News

UK MPs and peers find HSBC complicit in Hong Kong human rights abuses

Bank sided with China in denying pension payouts to people who fled crackdown, says all-party group

The Guardian - UK

Coming soon: QR Code based coin vending machine at railway stations, malls, markets across 12 cities in India

To improve the distribution of coins among the public, the Reserve Bank of India is preparing a pilot project on QR Code based Coin Vending Machine (QCVM) in collaboration with a few leading banks of India.

The Times of India

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Suncorp rains down dividends despite La Nina challenge

Insurance and banking group Suncorp announced bumper dividends for investors, posting large earnings in the face of increased claim costs caused by La Nina.

AAP

China Speeds Up Approval of Wholly Foreign-Owned Fund Managers

With Morgan Stanley and JPMorgan rulings, authorities have cleared four such ventures already this year compared with just one last year

Caixin Global

Talking Point: Will you use the Bank of England’s proposed digital pound?

Dubbed by some as ‘Britcoin’ the planned digital pound would not in fact be a cryptocurrency but could become a new way of paying

Evening Standard

Bosses of major banks defend branch closures

In a Treasury Committee hearing they also denied relying on customer account switching inertia

Insider UK

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Plans to launch a new community bank in Wales delayed

The community bank is a manifesto pledge of the Welsh Government

Birmingham Post

HSBC launches one of the 'best' mortgage deals for homeowners since before the mini budget

It comes after the Bank of England raised interest rates to 4 percent last week

Manchester Evening News

Bosses of major banks defend branch closures to MPs

Chief executives from NatWest Group, Barclays UK, HSBC UK and Lloyds Banking Group appeared before the Treasury Committee.

The Independent UK

HSBC launches new 5-year deal as mortgage market hots up

MORTGAGE brokers say the market for home loans is roaring back, with cheaper loans coming on every day.

Evening Standard

Another Ex-Financial Regulator Expelled From Communist Party Over Graft Allegations

Former banking official Qin Huizhong has been accused of taking bribes and maintaining ‘improper sexual relationships’

Caixin Global

Hampden & Co makes two c-suite appointments

New chief risk officer and general counsel poached from Lloyds and Aegon, respectively

Insider UK

Lebanese Banks to Start Open-Ended Strike, to Keep ATMs Working

Banks in Lebanon will start an open-ended strike from Tuesday but will keep ATMs operating for basic services, the Lebanese Banks Association said on Monday, urging authorities to pass overdue measures to deal with a deep financial crisis. The decision came after a meeting by the association to discuss judicial…

Asharq Al-Awsat

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Wales Online

UK digital currency ‘likely to be needed’, say Treasury and Bank of England

State-backed digital pound could be launched later this decade as move towards new central bank currency

Bangkok Post

KBank aims to augment digital loans

Kasikornbank (KBank) plans to expand its digital lending this year with stronger control of loan quality, while also growing its mobile banking user numbers.

Manchester Evening News

Did Def Leppard play a charity fundraising concert for Bank of Dave?

The Netflix biopic stars Rory Kinnear as Burnley businessman Dave Fishwick

Liverpool Echo

Santander issues immediate warning to anyone with a mortgage

House prices will by slump 10% according to Santander

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Liverpool Echo

Lloyds Bank issues £8,000 warning to anyone who uses internet

More and more people are being left significantly out of pocket

Leeds Live

I spent the day at the free Santander Work Café in Leeds to escape rising energy bills and cabin fever

Reporter Lucy Marshall worked from the Santander Work Café in Park Row to see if it is worth using

The National (Scotland)

Bank apologises after labelling Scot's Thai wife a 'criminal'

A MAJOR bank has apologised to a Scots refugee activist after his local branch tried to stop him from sending money to his Thai wife and would not…

Evening Standard

Man convicted of manslaughter after fatal uppercut on millionaire banking executive in West End

A man has been convicted of manslaughter after punching a millionaire banking executive in London’s West End in a row over a stolen phone.

Liverpool Echo

Full list of Barclays, Natwest, HSBC, Lloyds and Halifax bank branches closing in 2023

Several branches are closing in Merseyside

Tribune News Service

Alex Murdaugh was $4.2 million in debt, overdrawn at bank, CEO testifies at murder trial

WALTERBORO, S.C. — Jurors in Alex Murdaugh’s murder trial got a late start Friday, as Judge Clifton Newman considered whether testimony about Murdaugh’s alleged financial crimes should be heard by the jury.

Reuters

China must join Ghana debt restructuring effort soon, Germany's Lindner says

Germany's finance minister singled out China during a visit to Ghana on Friday, as he called on countries that have lent to the embattled West African nation to form a creditor committee quickly to help it restructure its debt.

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