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The Latest Breaking News on Financial Services

HSBC will give people £200 cash for free for switching bank accounts

Customers looking to switch to an HSBC Advance or Premier Bank Account can get £200 for free

Chronicle Live

Taxing banks' excessive profits – be careful what you wish for

Hard-working New Zealanders will suffer the consequences of bank windfall taxes: higher interest rates, monetary policies frustrated, and a weaker financial system.

Newsroom.co.nz

Thief makes off with load of cash after smashing into Lloyds bank during night raid

Merseyside Police received reports of a robbery shortly after 2.30am this morning

Liverpool Echo

From analysis to the latest developments in health,
read the most diverse news in one place.

HSBC offering new customers free £200 within 20 days after switch criteria met

HSBC UK and Nationwide Building Society are both offering £200 to customers who switch banking services.

Daily Record

UK bank says it will give people £200 cash for free

HSBC, Nationwide, First Direct and Lloyds Bank have cash offers

Liverpool Echo

Jacinda Ardern slams banks for taking huge profits during cost-of-living crisis: ‘I’m simply being frank’

New Zealand’s banking companies post before-tax profits of $9.7bn in the twelve months till June

The Independent UK

First Foundation CEO on his journey from grocery bagger to founder of an $11 billion bank

DALLAS — Scott Kavanaugh is a two-time bank founder.

Tribune News Service

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Tisco expects to beat full-year loan growth target of 5%

Tisco Bank expects total loan growth for 2022 to exceed its 5% full-year target after booking credit expansion of 5% for the first nine months amid economic recovery.

Bangkok Post

Is HSBC down? Customers report error code and app issues

HSBC customers were left unable to navigate their mobile and online banking with others reporting issues with their credit cards.

The National (Scotland)

2 Stocks Investors Shouldn't Waste Their Money On

The Fed’s aggressive rate hike regime has heightened recessionary concerns. Therefore, fundamentally weak stocks Plug Power (PLUG) and Peloton Interactive (PTON) might be best avoided. Read more.

StockNews.com

Houghton-le-Spring bank worker who stole £6,000 from customer to pay online gaming debts walks free

Barry Nicholson, of East Rainton, abused his position of trust while working for Barclays Banks to empty a student's savings account

Chronicle Live

Current account customers can get as much as £200 by switching bank accounts

HSBC UK and Nationwide Building Society are both offering £200 to current account customers to switch.

The Independent UK

NAB blasted for incorrect customer fees

The Federal Court has found that National Australia Bank engaged in unconscionable conduct by overcharging customers in periodic payment fees for several years.

AAP

GSB non-bank unit to kick off in 2023

The Government Savings Bank's (GSB) non-bank subsidiary is expected to start operation in the second half of next year, says GSB president Vitai Ratanakorn.

Bangkok Post

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Bangkok Post

BBL eager to maintain international loan ratio

Bangkok Bank (BBL) plans to maintain the loan proportion of its international banking business at the existing level of 24-25% of total loans for the next few years, despite the high growth potential of regional markets.

AAP

WBC profit at $5b-plus, rates yet to bite

Westpac has posted an annual profit of $5 billion-plus and says while interest rate rises will bite, many customers remain ahead on their mortgage repayments.

ABC News

How long after missing a mortgage payment does a home get repossessed? A financial counsellor says it doesn't have to come to that

The prospect of the bank repossessing your home is frightening, but it doesn't have to come to that. Here are some things you can to if you're having difficulty paying off your home loan.

Bangkok Post

Vietnam central bank chief says it can provide liquidity to the banking system

HANOI; Vietnam's central bank is willing to provide liquidity to the local banking system, Governor Nguyen Thi Hong said on Sunday, as lenders face pressure from higher interest rates and tightening credit conditions.

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news in one place.

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Liverpool Echo

Urgent warning issued to shoppers with a HSBC account

The bank issued a statement on Friday night

Daily Mirror

HSBC customers' anger after being left without money for hours in major outage

HSBC UK online banking suffered a major outage on Friday night which lasted for three and half hours leaving many people stranded and unable to pay for their shopping or travel

Wales Online

HSBC UK customers unable to pay for meals and shopping due to online banking outage

The bank announced in a 1.37am tweet that the problem had been resolved

Tribune News Service

US Bank CEO wants workers back in the office three days a week

In the ongoing tug-of-war between companies and workers about returning to the office, U.S. Bancorp CEO Andy Cecere recently made a plea to employees to start coming in more regularly.

Tribune News Service

Inflation is ‘insidious’: Bank of America CEO Brian Moynihan talks possible recession

Brian Moynihan took on one of the toughest jobs in the world in 2010: turning around the largest bank in America following a devastating financial crisis.

Caixin Global

China and Pakistan Set Up Offshore Yuan Clearing

South Asian nation becomes third country to do so this year, enabling use of Chinese currency in cross-border trade and investment

Evening Standard

What does the latest interest rate hike mean for me?

Interest rates have gone up to 3% which means people, especially mortgage holders, will face higher borrowing costs.

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