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The Latest Breaking News on Financial Services

Permanent TSB warning to customers after increase of 'smishing' and 'vishing' scams

The sophisticated scams manage to gain access to accounts and personal information

Dublin Live

Australian banks hit with payment transfer outage as RBA blames technical error

Reserve bank says system is back up and running on Thursday, and they are working to clear the backlog

The Guardian - AU

Solid decline in East Midlands business activity according to latest NatWest survey

Worrying economic survey came ahead of the full impact of Kwasi Kwarteng's much criticised mini budget

Birmingham Post

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

Health insurer Medibank Private hit by cyber attack

The health insurer says it detected "unusual activity" on its network on Wednesday, and clients will face disruptions.

ABC News

When Chinese protesters came up against Xi's security machine

Jack Yao, a Chinese Communist Party member, never wanted to be an activist.

Reuters

Osko fast payment crash blamed on Reserve Bank technical problem

A major outage of online fast inter-bank transfer system Osko leaves payments in limbo, with the Reserve Bank admitting fault.

ABC News

RBA fesses up to nationwide bank outages

The central bank has blamed a technical error on the industry-wide bank transfer outage that left customers furious.

AAP

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What the Bank of England’s emergency scheme ending means for pensions

The Bank of England confirmed that its bond-buying measures will end on Friday, sparking concern over the stability of pension funds

Chronicle Live

Cliff edge looms for UK’s financial system

BoE’s move to end bond buying is a big gamble given the magnitude of the bind Britain is in

The Guardian - UK

The Bank of England governor plans to stick – but it is a gamble

Andrew Bailey’s tough stance fuels the danger that ending one form of emergency intervention creates a need for a bigger one

The Guardian - UK

Irish spending data paints gloomy picture amid huge drop in people going to pubs and buying treats

The belt is being tightened by millions of people

Irish Mirror

RBI asks entities to stop obtaining ratings from Brickwork Ratings

MUMBAI: The Reserve Bank on Wednesday directed entities falling under its regulations to immediately stop obtaining any new ratings from Brickwork Ratings India, which has been asked by Sebi to wind down operations.

The Times of India

SBI, HDFC offer home loans at 8.40% as part of festive sales

MUMBAI: Despite rising interest rates, leading home loan players SBI and HDFC have announced discounted interest rates beginning at 8.40 per cent as part of their festive offerings.

The Times of India

Economists fire back after Rees-Mogg tries to pin blame on others for mini-budget chaos

Senior Conservative says it was all down to Bank of England’s failure to raise interest rates in line with the US

Wales Online

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Nottingham Post

Nottinghamshire high street bank with 3 regular customers announces closure

Customers will have to travel out of town for service

The Times of India

RBI to tell government why it failed to check inflation since January

NEW DELHI: With inflation staying above the upper tolerance limit for nine straight months, the Reserve Bank will now have to submit a report to the central government detailing reasons for the failure to contain prices and remedial steps to rein in the price rise.

Evening Standard

Bailey must come clean on the way out of this mess

Bank of England Governor insisted pensions emergency bond market intervention would end Friday

Benzinga

Q3 Earnings Season Starts With The Banks: What Investors Need To Know Before Friday

The banks are set to kick off what will be a closely-watched third-quarter earnings season when they report financial results this coming Friday.

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The Guardian - UK

Borrowing costs rise after BoE insists it will soon end bond-buying programme

Price of 20-year UK bonds hit new lows as Bank of England statement rules out considering an extension

The Independent UK

Households struggling with mortgages ‘might reach 2008 peak next year’

The category measures those who spend more than 70% of take-home pay on mortgages and other essentials.

Evening Standard

Gilt yields jump again on confusion over BoE intentions next week

Governor Bailey insists that the emergency buying programme will end this week

Wales Online

Bank of England reveals its scheme to protect market will end on Friday

There were reports it might be extended past Friday

Daily Record

Bank wrongly tells couple they're both legally dead leaving 'mental health in tatters'

Ben Gibson and his wife Gill's nightmare began when they contacted the bank for replacement cards after theirs stopped working, only to be informed they were both dead.

The Independent UK

Bank of England confirms emergency bond-buying scheme will end on Friday

Other measures will continue past 14 October, the Bank said

Daily Mirror

What Bank of England emergency action means for your pension, mortgage and the pound

The Bank of England has been forced to intervene to help pension funds after the Mini-Budget spooked financial markets - but its emergency bond-buying programme is set to end on Friday

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