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The Latest Breaking News on Financial Services

Interest rates surge to 2.25% as UK 'already in recession'

Mortgage payments will go up along with some loan and credit card debts

Wales Online

Interest rates rise by 0.5% as Bank of England says UK ‘already in recession’ OLD REDIRECTED

The UK interest rate is now the highest level since 2008

The Independent UK

Lloyds Bank offers biggest ever switching bonus amid cost of living crisis

Here's how you can get your hands on the money

Liverpool Echo

From analysis to the latest developments in health,
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Swiss National Bank exits negative rates era with 0.75% hike

Switzerland exited the era of negative interest rates on Thursday when its central bank joined others around the world in tightening monetary policy more aggressively to combat resurgent inflation.

Reuters

Lebanon banks will remain shut indefinitely after ‘heists’

Banking association says it’s too dangerous to open after depositors began entering branches and demanding their money.

Al Jazeera

Thousands of Revolut customers have data hacked as banking app releases statement

The Revolut app is popular in Ireland with almost 2 million customers here alone and 20 million worldwide

Irish Mirror

Bank of England says UK in recession as it raises interest rates to 14-year high of 2.25% – business live

UK central bank predicts economy shrank for second quarter in a row, after shops closed and many stayed at home for Queen Elizabeth II’s state funeral

The Guardian - UK

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Mortgage, loan and credit card bills to go up by hundreds of pounds today

Experts are expecting the single biggest leap in rates for 30 years

Wales Online

AP: Probe finds evidence of bank boss' romance with top aide

Investigators say they found evidence a former Trump official who heads Latin America’s biggest development bank carried on a romantic relationship with his chief of staff

The Independent UK

Bank of England set for bumper interest rate hike

The interest rate is set to soar to the highest level since the financial crisis of 2008

Wales Online

Ex-Trump official allegedly threatened to "burn" down development bank over affair charges

The Inter-American Development Bank is a key financial institution for the Western Hemisphere.

Axios

KBank eyes ESG-friendly strategy

Kasikornbank (KBank) is planning a decarbonisation strategy in line with the global environmental, social and governance (ESG) trend, with the bank stopping lending to the coal sector.

Bangkok Post

China Is Quietly Trying to Dethrone the Dollar

Regional groups and small banks are helping insulate Beijing against sanctions.

Foreign Policy

Lebanon’s ‘Wonder Woman’ in hiding after bank heist

Sali Hafiz has been lauded as a hero in Lebanon after she entered a bank with a replica gun and demanded her money.

Al Jazeera

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The Independent UK

Iran targeted by apparent cyberattack amid protests

The website of Iran’s Central Bank was briefly taken down as the Anonymous hacking group claimed to have targeted websites of several state agencies

Reuters

On the run, Lebanese woman who stole own savings says she's not the criminal

On the run from authorities after forcing a bank to release her family savings at gunpoint to treat her cancer-stricken sister, 28-year-old Lebanese interior designer Sali Hafiz insists she is not the criminal.

Reuters

With fresh firepower, brutal bank thieves blitz small-town Brazil

Shortly before dawn in late June 2019, a heavily armed crew of bank robbers rammed a truck into the Brazilian city of Uberaba's main Banco do Brasil branch. They left the building several hours later with around $5 million dollars in cash.

Daily Record

Martin Lewis issues urgent credit card and loan warning to everyone with an outstanding balance

If you are struggling to pay off your debt this may be a solution.

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news in one place.

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Al Jazeera

‘Risks loom large’: Asian Development Bank cuts growth forecast

Manila-based development bank lowers the growth forecast for 2022 from 5.2 percent to 4.3 percent.

The Guardian - UK

Economists call for radical shakeup of Bank’s interest rate committee

MPC is dominated by people with little ‘real world’ knowledge and prone to groupthink, says ex-committee member

The Guardian - AU

Reserve Bank of Australia reports loss of $37bn and plans to cut dividends to Treasury

Central bank in negative equity after 2021-22 loss, a review of its pandemic bond-buying program has found

ABC News

Westpac to close four branches across regional WA as Bankwest reduces opening hours

Bank customers across regional WA face more branch closures and reduced opening hours as Westpac announces more closures and Bankwest moves many branches to two or four-day openings.

The Hindu

Karnataka HC directs Mantri Developers to return money and discharge loan outstanding of litigants who cancelled flat bookings

Court restrains financial institution from acting against borrowers, allows it to recover outstanding from the builder

The Times of India

RBI removes Central Bank of India from corrective action list

MUMBAI: The Reserve Bank on Tuesday said Central Bank of India has been removed from the Prompt Corrective Action Framework (PCAF) watchlist following improvement in various parameters and a written commitment that the state-owned lender will comply with the minimum capital norms.

AAP

Bankwest to close east coast branches

About 120 staff members are expected to be affected when Bankwest closes its remaining non-West Australian branches by the end of October.

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