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The Latest Breaking News on Financial Services

2 Nigerians held for cyber-looting Manjeri coop. bank

Fraudsters steal ₹70 lakh from four accounts of the bank

The Hindu

Plans for shared banking hub in Moray after last branch closes

A SCOTTISH minister has welcomed plans for a shared banking hub in Forres following the recent closure of the last bank branch in town.

The National (Scotland)

Australia central bank lifts cash rate to 2.35% in 5th hike

Australia’s central bank has boosted its benchmark interest rate for a fifth consecutive month to a seven-year high of 2.35%

The Independent UK

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How much extra could mortgage repayments cost now the cash rate is 2.35 per cent?

Tell us your loan size, term and interest rate, and our mortgage rate rise calculator will work out how much more you may have to pay on your loan.

ABC News

RBA interest rates: Reserve Bank raises official rate to 2.35% amid inflation fears

The RBA decision brings the cash rate to the highest level since 2015, with mortgage holders set to face higher repayments

The Guardian - AU

Feds, defense lawyers argue over Russell Laffitte’s money and role in Murdaugh’s schemes

COLUMBIA, S.C. — Former Hampton banker Russell Laffitte, who faces some 30 years in prison in connection with Alex Murdaugh’s alleged fraud schemes, should not have his current bond conditions relaxed, federal prosecutors said Aug. 31 in a new filing they say shows the seriousness of his crimes.

Tribune News Service

HSBC, First Direct and Metro Bank join anti-scam phone service

The 159 service quickly and securely connects the public with their bank if they believe they have been a target of fraud.

The Independent UK

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Four more banking hubs announced for Scotland

Last year's pilot project in Cambuslang has proved very popular with the local community

Insider UK

McKim calls for Lowe to stand down – as it happened

This blog is now closed

The Guardian - AU

CBA warns of mortgage lags as Reserve Bank set for another super size interest rate rise

The Commonwealth Bank is warning of the risk a three-month mortgage lag poses to the economy if the Reserve Bank keeps raising interest rates aggressively.

ABC News

Woman 'blamed' by bank after thieves went on £8,000 shopping spree with her cash

Chiswick gym-goer Charlotte had her locker raided while exercising - by criminals who stole her wallet and then went on an £8,000 shopping spree

Daily Mirror

Dad becomes 25th richest man in world after receiving £43bn in banking error

Darren James only realised the staggering fortune was in his account after receiving a call from his stunned wife.

Daily Record

Exec who sued for £800,000 after boss asked her to babysit loses harassment case

The tribunal ruled the comment was just a joke

Wales Online

China policymakers see renewed urgency for economic support

Chinese policymakers signalled a renewed sense of urgency on Monday for steps to shore up the flagging economy, saying this quarter was a critical time for policy action as evidence points to a further loss of economic momentum.

Reuters

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Asharq Al-Awsat

Money Transfer Firms Replace Banks in Lebanon

Like many people in crisis-hit Lebanon, Elias Skaff used to wait for hours to withdraw cash at the bank but now prefers money transfer companies as trust in lenders has evaporated, AFP reported. Anyone who relies on traditional banks to receive their money "will die 100 times before cashing it",…

AAP

Mortgage holders brace for rates decision

All eyes will be on the Reserve Bank of Australia's official cash rate announcement on Tuesday as new data sheds light on the state of the economy.

Irish Mirror

Hollyoaks' Adam Rickitt in tears as scammers steal 'tens of thousands of pounds'

Adam Rickitt warned Instagram followers about a scam he had been caught up in, which resulted in him losing enormous sums of money. The actor said that the fraudsters 'knew everything' about him and his banking history

Chicago Sun-Times

Wells Fargo ordered to pay $22 million to fired manager

The U.S. Labor Department said the bank retaliated against the ex-employee for alleging that its business practices violated laws.

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news in one place.

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Irish Mirror

AIB issue urgent warning to all Irish customers as new tricks fooling bank users

Scams are on the rise and people are being left out of pocket

Birmingham Post

Trading confidence in Wales tumbles as cost of doing business crisis takes hold

Business confidence fell to 1% last month among Welsh firms

Reuters

Two Chinese financial officials in Liaoning province expelled from Communist party

Two former financial regulating officials in northeast China's Liaoning province have been expelled from the Communist Party and dismissed from public office for bribery and corruption, China's banking and insurance regulator said on Thursday.

AAP

Fraud trial jury told of anonymous letter

An alleged NAB fraudster had nothing to do with the recruitment of ex-premier Mike Baird except for greeting him at hotel meeting, jury told

Birmingham Post

South West business confidence rebounds amid economic turmoil

Business leaders in the region remain optimistic about the state of the economy over the next year

Insider UK

Scottish Financial Enterprise announces new chair

Incumbent Philip Grant is stepping down as he also retires from a 40 year career in financial services

The Guardian - UK

How could my NatWest current account disappear from the app?

Cards, cheques and direct debits are lost and fees are mounting

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