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The Latest Breaking News on Financial Services

Social Security payment change will affect 3.6 million beneficiaries: What Direct Express users need to know

Millions of Social Security beneficiaries who receive their monthly payments through Direct Express prepaid debit cards are set to experience an important administrative change. The US Department of the Treasury has begun transitioning the Direct Express programme from Comerica Bank to Fifth Third Bank, which will become the new financial…

The Times of India

How smarter use of digital banking could save you thousands of pounds

Financial experts explain how money can be saved by using banking apps to get better credit card and mortgage deals plus debt and investment advice.

The Independent UK

Ascend Bank aims for July launch

Ascend Bank, the virtual bank backed by Charoen Pokphand (CP) Group, is expected to debut in July, says Suphachai Chearavanont, senior vice-chairman of CP Group and board chairman of True Corporation.

Bangkok Post

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JPMorgan CEO Says Company Could Spend $20 Billion on Acquisitions

JPMorgan CEO Jamie Dimon said that "There might be, in the next couple years, a chance to put $10 [billion] or $20 billion to work buying something."

International Business Times

Government ‘fully committed’ to releasing Mandelson files amid further reports

It comes after Parliament’s intelligence watchdog accused the Government of withholding certain documents.

Evening Standard

Scam victims to get automatic financial compensation

Up to $3000 will be reimbursed to Australians who lose money through simple scam operations in order to lower the cost of investigations.

AAP

Clicx unveils next-generation banking vision

Clicx Bank, Thailand's first virtual bank licence holder, is scheduled to launch its mobile application on June 19, aiming to tap underserved customers.

Bangkok Post

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Sansiri, SCB eye young affluent homebuyers

SET-listed developer Sansiri has partnered with Siam Commercial Bank (SCB) to increase sales of residential units priced more than 10 million baht, targeting young affluent homebuyers who are not existing SCB wealth clients, with a goal of generating 13 billion baht in sales within one year.

Bangkok Post

Islamic Bank of Thailand targets B8bn in loan growth

The Islamic Bank of Thailand (IBank) has set a loan growth target of 8 billion baht this year, up from more than 6 billion baht registered last year, according to the bank's chief.

Bangkok Post

Bank of America Warns Investors to Brace for a 'Summer Correction' As Stocks Continue To Rally

Bank of America said the S&P 500 has already reached the bank's year-ahead target of 7,430, raising concerns that the market may be overheating after months of relentless gains.

International Business Times

FED:Banks on notice as Westpac fined for failing clients

Banking giant Westpac has been slugged with a $26 million penalty for failing to support customers in need, a decision an expert says sends a clear message.

AAP

Banks on notice as Westpac fined for failing clients

Banking giant Westpac has been slugged with a $26 million penalty for failing to support customers in need, a decision an expert says sends a clear message.

AAP

Eight in 10 UK firms suffering hit from Iran war: ‘Uncertainty has become the norm’

Twenty per cent of companies overall are pausing investment against a backdrop of geopolitical uncertainty in a sign of the impact of the war on the UK economy

The Independent UK

Monthly borrowing for stimulus

The Finance Ministry is preparing to gradually borrow funds for the "Thais Help Thais Plus" programme, says finance permanent secretary Lavaron Sangsnit.

Bangkok Post

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Bangkok Post

New subsidy sparks surge in sign-ups

The government hailed the overwhelming first-day response to its new 'Thais Help Thais Plus' co-payment subsidy scheme, with more than 23 million people registering within hours.

Bangkok Post

GSB launches cheap loan programme for small firms

Government Savings Bank (GSB) kicked off a low-interest loan programme yesterday for small and medium-sized enterprises (SMEs) to support working capital and business expansion, helping entrepreneurs cope with economic volatility.

Bangkok Post

KBank on track for SME loan growth

Kasikornbank (KBank) expects its small and medium-sized enterprise (SME) loans to post positive growth this year, after recording growth in the first quarter despite an overall contraction in lending.

The Guardian - UK

Metro Bank investors urged to reject executive pay report

Bonus scheme that could hand CEO a £60m windfall is ‘significantly out of line’ with market, says proxy adviser

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Newsroom.co.nz

The NZ firm that helped high-risk clients move millions

Today from The Detail: The big story of a tiny New Zealand company that's made front page news on a website exposing international organised crime and corruption

AAP

EMGA arranges USD 15m financing for Asia Alliance Bank from OeEB

LONDON, May 21, 2026 (GLOBE NEWSWIRE) -- Emerging Markets Global Advisory LLP is delighted to announce yet another closing in Uzbekistan having secured funding from OeEB, the Development Bank of Austria, to support Asia Alliance Bank.Commenting on the transaction, Asia Alliance Bank’s CEO, Mr. Umidjon Abduazimov, said: “This new USD…

Bangkok Post

Exim Bank raises export growth projection to 7%

The Export-Import Bank of Thailand (Exim Bank) has raised its export growth forecast for this year, following a 17% surge in shipments during the first quarter.

International Business Times

The Private Banking Model is Broken: BankPro is Building What Comes Next

A wealth manager overseeing a dozen client mandates should not be assembling reports from three different spreadsheets. Yet for a significant portion of institutional and high-net-worth clients worldwide, this is still the daily reality of working with a legacy private bank.

Bangkok Post

Bad loan pressure shifts to vulnerable borrowers

New non-performing loans (NPLs) in the banking sector declined in the first quarter this year as banks became more cautious in extending credit, while re-entry NPLs continued to rise, driven by vulnerable borrower segments, according to the Bank of Thailand.

Bangkok Post

Working capital helps drive loan growth

Total lending in the banking industry in the first quarter grew for the first time in two years, driven by working capital loans aimed at helping customers manage rising costs.

The Guardian - UK

NS&I to contact bereaved families owed £367m after missing savings scandal

The bank’s interim chief executive says ‘this issue should never have happened’, but warns it may take time to process claims

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