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The Latest Breaking News on Financial Services

HSBC’s ‘better world’ seems to exclude our charity

When we asked the bank to transfer our aid fund assets to a new account it refused

The Guardian - UK

Mystery Death of Arizona Wells Fargo Worker Whose Body was Found at Desk after 4 Days Finally Solved

Many employees were devastated after learning her body was not found for so long

Latin Times

ED attaches Rs 503.16 cr assets across 5 states in Rs 4,037Cr

The Enforcement Directorate (ED) has attached movable and immovable assets located at various places across Maharashtra, West Bengal, Bihar, Jharkhand and Andhra Pradesh valued at Rs 503.16 crore. Read further on Dynamite News:

Dynamite News

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Volkswagen to shut at least three German factories, union warns; Oil price falls 5% after Israel’s attack on Iran – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Sitaraman urges World Bank for affordable & Cheaper Lending

Union Finance Minister Nirmala Sitharaman urges the World Bank to offer more affordable lending with competitive pricing models at its 2024 Annual Meetings. Read further on Dynamite News:

Dynamite News

NatWest: Consumer confidence improving but Budget and US election weighs on mood

The bank revealed it grew its mortgage lending in recent months amid an increase in the number of applications being sent by borrowers.

The Independent UK

Lloyds backs Reeves budget plans despite mooted tax increases

Bank expects ‘constructive, pro-growth agenda’ by chancellor next week and seeks to be part of it

The Guardian - UK

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Fraud network, mastermind in Assam: Inside Oswal cyber fraud case

In the two months since textile baron SP Oswal lost Rs 7 crore to scammers posing as CBI sleuths, the Ludhiana police have identified the “mastermind”, arrested 15 suspects, recovered Rs 4 crore, and claimed to have uncovered a network of scammers spread across Assam, West Bengal, and the Delhi-NCR.

Newslaundry

HSBC splits operations into east and west divisions in major overhaul

Bank will also divide into four businesses as it seeks to cut costs and navigate rising geopolitical tensions

The Guardian - UK

BofA Extends Guaranteed FX Rates Up To One Year, Industry's Longest Tenor

In the 8th year since the bank launched guaranteed FX rates with tenors longer than 24 hours, the solution currently supports more than 200 currency pairings across various tenors, with the 1-year tenor now available for 37 currency pairs.

International Business Times

Faith-based environmental groups take on fossil fuels as 'a sacred duty'

Over the summer, faith-based environmental groups took part in the Summer of Heat, a campaign that organized more than 40 protests at Citigroup investment bank’s headquarters in Lower Manhattan, condemning the bank’s financing of fossil fuel projects

The Independent UK

‘They refused to let me go’: Japanese workers turn to resignation agencies to quit jobs

One in six workers has engaged a firm to hand in notice for them, as younger workers reject traditional work ethic

The Guardian - UK

Concerns over Barclays Tesco Bank transfer

The deal would see BBUK continue to operate the business under the Tesco Bank

The Independent UK

Nine-figure profit shows merging Greater and Permanent was the right move

NGM Group's first full financial year results are in.

Newcastle Herald

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The Guardian - UK

Chancellor summons City bosses to No 11 for infrastructure taskforce relaunch

Exclusive: Rachel Reeves will meet senior City figures on Friday to discuss funding of national investment projects

Evening Standard

Why are mortgage rates rising and when could they fall again?

The Bank of England is still expected to cut its headline lending rate from 5% to 4.75% when its Monetary Policy Committee meets in November

Kiplinger

Stock Market Today: Stocks at Record Highs as Earnings Season Ramps Up

Markets continued where they left off last week amid rising optimism over corporate profits.

Al Jazeera

How did a ‘bank snooping’ scandal ensnare politicians in Italy?

Prime Minister Giorgia Meloni says her opponents want to derail democracy – but is that true?

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news in one place.

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The Independent UK

The bank named in more fraud complaints than any major UK competitor

One Revolut customer said he had £165,000 stolen from his business account by fraudsters

International Business Times

JPMorgan Chase Profits Top Estimates, Bank Sees 'Resilient' US Economy

JPMorgan Chase reported a dip in profits on higher costs Friday while still topping expectations as executives described US consumers as healthy and the economy as poised to avoid recession.

International Business Times

TD Bank To Pay More Than $3 Bn To US In Money-laundering Case

Canada's TD Bank has agreed to pay more than $3 billion in penalties for failing to adequately monitor money laundering by drug cartels, US officials said Thursday.

The Guardian - AU

ANZ joins rivals in cutting fixed mortgage rates – as it happened

ANZ joined rivals in cutting fixed mortgage rate; QLD LNP leader said end of coal before 2030s ‘fanciful’

The National (Scotland)

Pro-Palestine activists target every Barclays ATM in Scottish city

PRO-PALESTINE activists have taken part in targeted action against every Barclays Bank ATM in Glasgow.

The Independent UK

TSB fined £10.9m for ‘woeful’ systems leaving customers at ‘risk of harm’

The Financial Conduct Authority said the bank had inadequate processes between 2014 and 2020 for customers in arrears.

The Guardian - UK

New HSBC boss ‘ready to cut jobs of senior bankers to save $300m’

Reports say Georges Elhedery’s plans part of restructure that would lead to merging global and commercial units

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