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The Latest Breaking News on Financial Services

Thailand's top three banks have combined non-performing loans (NPLs) of more than US$9.6 billion, the highest in Southeast Asia, but Thai banks overall still have a high level of reserves for bad debts, says the Federation of Thai Capital Market Organizations (Fetco).

Bangkok Post

Nigel Farage says he cannot open UK bank account due to prejudice against him

NIGEL Farage has said he has been left unable to open a UK bank account because of his political opinions.

The National (Scotland)

NS&I exceeded its financing target following US banking sector uncertainty

NS&I, which is backed by the Treasury, said it unexpectedly received a number of high-value deposits at the very end of the financial year.

The Independent UK

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Sri Lanka declares five-day holiday to avoid bank run over IMF debt deal

Banks closed to prevent rush on desposits as IMF bailout deal is put to parliament

The Independent UK

Russian bank executive, 28, dies in mystery plunge from window of her Moscow apartment

Kristina Baikova, who was the vice-president of Loko Bank at the age of just 28, fell out of the apartment window on in Moscow on the evening of June 23

Daily Mirror

Banks unveil plans to boost savings rates

First Direct said it had reviewed its interest rates ‘to ensure our customers receive a competitive return’.

The Independent UK

Plans to convert bank in the heart of Bedminster into new home for 60 people

The project will also include the pharmacy and a closed-down bookmakers next door

Bristol Post

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Handelsbanken rings up 15 years in Grimsby with expansion to Europarc

'A great endorsement of future investment, with bigger premises to serve the people and businesses of Grimsby'

Birmingham Post

Federal Reserve may tighten financial rules after US bank failures, Powell says

Federal Reserve Chair Jerome Powell says the central bank may have to tighten its oversight of the American financial system after the failure of three large U.S. banks this spring

The Independent UK

Ant Group supports local partners on inclusive financial services

Ant Group continue to support its local partners in Thailand to develop inclusive financial services i.e cross-border payment solution, virtual bank etc. for local consumers and business communities. However, the company is mainly focusing on cross-border payment solution in the Thai market, said general manager for global merchant partnership of Thailand…

Bangkok Post

Fitch Ratings registers interest in virtual banks

Fitch Ratings believes there is significant interest and momentum in Thailand's virtual bank application process, even though the timeline has been extended.

Bangkok Post

ED attaches assets worth ₹517.81 crore of SKS Ispat & Power Ltd

The Enforcement Directorate has attached assets worth ₹517.81 crore of SKS Ispat & Power Ltd in the form of land, building, plant and machinery, in connection with an alleged bank fraud case of ₹895.45 crore involving Cethar Ltd.

The Hindu

Martin Lewis' Money Saving Expert reveals free £200 cash hack - but you'll have to act fast

HSBC is offering the cash sum to new customers who switch to its HSBC Advance current account by Monday coming (July 3).

Chronicle Live

Martin Lewis' MSE urges Brits to cash in on free £200 - but you need to act fast

The Money Saving Expert newsletter is urging Brits to take advantage of a cash bribe for new customers to open an Advance current account before Monday, July 3.

Edinburgh Live

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Daily Mirror

Martin Lewis’ MSE explains how to get free £200 - but you need to be quick

HSBC is offering the cash bribe to new customers who switch to its HSBC Advance current account by Monday (July 3) - here is everything you need to know

The Times of India

Indian economy makes solid recovery despite global headwind: RBI governor Das

MUMBAI: Reserve Bank governor Shaktikanta Das on Wednesday said that the Indian economy has made a solid recovery and is among the fastest-growing large economies despite heightened uncertainties and formidable headwinds.

Bangkok Post

Baht at 7-month low on political uncertainty

The Thai baht weakened to a seven-month low on Wednesday as political uncertainty dampened investor appetite, while most other emerging Asian currencies also depreciated against a firmer dollar after resilient US data eased recession concerns.

Bangkok Post

BoT eases forex rules for stability

The Bank of Thailand plans to further relax foreign exchange regulations to balance capital flows, seeking to stabilise the exchange rate over the long term.

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Chicago Sun-Times

Woman gets three years for helping brother hide more than $300,000 after collapse of Bridgeport bank

Jan Kowalski pleaded guilty last year to concealing assets from a bankruptcy trustee. She helped her brother, Robert Kowalski, hide more than $357,000 while representing him as an attorney in bankruptcy court.

Daily Record

Buttons and Bows Baby Bank marks first year of meeting family needs at Perth City Centre address

Supporters of Perth's Buttons and Bows Baby Bank met to share cake and to celebrate the charity's remarkable journey helping local families get the essential kit they need

Kiplinger

The Best Banks of 2024

Kiplinger's list of the best banks, based on interest rates, fees and other features.

The Independent UK

Judge approves $290m settlement in suit accusing JPMorgan of ignoring Jeffrey Epstein sex trafficking

Bank denies enabling any crimes

Zenger

Silicon Valley Bank Collapse Turned Into Musical Comedy By Composer

Software engineer Mauricio Costa draws inspiration from Lin-Manuel Miranda for 'The Valley' musical

The Guardian - UK

£5m Surrey mansion at centre of row over Russian bank sanctions loophole

Lawyers claim the assets of a Russian banker accused of fraud can be legally sent to a bank controlled by Vladimir Putin

Daily Mirror

Lavish homes of fatcat bank bosses tackling mortgage crisis - including £12k treehouse

Top bankers advising on the home loan crunch have been revealed as multi-million pound homeowners with no mortgages and 'woodland-type' gardens, while many families struggle to make ends meet.

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