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The Latest Breaking News on Financial Services

Will the FDIC Raise the Deposit Insurance Limit?

Recent failures have some banking experts and policymakers asking whether it’s time to raise the FDIC deposit insurance limit.

Kiplinger

Bank employees keen on early start to wage talks, says BEFI leader

Bank employees numbering several lakh, across public, regional rural and old generation private banks in the country, are keen on an early start to the next round of wage negotiations between the unions that represent the workforce and Indian Banks’ Association (IBA)

The Hindu

Barclay family make last-ditch bid to keep control of Telegraph newspapers

Offer to write off some of the nearly £1bn owed by publisher submitted to lenders Lloyds Banking Group

The Guardian - UK

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Barclays’ sale of Daily and Sunday Telegraph could take months to complete, warn banks

Sale is set to a spark bidding war amid debts of £1 billion

Evening Standard

Receivers kick Barclays off board as they put Telegraph and Spectator up for sale

The newspaper could fetch a £600 million price tag

Evening Standard

Telegraph and Spectator titles set to be auctioned off by Lloyds Banking Group

THE Telegraph newspapers and The Spectator magazine are due to be put up for auction within days amid a bitter row between the title’s…

The National (Scotland)

Former Bank of Ireland building in South Belfast to be given new lease of life as retail store moves in

The branch closed its doors back in 2021

Belfast Live

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Martin Lewis' Monday Saving Expert shares how NatWest and HSBC will give new customers £200 free cash

Banks including First Direct, NatWest, HSBC and Lloyds are offering people money to switch to them

Bristol Post

Telegraph owner ‘on verge of administration’

The Telegraph newspapers and The Spectator could be put up for auction imminently with a £600 million price tag

The Independent UK

Telegraph owners deny business poised for administration due to unpaid loans

Lloyds Banking Group is said to be threatening to call in administrators for the parent firm of the Telegraph newspapers as it looks to recover loans.

The Independent UK

Barclays' West Bridgford branch to close due to lack of regular customers

The multinational bank has decided to close its West Bridgford's branch in Tudor Square on Thursday, June 15

Nottingham Post

Commonwealth Bank fined $3.5m for breaching spam laws

The communications watchdog has imposed a record fine on the Commonwealth Bank for sending out millions of marketing emails that breached spam laws.

The New Daily

NatWest and Edinburgh University launch new innovation centre

The five year project will be funded for the first two years by a £2m commitment from the banking group

Insider UK

Telegraph parent company faces being put into administration

Speculation revived about ownership of media group as talks with Lloyds over £65m loans break down

The Guardian - UK

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The Independent UK

Epstein survivors write blistering letters to JPMorgan executives demanding they admit what they know

‘Does anybody at JPMorgan have a conscience?’ Courtney Wild asked in a personal letter to a senior bank executive

The Guardian - AU

Death of the cheque by 2030 as Australia embraces digital payment reforms

Jim Chalmers says phasing out will be ‘gradual, coordinated and inclusive’ as he announces modernisation plan

Daily Record

Last bank branches in Dunkeld and Crieff to close permanently in blow to local residents

The Bank of Scotland is shutting a number of outlets across the country due to a rapid fall in in-person usage

The Hindu

Economic offences are a modern threat to development of the country: Madras High Court

Observing that economic offences were a modern threat to the development of the country, the Madras High Court has refused to allow businessman ‘Aircel’ C. Sivasankaran to visit Seychelles as well as France as he was facing multiple cases that were being investigated by the Central Bureau of Investigation (CBI),…

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Birmingham Post

Barclays to relocate to Bank House in Newcastle city centre

The banking giant is moving from its Quayside base into the new office tower later this year

Daily Record

Man locked down in bank after trying to withdraw £15,000 from account amid row with staff

Police raced to a HSBC bank in Huddersfield town centre last Friday at around 11.35am over reports of an incident involving a male customer.

Edinburgh Live

Elderly couple at risk of homelessness after 'banking error' linked to Scottish home

Bernard and his wife Lea say they have lost tens of thousands of pounds from the sale of a property due to 'mismanagement' from RBS. They claim they have been left financially 'ruined'

Daily Record

Full list of bank branches due to close before end of this year including 16 across Scotland

Nearly 70 branches of Bank of Scotland, RBS, Barclays, Lloyds, Halifax and HSBC are closing across the UK.

The Independent UK

Fifth of young adults ‘would choose a bank based on having a branch nearby’

Just over a quarter of young adults want a bank that provides them with detailed budgeting and analysis of their spending, according to a survey.

The Times of India

Tripura court convicts 4 including police inspector to life on murder charge

AGARTALA: District and Sessions Court of West Tripura on Saturday convicted four accused including a police inspector in the sensational bank manager murder case in Agartala in August 2019 to rigorous life imprisonment.

Kiplinger

Chase Bank Reports Duplicate Zelle Payments Glitch

Chase bank confirmed customer complaints about a Zelle payments glitch registering duplicate transactions.

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