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The Latest Breaking News on Financial Services

Scottish business confidence falls in May

While the services sector struggles, confidence among manufacturers increased to a one-year high

Insider UK

Lloyds Bank issues £570 warning to customers

The amount is the average that people who are caught by scams lose

Wales Online

UK bank warns customers of £27m purchase scam warning

Data has shown a surge in purchase scams on both Facebook and Instagram

Manchester Evening News

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HMRC warning to everyone who claims Tax Credits

People are being urged to be vigilant to avoid losing out on their cash

Liverpool Echo

Philip Lowe ‘appalled’ by PwC scandal but says firm will continue to audit Reserve Bank

At an estimates hearing on Wednesday, RBA governor also repeats the bank’s commitment to raising interest rates to reduce inflation

The Guardian - AU

Despite a dip, business confidence in the South West remains high according to latest Lloyds research

According to the latest business barometer hospitality and leisure businesses are hoping bank holidays, rising temperatures and high confidence is the start to a season of early summer spending

Birmingham Post

Why Australian households are divided when it comes to financial pressure, and economists are divided on the outlook

Economists are divided on how well households will weather the storm of rent rises, soaring home loan rates and rising prices, just as Australians are divided in how much financial pressure they're under.

ABC News

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New discount shop broken into less than two weeks after opening

The owner of the 'discount supermarket' worried he would need to sleep in the shop to prevent further break ins

Wales Online

Scots pensioner and business owner lose £410,000 in telephone banking scam

The pensioner was initially asked to transfer £20,000 to an account provided by the scammer before agreeing and being encouraged to set up internet banking.

Daily Record

Delhi HC reserves order on plea against withdrawal of ₹2,000 currency banknotes

The petitioner submitted that the Reserve Bank of India cannot withdraw from circulation or discontinue banknotes and only the Central Government is vested with such powers

The Hindu

Small biz hit by slowing economy, credit crunch

Frustrated and angry, small business owners tell Axios that they've lost trust in the financial system.

Axios

The South Wales town of Risca is getting its own banking hub

A banking hub for the town has been approved by LINK

Birmingham Post

UK bank hits all customers with £570 warning

More and more people who shop online are being left out of pocket

Liverpool Echo

Social media sites are wild west for shopping fraud, says UK bank

Firms ‘should contribute to refunds’ as two-thirds of online scams now originate in Facebook and Instagram

The Guardian - UK

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The Guardian - UK

UK mortgages: ‘How did a £42,500 loan turn into a £477,000 debt?’

A Bank of Scotland offshoot faces questions over loans that shared in the rise in a home’s value. We talk to one of hundreds of families affected

Liverpool Echo

Map of where high street banks are closing in Merseyside

Our special tool shows you the areas where banks are due to shut down

Birmingham Post

NatWest teams up with Warwick Manufacturing Group for new green business initiative

WMG runs programme identifying energy use among businesses which will now be rolled out to bank's customers

The Independent UK

Credit Suisse owes millions to Georgia's billionaire ex-prime minister, court says

A Singapore court says Credit Suisse owes billionaire and former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect his money in a trust pilfered by a manager

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Zenger

Probability That US Banks Will Restrict Cash Withdrawals Is ‘Rising Like Mercury’

The hedge fund manager foresees a change in the banking industry after a chain of events in the banking collapse.

Chronicle Live

Whitley Bay HSBC branch could be given new lease of life as flats

Fears of a derelict building in Whitley Bay town centre may be quelled if the development goes ahead

The Times of India

Police arrest six in fake loan app fraud case in Andhra Pradesh

TIRUPATI: The Kadapa district police wing have arrested six persons in connection with a fake loan app case on Thursday.

StockNews.com

3 Financial Services Stocks Investors Can Profit From

Financial services companies usually benefit in a high-interest rate environment as it helps them boost their profit margins. Moreover, the growing adoption of digital financial services is expected to drive the long-term growth of the financial services industry. Therefore, it could be wise to buy fundamentally strong financial services stocks…

The Guardian - UK

Starling Bank founder steps down as CEO to avoid potential conflict of interest

Anne Boden is also a major shareholder and hopes move will shield online bank from possible concerns

Birmingham Post

Atom Bank appoints former Virgin Money man Lee Rochford as chairman

Mr Rochford helped Virgin Money to float on the London Stock Exchange in 2014

Birmingham Post

Chief executive of Starling Bank stepping down

Swansea-born Anne Boden said she will leave her role next month but remain on the board and partly own the challenger bank

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Dipanjan BanchurSince

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