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The Latest Breaking News on Financial Services

AIB offers all staff who experience domestic abuse 10 paid days off

Those working at the bank will also be provided with five days paid emergency hotel accommodation at the company’s expense if affected

Irish Mirror

HSBC UK chief executive encourages people struggling financially to seek help

Ian Stuart was speaking as the bank announced a new initiative with housing charity Shelter to support the financial health of people and communities.

The Independent UK

Bank panic leads to £55 billion in outflows at fallen giant Credit Suisse

Extent of bank run highlights City job fears into the shotgun marriage with UBS

Evening Standard

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RBA rate calls still face potential parliament veto

The RBA's reviewers have called for greater independence for the central bank but say the government will still be able to step in if the board goes rogue.

AAP

Baht all safe and sound

While the recent banking debacle in the US and Europe sparked fears about a contagion spreading worldwide, the head of Thailand's Deposit Protection Agency (DPA) said since the agency's establishment in 2008, Thailand has never been close to requiring action to protect deposits.

Bangkok Post

Why Investors Should Avoid Buying the Banking Sector Dip

Even though things appear to have settled after SVB's collapse, that doesn’t mean all is clear. Consider options like healthcare and consumer staples instead.

Kiplinger

Corporate lawyer quits high-flying career to help poor in Pakistan over Ramadan

Phil Bland has given up his corporate banking job to travel the world making YouTube videos and spent Eid giving thousands of pounds in tips to delivery drivers.

Daily Record

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Banks line up to reassure investors as season of turbulence subsides

First-quarter results for the UK’s big four will vary by exposure to volatile markets, but the boost from high interest rates won’t last

The Guardian - UK

JP Morgan execs reportedly maintained contact with Epstein after dropping him as client

Bank’s links to sex offender financier deeper than previously known, as it faces lawsuit brought by US Virgin Islands

The Guardian - US

Lloyds Bank warns customers could lose out on £110 in scam

Harry Styles was one of the artists reportedly targeted

Nottingham Post

Lush Edinburgh family home with fairytale garden on market for almost £1million

A five-bedroom townhouse in the sought-after area of Comely Bank in Edinburgh has gone on the market for almost £1 million, complete with a fairytale back garden.

Edinburgh Live

Listed banks post 13% Q1 profit hike

Net profit for the banking industry grew 13% in the first quarter thanks to improving business operations, despite setting higher loan-loss provisions amid global economic risks.

Bangkok Post

Bridgeport bank failure proves costly for FDIC, a CPD officer faces dismissal and more in your Chicago news roundup

Today’s update is about an eight-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

3 Overvalued Stocks to Sell in April

The recent collapse of Silicon Valley Bank, which has resulted in a credit crunch, and the rise in new claims for unemployment benefits have created a gloomy outlook for the economy. In light of investors' increased aversion to risk, it might be wise to avoid KKR & Co. (KKR), Hess…

StockNews.com

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Los Angeles Times

Michael Hiltzik: Love it or hate it, the Silicon Valley Bank bailout won't cost taxpayers a cent

What's the dirtiest word in financial policy?

Evening Standard

Cheerier finance chiefs still worried about troubles ahead

Survey of normally cautious CFOs find them at their most bouyant since 2020

The Independent UK

Shocking video of fatal attack on wealthy banker released

Paul Mason, a boss at Qatar National Bank, was set upon in the street after enjoying an evening with friends.

StockNews.com

These Bank Stocks Could Be a Bad Bet for April

Although it seemed like the financial industry had stabilized after the recent bank failures, the U.S. banking industry faces several headwinds. Amid this backdrop, it could be wise to avoid fundamentally weak bank stocks M&T Bank (MTB), The PNC Financial Services Group (PNC), and Comerica (CMA). Keep reading….

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The Independent UK

Credit Suisse investors sue after facing billions in losses

A group of Credit Suisse investors have sued Swiss financial regulators after a government-engineered takeover of the struggling bank by rival UBS left them with billions in losses

The Independent UK

iSpoof fraudster behind bank warning scam that stole £100 milllion from victims worldwide

Tejay Fletcher, 35, has pleaded guilty to the Metropolitan Police’s largest-ever fraud investigation

Irish Mirror

Full list of 63 Ulster Bank branches closing today as advice issued to remaining customers

Ulster Bank's exit from the Irish market is almost complete

The New Daily

Consumer watchdog turns up heat on banks over savings rates

The ACCC is turning the spotlight on banks over interest rates – especially those paid to savers as borrowers are increasingly slugged.

Liverpool Echo

Lloyds Bank issues £110 warning to all customers

People are being targeted and losing out on hard-earned cash

AAP

Financial pain not over by any stretch as fears mount

Financial stress levels are low but an unexpected expense can easily push borrowers over the edge, Australian Banking Association head Anna Bligh says.

The New Daily

Coalition, Labor at odds over RBA board appointments

As the Albanese government seeks to enact the recommendations of a review of the Reserve Bank, the coalition has queried two new appointments.

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