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The Latest Breaking News on Financial Services

New banking hub locations revealed - is there one near you?

The rise of banking hubs is in response to a stream of local branch closes. With more planned to launch soon, we look at what services they offer and where you can find one

The Money Edit

Closure of historic Lloyds branch will leave entire Welsh community without a bank

'This is the last bank branch in the Gwendraeth Valley, and I am particularly concerned about the impact this closure is going to have on the elderly and vulnerable'

Wales Online

UK extends plan to sell off its shares in NatWest by another two years

Recent banking turmoil fuels decision to extend trading plan for second time to 2025

The Guardian - UK

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RBS bank closure sparks anger as Johnstone councillor says customers should leave them

The Renfrewshire town will be left with just one banking branch later this year.

Daily Record

Finance Your Next Vacation With These 3 Stocks

Although the recent bank failures are playing on investors’ minds, one must not deter from investing in the financial sector. Investors could benefit from buying fundamentally strong financial stocks Everi Holdings (EVRI), Forrester Research (FORR), and CPI Card Group (PMTS), given their solid growth prospects. Keep reading.

StockNews.com

Egypt's Net Foreign Assets Drop by $1.3 Bln in February

Egypt's net foreign assets (NFAs) declined by 49.8 billion Egyptian pounds in February as pressure on the currency continued to build. The second drop in as many months took NFAs to a negative 704.23 billion Egyptian pounds from minus 654.43 billion at the end of January, the Central Bank of…

Asharq Al-Awsat

Rebalance your portfolio

Investors have been keeping an eye on assets offering a decent return this year amid global market volatility and an economic slowdown.

Bangkok Post

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US Virgin Islands subpoenas four top businessmen in Epstein banking inquiry

Sergey Brin, Thomas Pritzker, Mortimer Zuckerman and Michael Ovitz face questions about late sex criminal’s links with JP Morgan

The Guardian - US

Edinburgh city centre Bank of Scotland joins list of local branches set to close

The Old Town branch joins the likes of Barnton and Shandwick Place in closing down in the coming months. The difficult decision has been made due to the changing habits of customers

Edinburgh Live

Maharashtra: ED seizes assets worth Rs 6.69 crore in bank loan cheating case

Enforcement Directorate (ED) on Friday attached assets worth Rs 6.69 crore belonging to Kunal Gandhi, partner of Magnum Steels, Mumbai and his family members in a bank loan cheating case. Read further on Dynamite News:

Dynamite News

Credit Suisse takeover hits heart of Swiss banking, identity

Analysts say the UBS takeover of embattled rival Credit Suisse has shaken Switzerland’s self-image and dented its reputation as a global financial center

The Independent UK

Michael Hiltzik: How Trump's frenzy of deregulation killed Silicon Valley Bank

Late in 2018, two Trump-appointed banking regulators, Federal Reserve Vice Chair Randal Quarles and FDIC Chair Jelena McWilliams, went on a nationwide tour to meet with regional bank examiners.

Los Angeles Times

Building a digital bank with a human touch

Siam Commercial Bank (SCB) is moving towards digital banking services, though the 117-year-old financial institution still believes in a combination of human quality and technological efficiency, describing its strategy as a "digital bank with a human touch".

Bangkok Post

Asian shares gain as bank worries ease

RECAP: Asian stock markets advanced yesterday as investors' focus shifted from worries about the global banking system. That followed a revival on Wall Street, where rate-sensitive property and technology stocks led gains on Thursday.

Bangkok Post

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StockNews.com

Bank Turmoil Is a Boon for Tech: The No. 1 Tech Stock to Own

With confidence in the banking industry shaken, Bel Fuse (BELFB) is a fundamentally strong stock in the of-late avoided technology sector, to which capital could be redirected for impressive risk-adjusted return. Continue reading….

Miami Herald

The Week Ahead: What difference will a month with two bank failures make for jobs?

Thirty days ago, few Americans knew what Silicon Valley Bank was or worried about their own bank accounts. Thirty days ago, the Federal Reserve had one fight on its hands: inflation. Thirty days ago, investors were buoyed by decent economic data — but not too strong — supporting confidence the…

StockNews.com

3 Stocks That'll Survive Any Recession

Market experts continue to fear that higher interest rates from the Federal Reserve and the potential for a credit crunch might tip the economy into a recession. Given this backdrop, quality stocks Oracle Corp. (ORCL), Vertex Pharmaceuticals (VRTX), and Humana (HUM) have solid fundamentals that could help them survive a…

Insider UK

Full list of NatWest, Lloyds, Halifax, Bank of Scotland and RBS branches to close

More than 80 sites across the country are expected to shut between July and November

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Evening Standard

Silicon slump? How worried should we be about another financial crisis?

The collapse of Silicon Valley Bank has raised the spectre of another financial crisis. As the contagion appears to be spreading, Samuel Fishwick investigates how spooked we should be feeling

Manchester Evening News

Town to be left with only two banks after NatWest make 'disappointing' decision

The bank confirmed this decision just six months after announcing they would be closing 43 banks across the UK.

Asharq Al-Awsat

ICJ Rejects Iran's Bid to Release Assets Frozen by US

The International Court of Justice (ICJ) has rejected Iran's legal bid to release about $2 billion owned by the Markazi Bank frozen by the US. The Associated Press reported that the largest part of the case focused on Bank Markazi and its frozen assets of $1.75 billion in bonds and…

Chronicle Live

'I hope this is not a slippery slope of things to follow' - Whitley Bay Natwest branch is third bank set to close in town

Natwest is the third bank to announce closure in Whitley Bay since December 2022.

Nottingham Post

Lloyds announces branch in Carlton among dozens of banks to close

No jobs will be lost

Insider UK

Business confidence continues to rise in Scotland

Scottish companies report higher confidence in their own prospects month-on-month in March

Wales Online

Extinction Rebellion protesters return to Cardiff bank minutes after being fined by court for lock-in there

The Extinction Rebellion protesters displayed the message, 'Barclays are the real criminals' outside a Cardiff city centre branch of the bank, while dressed like prisoners

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