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The Latest Breaking News on Financial Services

One in three Britons still prefer to do banking in person, survey finds

People would rather visit a bank branch to seek human advice as cost pressures mount, a survey found

Wales Online

Third of Britons still prefer to do banking in person, survey finds

People would rather visit a bank branch to seek human advice as cost pressures mount, a survey found.

The Independent UK

US Treasury: World Bank Could Lend $50b More Over Decade With Reform

The World Bank's ongoing reform could result in a $50 billion lending boost over the next decade, US Treasury Secretary Janet Yellen told AFP ahead of stakeholders' meetings next week where key changes are expected to be announced. Central bankers, finance ministers and participants from more than 180 member countries…

Asharq Al-Awsat

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Credit Suisse failure 'would have crashed Swiss economy'

GENEVA: Switzerland’s finance minister says the country’s economy probably would have collapsed had Credit Suisse gone bankrupt.

Bangkok Post

Co-op Bank customers threaten to quit as app goes down again and again

Thousands unable to access their accounts on three Fridays in a row because of problems

The Guardian - UK

Metro Bank risks shareholder revolt over pay increase for top bosses

Glass Lewis urges investors to vote against award, saying 20% hike unjustified given average 5% rise for staff

The Guardian - UK

One of Wales' biggest employers reviewing its office space needs

MotoNovo Finance currently occupies 70,000 sq ft of office space at One Central Square in the centre of Cardiff

Wales Online

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The Week Ahead: Watching for the balancing act by big banks

There are banks and then there are systemically important banks. These banks are too-big-to fail. They are required to maintain certain financial buffers to protect depositors from fast moving markets, concentrated bank investments and guard against putting the broader financial system at risk.

Miami Herald

Banking crisis has increased the odds of recession: JPMorgan CEO Jamie Dimon

WASHINGTON: The US bank crisis that rattled global markets last month is probably nearing the end, even if more unforeseen failures occur, JPMorgan Chase Co Chief Executive Officer Jamie Dimon said.

The Times of India

Digital shareholders meetings could recreate some of the buzz we lost

It’s time to modernise shareholder relations and make AGMs interesting again

The Guardian - UK

GSB unit to offer service nationwide

Mee Tee Mee Ngern, a Government Savings Bank (GSB) subsidiary, plans to offer its land collateral loan service nationwide in June this year, expanding from the 10 major provinces in which it operates at present, says chief executive Isara Wongrung.

Bangkok Post

Information disclosure is the key

Investment this year is fraught with risks. A number of factors, including rising interest rates, high inflation, an economic slowdown and most recently the banking crisis in the US and Europe, have influenced investment sentiment in stock markets since the beginning of 2023.

Bangkok Post

Quality Bank Stocks to Own in the Middle of a Financial Crisis

Amid trepidations regarding the spillover of the banking crisis, investors willing to bank on fundamentally strong and attractively valued banking stocks, Banco Bilbao Vizcaya Argentaria (BBVA), Deutsche Bank (DB), and Société Générale (SCGLY), could be rewarded with impressive gains. Continue reading.

StockNews.com

Opening times for AIB, Bank of Ireland and Permanent TSB over Easter weekend

Here is everything you need to know about bank opening hours over the Easter weekend

Irish Mirror

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Birmingham Post

US finance group swoops for Birmingham Bank

Better said it was now planning to create 40 new jobs in the city on the back of buyout deal

The Times of India

Raghuram Rajan says banking system is headed for more trouble

Raghuram Rajan — the former International Monetary Fund chief economist who predicted the global financial crisis more than a decade ago — warned that the banking system is headed for more turmoil after the rescues of Silicon Valley Bank and Credit Suisse.

Birmingham Post

SWIG Finance named 'business support partner' for British Business Bank scheme

SWIG Finance, which has offices in Truro, Exeter and Bristol, will work with Start Up Loans, part of the British Business Bank

StockNews.com

Avoid These 3 Financial Stocks like the Plague

Rising interest rates usually benefit companies in the financial sector. However, not every financial stock can capitalize on the current interest rate environment. Also, given the financial sector crisis, it could be wise to avoid financial stocks BRP Group (BRP), Marathon Digital (MARA), and Digital World Acquisition (DWAC). Keep reading.

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news in one place.

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Irish Mirror

Drivers receive scam eFlow payment texts with warning issued ahead of Easter weekend

People are bing sent scam text messages asking them to pay an unpaid toll fine

Belfast Live

Bank of Ireland warn of increase in motorway text scams

Easter commuters should be extra vigilant

Dublin Live

M50 toll scam warning as fraudsters target commuters with new motorway smishing

Commuters are receiving text messages including website links that are not genuine and are an attempt to collect banking information

Irish Mirror

Irish Revolut customers urged to update detail after major change to accounts

In line with this change, anyone who is using Revolut for direct debits or other automatic payments from their account is being urged to update the Iban details

The Times of India

India seeks to deepen forex markets with onshore NDFs

MUMBAI: India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore market, according to the central bank.

The New Daily

Reserve Bank alert to higher financial instability risk

Banking turmoil in the US and Europe may be contained for now but the Reserve Bank has warned of ongoing fragility in pockets of the global banking system.

Bangkok Post

Exim Bank vows to take lead in syndicated loans

The Export-Import Bank of Thailand (Exim Bank) is ready to take the lead in offering syndicated loans to Thai firms planning to invest overseas, says president Rak Vorrakitpokatorn.

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