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UNBELIEVABLE: Business financial services | History Defined

Banks to get grilled on heels of twin scandals

Two big banks' bosses will be probed by MPs the day after one was hit with accusations of overcharging and the other with a $169 million fine.

AAP · 4h ago

Metro Bank up for sale, with billionaire investor in line for £420m windfall

Shares up 7% after announcement as Jaime Gilinski Bacal seeks exit three years after helping to rescue bank

The Guardian - UK · 8h ago

Bank earnings rise 20% in Q2 as lower provisions, healthy income growth support performance: Kotak

Indian banks are projected to benefit from a rising interest rate cycle and favorable loan mix in upcoming quarters. Earnings growth is anticipated to be supported by an increase in net interest income and lower provisions. Private banks are expected to lead in earnings increases compared to public sector banks,…

The Economic Times · 13h ago

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Paraguay partially refunds Ueno Bank depositors after collapse

Paraguay's Central Bank said Wednesday it had partially returned savings to all eligible Ueno Bank depositors, following the lender's collapse last week. The crisis triggered mass protests and the impeachment and arrest of former president Santiago Peña, who is accused of directing government funds to the bank.

France 24 · 17h ago

'Colossal mistake': NAB slammed for $170m underpayment

A hefty bill of nearly $170 million to 66,000 staff by NAB comes after nearly 15 years of underpaying employees.

AAP · 21h ago

What the Removal of Brazil's Top Banco Master Investigators Means for the Supreme Court Probe

Two senior Federal Police investigators were removed from leadership after submitting reports on banker Daniel Vorcaro's contacts with Supreme Court justices, intensifying concerns over institutional independence.

Latin Times · Nov 11

Americans' Credit Card Debt is Almost at $1.3 Trillion, a New Record

U.S. household debt surpassed $19 trillion in the third quarter, with credit card balances reaching a record $1.29 trillion and delinquency rates increasing, according to recent reports.

International Business Times · Nov 11

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Fairfax Financial likely to exit IIFL Finance, sources say

Canada's Fairfax Financial Holdings intends to divest its nearly 11% stake in IIFL Finance soon. The sale aims to raise funds for acquiring a significant stake in IDBI Bank from the Indian government. Fairfax's current share in IIFL Finance is valued at approximately 30 billion rupees, or $320 million. Additionally,…

The Economic Times · Nov 11

Lending to property investors falls at record pace, as Australians fall behind on home loans

Share of CBA customers struggling to repay their mortgages has climbed to 12-year high

The Guardian - AU · Nov 11

Macquarie Bank to pay $14m penalty after confusing ‘welcome rate’ promotion

Asic says customers should not have to check every transaction to ensure they receive the correct interest

The Guardian - AU · Nov 11

Shock decline in mortgage numbers stirs up the banks

The share price of the nation's biggest home loan provider fell in the wake of official data showing new housing loan volumes slumped in the September quarter.

AAP · Nov 10

Your Bank Refuses to Reverse a Wire Transfer — What Are Your Options?

A wire transfer can disappear from a bank account faster than a person can finish explaining why it should never have happened. Unfortunately, getting that money back rarely happens with the same efficiency. If your bank refuses to reverse a wire transfer, you still have options, but the next move…

The Free Financial Advisor · Nov 10

5 Ways Scammers Can Make a Fake Bank Website Look Convincing

A website displays your bank’s familiar logo, uses the same colors as its mobile app, and asks you to enter your username and password. Nothing...

Saving Advice · Nov 10

Paraguay Ex-President's Secret Armoured Vault Discovered Behind Mansion Wall as Police Probe $577K Bank Loans

Investigators uncover a hidden armoured vault at former Paraguayan president Santiago Peña's mansion as they probe his £430,000 Ueno Bank loans

International Business Times UK · Nov 10

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The Guardian - UK · Nov 10

Young people in UK hit by ‘low-gear economy’, warns Bank of England deputy

Exclusive: Iran war has fuelled energy price rise and clouded outlook, driving up unemployment, says Clare Lombardelli

The Guardian - UK · Nov 9

Pat Conaty obituary

Other lives: Charity executive helping people in poverty whose initiatives led to the foundation of National Debtline

Latin Times · Nov 9

R$131 Million Contract, a Private Jet, and Alleged Sex Payments: Inside Brazil's Supreme Court Dossiers

Brazil's Federal Police have completed confidential reports on three Supreme Court justices' alleged ties to jailed Banco Master banker Daniel Vorcaro, leaving the files for review by Chief Justice Edson Fachin.

The Free Financial Advisor · Nov 9

You’ve Overdrawn Your Bank Account – What Should You Do Next?

An overdrawn bank account has a nasty habit of making a small money problem look much bigger. A $12 purchase can leave a negative balance, trigger a bank fee, and potentially complicate payments that haven’t even cleared yet. Suddenly, the account needs more than a quick deposit.

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The Times of India · Nov 9

Texas appeals court denies bank recovery on $29m Ponzi-linked loan guarantee

In a significant legal decision, a Texas appeals court has affirmed a lower court's ruling regarding PlainsCapital Bank's unsuccessful attempt to recoup funds related to a $29 million loan guarantee associated with a Ponzi scheme. Despite the bank conceding contract defenses, the evidence presented was deemed inadequate for the guaranteed…

The National (Scotland) · Nov 9

Is Lloyds down? Thousands of users report issues with app

Lloyds Bank customers report online banking and app outages, with more than 4200 Downdetector complaints

International Business Times UK · Nov 9

Ex-NYPD Officer Charged With Katie Suarez Murder Was Deemed Psychologically Unfit for Marines, Sources Say

Former NYPD officer Sayed Mohassib has been charged with second-degree murder in the fatal stabbing of 28-year-old Katie Suarez during a run in Brooklyn.

The Economic Times · Nov 9

How a digital bank's collapse toppled Paraguay's president Santiago Pena

Paraguay's digital bank ueno bank has collapsed, leading to the freezing of nearly three million customer accounts. This event has resulted in an impeachment of President Santiago Pena, who is now facing serious charges. The central bank had previously put ueno into resolution after discovering breaches of solvency requirements. Public…

The Free Financial Advisor · Nov 8

Your Credit Card Is Closed for Inactivity — Could Your Score Change?

A credit card you haven’t touched in months can suddenly become a credit score problem, even if you’ve never missed a payment. Your issuer may decide the account no longer deserves a place in its lineup, close it, and leave you dealing with the financial consequences.

France 24 · Nov 7

Paraguay’s impeached president charged over business links to bank collapse

Paraguay’s impeached president Santiago Peña was on Saturday charged over his business links to a major online bank whose sudden collapse locked millions of people out of their money and sparked angry protests.

The Guardian - UK · Nov 7

National Trust votes to seek banking partner more in tune with its environmental policies

Charity’s AGM decided overwhelmingly to begin a tendering process amid criticism of current bank Barclays fossil fuel investments

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