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FORGOTTEN HISTORY: 88 - Caught on Camera

Unlicensed ‘bank’ CEO’s Commons invite stokes access concerns

Vulnerability of MPs’ groups to influence of private firms highlighted by appearance at blockchain inquiry

The Guardian - UK

Westpac reverses decision to close eight regional branches as senate inquiry continues

Months after postponing the closures because of an ongoing Senate inquiry, the bank has announced that branches in several states will remain open indefinitely.

ABC News

Majority of People Prefer Traditional Banks Over Online Banks

A new study found that 83% of respondents prefer traditional banks over digital-only, largely due to face-to-face service.

Kiplinger

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3 Top Momentum Utility Stocks to Own

Volatility has gripped markets as fears of an imminent recession continue to dent investors’ confidence. Therefore, it could be wise to own fundamentally strong utility stocks ONEOK, Inc. (OKE), Brookfield Infrastructure Corporation (BIPC), and Genie Energy (GNE), which have gained momentum lately, to strengthen your portfolio. Read more….

StockNews.com

No. 1 Bank Stock to Short This Week

Investors remain jittery over the future of regional banks. PacWest Bancorp (PACW) has seen its stock price plummet over the past few weeks on concerns over its ability to stay afloat. With news of the bank looking at several strategic options, including a sale, I believe it could be wise…

StockNews.com

One punch killer's sentence slammed by family who say year behind bars is 'sickening'

Rachel Mason, the sister of Paul Mason, 52, who was killed in an attack in London by Steven Allen, has again criticised the length of sentence he face serving behind bars

Daily Mirror

Number of people seeking help for domestic abuse jumps by nearly 50 per cent

Projects designed to protect people from domestic violence and fraud have been embraced by the community

Daily Record

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Johnstone 'almost a banking desert' after RBS announce plans to close branch in town

The shutters are set to come down on the Church Street facility in August, leading to demands decision be reconsidered.

Daily Record

Bankers' pay is booming in Saudi Arabia

DUBAI: Even as the global financial community contends with layoffs and lower bonuses, banking jobs remain plentiful and salaries are surging in one unexpected corner of the world: Saudi Arabia.

Bangkok Post

ASX closes higher, Westpac shares jump as bank records $4 billion profit in half-yearly results — as it happened

The Australian share market has closed higher after Westpac posted a $4 billion profit in its half-yearly results. Look back on the day's events as they happened with our blog.

ABC News

Budget and data to shed light on economy

New Treasury growth forecasts, to be included in the federal budget, and other data due this week are likely to shed light on the economy

The New Daily

Former chair of Hodge Bank and Eversheds Keith James has died

One of the most respected figures in the Welsh business community he also created the vision for the IWA and served on the board of Admiral

Birmingham Post

The 2 Best Bank Stocks to Add to Your Portfolio Now

Despite the recent banking crisis, the federal regulators have assured that the banking system is strong. However, the tightening of credit standards remains a concern. Investors could look to buy banking stocks Community Financial (TCFC) and Hanover Bancorp (HNVR), which look undervalued at current prices. Keep reading.

StockNews.com

Banking firm that owns Southern Water posts record profits

Macquarie’s net profit is up 10% with its top commodity trader landing A$58m through profit-share deal

The Guardian - UK

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The Guardian - UK

HSBC investors reject plan to split bank in meeting disrupted by climate protest

Majority of shareholders reject proposal to spin off Asian operations, after hour of disruption from campaigners

The Guardian - UK

US regional bank shares partially recover but fear of crash lingers

Stock market rises on bounceback despite investors still nursing steep losses

ABC News

Officials looking into investors targeting big US banks to make 'easy money'

US authorities are looking into whether big investment firms are targeting, or attacking, otherwise healthy banks to make a profit.

WEKU

Shares of smaller lenders sink once again, reviving fears about the banking sector

PacWest and Western Alliance were among the smaller lenders that saw shares tumble even as the banks sought to reassure their customers and investors..

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news in one place.

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Bangkok Post

TCRB eyes stock exchange listing in 2023

Thai Credit Retail Bank (TCRB) has submitted filings to the Securities and Exchange Commission for an initial public offering (IPO) on the Stock Exchange of Thailand by the end of this year.

Kiplinger

Stock Market Today: Stocks Slide as Regional Bank Rout Worsens

The major market indexes closed lower Thursday as chaos in the banking industry continued.

The Guardian - UK

US banks are failing, and the authorities seem unlikely to intervene

Regional lenders such as PacWest and Western Alliance are not seen as systemically important and more consolidation is ahead

Axios

The regional banking crisis is expanding

Reports have both PacWest and Western Alliance seeking buyers.

The Independent UK

Anxiety knocks regional banks, shares slump

Anxiety about a rush of withdrawals by customers of regional banks continues to roil the financial sector as PacWest Bancorp attempted to calm investors investors overnight with its shares plunged 45%

Glasgow Live

Virgin, Bank of Scotland and TSB Glasgow bank branches to shut - full list

Some branches in Scotland, including Glasgow, will close their doors this year with many moving services online. Here is the full list of branches affected.

The Guardian - UK

Trading halted in shares of two more US lenders as fears of banking crisis mount

Regulators step in after PacWest and Western Alliance shares plunge as investors fear repeat of First Republic, SVB and Signature failures

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