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THE TRUTH ABOUT: 50 - The Untold Story

Mortgage rate rises branded 'March madness' by brokers as banks hike home loan costs

HSBC among the lenders lifting the cost of home loans the day after it reported record annual profit

Evening Standard

What did we learn about our banks this week?

City Voices: UK bank shares have been stock market laggards for years

Evening Standard

Lloyds sets aside £450m for car loan fines and payouts

Bank’s profits rise 57% but it says there is ‘significant uncertainty’ over liability amid FCA investigation

The Guardian - UK

From analysis to the latest developments in health,
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Reserve Bank of India in Chennai makes financial literacy fun for students

Explore the Reserve Bank of India's Chennai headquarters during Financial Literacy Week, focusing on youth education in banking and finance.

The Hindu

Former governors want power to overrule RBA to stay

Resistance is building to the federal government's plan to scrap a never used power to intervene in Reserve Bank decision making.

AAP

Navigating China's Real Estate Crisis: HSBC Reports Significant Quarterly Profit Drop

HSBC's quarterly profit took a significant hit due to impairment charges on its investments in China's Bank of Communications.

International Business Times

First UK banknotes featuring Charles III to be released on 5 June

Bank of England says any machine that handles UK banknotes must be updated to accept the new designs

The Guardian - UK

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Woes Continue for Banking Sector: The Kiplinger Letter

Regional bank stocks were hammered recently after news of New York Community Bank’s big fourth-quarter loss.

Kiplinger

HSBC reports record profits but China worries bite shares

Record profits at HSBC, but China worries grows

Evening Standard

HSBC Reports 'Record Profit' Of $30.3 Bn In 2023

HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks.

International Business Times

Nice targets, but scepticism is hard to shake at Barclays

Pledge to return £10bn to shareholders is overshadowed by investment division concerns

The Guardian - UK

Westpac confuses councils, apologises for Mr Bean error

A Westpac email mixing up councils is one of many stories aired at an inquiry into bank closures showing the disconnect between the big four and rural towns.

AAP

Kerala consumer rights panel holds insurance company, bank accountable for medical claim denial

Ernakulam Consumer Disputes Redressal Commission in Kerala has held a general insurance company and a bank that facilitated insurance coverage accountable for denial of medical insurance claim to a customer and directed them to pay a compensation of ₹2.23 lakh.

The Hindu

Barclays to cut costs by £2bn, raising fears of further job losses

Bank announces drop in profits to £6.6bn as it says it plans to return more to shareholders

The Guardian - UK

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Evening Standard

Barclays hands £3 billion to shareholders despite profits decline

The bank said today it aims to return £10 billion to shareholders by 2026 with cost cuts of £2 billion

The Guardian - UK

Bank of England governor predicts UK recession will be ‘very small’, as MPs push for interest rate cuts – as it happened

Andrew Bailey tells MPs there are signs that UK economy is picking up, after GDP shrank in the last two quarters

Al Jazeera

US banking giant Capital One to buy Discover Financial for $35.3bn

The proposed acquisition would create the biggest credit card company in the US.

International Business Times

China Shares Dip As Central Bank Cuts Key Rate

Mainland China's shares fell on Tuesday as its central bank announced a record cut to a benchmark lending rate in a bid to boost its struggling economy.

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Top News

Former Governor Roy Eugene Barnes discusses working with top lawyer

Former Governor Roy Eugene Barnes faces questioning in a Fulton County courtroom. The transcript highlights his collaboration with attorney Craig Gillen an...

The Guardian - UK

‘I’m still proud of what we created’: Metro Bank’s 14-year rollercoaster ride

From its lavish launch parties to a 2019 accounting scandal, the UK challenger bank has been beset by controversy

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