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Woman arrested at airport after bank wrongly transferred $4.6m 4 years ago and she 'spent it on handbags' - ‎4 hours ago‎
A young woman was arrested at an airport after she was wrongly transferred $4.6 million by her bank and allegedly spent the cash on designer goods including expensive handbags, it's reported.

Shawbrook Bank profits from consumer debt boom - ‎1 hour ago‎
Confident consumers ramped up borrowing from Shawbrook Bank in the first three months of 2016, helping drive the specialist lender's profits up by 43pc year on year.
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Would you bank with Facebook or Google?

TechRadar - ‎6 hours ago‎
The world of banking is set for rapid change, with new research revealing just how keen consumers are to use new technology like wearables and cryptocurrencies for payments - and some folks would be prepared to do their online banking with the likes of ...
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Clydesdale Bank has £450m set aside for new PPI payouts

BBC News - ‎8 hours ago‎
Another £450m is being set aside to compensate Clydesdale Bank customers for mis-sold payment protection insurance (PPI). It will take the total cost of mis-selling various financial products at the bank to £2.1bn. Most of the money is coming from the ...
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Suing your bank or credit card company may get a whole lot easier

CNBC - ‎3 hours ago‎
Consumers angry with a bank, payday lender or credit card issuer may soon get their day in court, courtesy of a new Consumer Financial Protection Bureau proposal on forced arbitration.
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Australia appoints Philip Lowe new Reserve Bank chief

Financial Times - ‎3 hours ago‎
Philip Lowe has been named as successor to Glenn Stevens, and will take over the reins at the Reserve Bank of Australia in September.

Overheard: Small-Bank Consolidation

Wall Street Journal - ‎14 hours ago‎
The reluctance of managers at small banks to sell at low valuations likely plays a part. But in a report, analysts at Keefe Bruyette & Woods argue that several fundamental factors argue for more consolidation this year, including the growing regulatory ...
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Woman on fraud charge after bank accidentally issues $4.6 million overdraft

ABC Online - ‎5 hours ago‎
A chemical engineering student spent millions of dollars on handbags and luxury goods after a bank gave her the money by mistake, a Sydney court has heard.
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Keep an Eye on These Chinese Bank Bonds

Wall Street Journal - ‎May 4, 2016‎
To find the latest portent of ill-health at Chinese banks, look at a special breed of hybrid bonds. Stock prices of China's big banks are down, on average, 12% so far this year, trading at multiyear lows. Adding to their woes, their contingent ...
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Bangladesh Bank officials say to meet NY Fed, SWIFT; seek to recover stolen money

Reuters - ‎13 hours ago‎
The bank's governor Fazle Kabir, New York Fed President William Dudley and a SWIFT representative will meet in Basel, Switzerland around May 10, they and another person briefed by the central bank said. It was not immediately clear who would represent ...
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Kid from Flight of the Navigator has robbed a bank

Geek - ‎16 hours ago‎
Looks like Joey Cramer is in trouble with the law. Again. The child actor, now 42, was arrested on May 1st after the Royal Canadian Mounted Police linked him to a small town bank robbery in British Colombia. It happened in Sechelt, a coastal town of ...
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National Bank to set aside $250-million for bad loans to energy sector

The Globe and Mail (subscription) - ‎1 hour ago‎
National Bank of Canada said that it will set aside $250-million to cover bad loans associated with the oil and gas sector, lowering its profit for the second quarter as banks continue to struggle with a depressed energy sector despite a rebound in the ...
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Bank earnings down, bad debts up, but shares rally

ABC Online - ‎8 hours ago‎
Well, that was weird. In a flurry of activity, three-quarters of the Australian banking oligopoly trotted out dull to disappointing half-year results this week - the CBA reported back in February - and yet investors said "yes please" and filled their ...
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European Central Bank scraps €500 note

Financial Times - ‎20 hours ago‎
The European Central Bank has decided to stop producing €500 notes, in a move it depicts as a crackdown on crime but which critics in German-speaking countries say is part of an onslaught on cash and savings.
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Hacking group Anonymous announces war against Bank of England and New York Stock Exchange - ‎May 4, 2016‎
Hacking group Anonymous has announced a cyber-attack war against the Bank of England and New York Stock Exchange. The organisation - made up of international hackers - warned of a series of attacks against the world's central banks over the next ...
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Carson Block: This bank's business model is 'a** backward'

Yahoo Finance - ‎20 hours ago‎
Activist short seller Carson Block, the founder of Muddy Waters Research, is short Bank Of The Ozarks (OZRK). The Little Rock, Arkansas bank's share price fell about 9% to as low as $33.66 as Block spoke at the 21st annual Sohn Conference in New York.
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Atlas strains to hold up the sky over Italy's banking sector

Financial Times - ‎21 hours ago‎
On a bright spring day, the view from the 31st floor of UniCredit Tower, the skyscraper headquarters in Milan of Italy's largest bank, stretches clearly to the snow-capped Alps. But the outlook for the Italian banking sector is far from serene.
See realtime coverage Bank Holiday outage leaves firms unable to process payments

The Register - ‎19 hours ago‎ has been shrugging off business customers' login attempts since Friday, leaving many unable to process payments over the bank holiday weekend. Problems with the business banking service peaked on Friday, with customers complaining that ...

Report shows Abil's directors failed to protect the bank, sources say

BDlive - ‎7 hours ago‎
THE final report into SA's first bank collapse in 12 years found directors at African Bank Investments Limited (Abil) failed in their duties to manage and protect the Johannesburg-based lender before its downfall almost two years ago, according to two ...

ICICI Bank & New Development Bank join hands to consider each other as 'preferred' partners

Economic Times - ‎2 hours ago‎
Under the MoU the two banks will consider each other as "preferred" partners and will harness their resources in the areas of bond issuances, co-financing, treasury management and human resources.