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The Latest Breaking News on Financial Services

Disgraced Army vet and sex offender sparked Bakersfield hostage crisis by telling victims it was a ‘bad day to be at the bank’

Anthony Scott Searles-Harris held 10 people hostage at a California bank for 15 hours before he was shot dead by the FBI

The Independent UK

Lloyds customers unable to make payments due to IT glitch

Bank apologises after IT update caused problems with Lloyds, Halifax and Bank of Scotland apps

The Guardian - UK

Banking apps down latest: Lloyds, Halifax and Bank of Scotland customers hit by outage

Almost 5,000 reports of outages have been logged, with many unable to make payments via their cards, online banking or app

Evening Standard

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Lloyds Bank customers report issues with banking site and app not working

Lloyds Bank customers have shared that they are facing issues with the website and app going down this morning (Wednesday, June 3)

The National (Scotland)

Man barricades himself inside US bank with hostages

Police are on the scene in Bakersfield, California after a man barricaded himself inside a bank building with a number of hostages.

AAP

SCB relying on attrition to reduce its headcount

Siam Commercial Bank (SCB) has no plans to recruit new employees to replace staff leaving through attrition, targeting a workforce of around 15,000 employees by the end of next year.

Bangkok Post

GSB set to reward good borrowers with lower rates

Government Savings Bank (GSB) is preparing a new initiative to assist borrowers with good repayment discipline by lowering their interest rates, in an attempt to help them pay off their debts more quickly.

Bangkok Post

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Co-pay scheme kicks off

More than 39.2 million people will receive 1,000 baht in government support from today as the Thais Help Thais Plus co-payment scheme officially begins, says the Finance Ministry.

Bangkok Post

'Blows my mind': KPMG's whistleblower issues collide

A consultancy firm facing claims it mishandled allegations of misconduct by a whistleblower was dealing with whistleblower complaints for major companies.

AAP

Social Security payment change will affect 3.6 million beneficiaries: What Direct Express users need to know

Millions of Social Security beneficiaries who receive their monthly payments through Direct Express prepaid debit cards are set to experience an important administrative change. The US Department of the Treasury has begun transitioning the Direct Express programme from Comerica Bank to Fifth Third Bank, which will become the new financial…

The Times of India

How smarter use of digital banking could save you thousands of pounds

Financial experts explain how money can be saved by using banking apps to get better credit card and mortgage deals plus debt and investment advice.

The Independent UK

Ascend Bank aims for July launch

Ascend Bank, the virtual bank backed by Charoen Pokphand (CP) Group, is expected to debut in July, says Suphachai Chearavanont, senior vice-chairman of CP Group and board chairman of True Corporation.

Bangkok Post

JPMorgan CEO Says Company Could Spend $20 Billion on Acquisitions

JPMorgan CEO Jamie Dimon said that "There might be, in the next couple years, a chance to put $10 [billion] or $20 billion to work buying something."

International Business Times

Government ‘fully committed’ to releasing Mandelson files amid further reports

It comes after Parliament’s intelligence watchdog accused the Government of withholding certain documents.

Evening Standard

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AAP

Scam victims to get automatic financial compensation

Up to $3000 will be reimbursed to Australians who lose money through simple scam operations in order to lower the cost of investigations.

Bangkok Post

Clicx unveils next-generation banking vision

Clicx Bank, Thailand's first virtual bank licence holder, is scheduled to launch its mobile application on June 19, aiming to tap underserved customers.

Bangkok Post

Sansiri, SCB eye young affluent homebuyers

SET-listed developer Sansiri has partnered with Siam Commercial Bank (SCB) to increase sales of residential units priced more than 10 million baht, targeting young affluent homebuyers who are not existing SCB wealth clients, with a goal of generating 13 billion baht in sales within one year.

Bangkok Post

Islamic Bank of Thailand targets B8bn in loan growth

The Islamic Bank of Thailand (IBank) has set a loan growth target of 8 billion baht this year, up from more than 6 billion baht registered last year, according to the bank's chief.

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International Business Times

Bank of America Warns Investors to Brace for a 'Summer Correction' As Stocks Continue To Rally

Bank of America said the S&P 500 has already reached the bank's year-ahead target of 7,430, raising concerns that the market may be overheating after months of relentless gains.

AAP

FED:Banks on notice as Westpac fined for failing clients

Banking giant Westpac has been slugged with a $26 million penalty for failing to support customers in need, a decision an expert says sends a clear message.

AAP

Banks on notice as Westpac fined for failing clients

Banking giant Westpac has been slugged with a $26 million penalty for failing to support customers in need, a decision an expert says sends a clear message.

The Independent UK

Eight in 10 UK firms suffering hit from Iran war: ‘Uncertainty has become the norm’

Twenty per cent of companies overall are pausing investment against a backdrop of geopolitical uncertainty in a sign of the impact of the war on the UK economy

Bangkok Post

Monthly borrowing for stimulus

The Finance Ministry is preparing to gradually borrow funds for the "Thais Help Thais Plus" programme, says finance permanent secretary Lavaron Sangsnit.

Bangkok Post

New subsidy sparks surge in sign-ups

The government hailed the overwhelming first-day response to its new 'Thais Help Thais Plus' co-payment subsidy scheme, with more than 23 million people registering within hours.

Bangkok Post

KBank on track for SME loan growth

Kasikornbank (KBank) expects its small and medium-sized enterprise (SME) loans to post positive growth this year, after recording growth in the first quarter despite an overall contraction in lending.

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