Banking Industry News

A collection of Banking latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

rediff.com - PTI - Banking industry doyen N Vaghul dies at 88
Banking industry doyen N Vaghul dies at 88
Rediff.com

Veteran banker N Vaghul, who led the transformation of ICICI into a private sector lender, died on Saturday afternoon due to health complications. Vaghul took over the reins of ICICI, then a public finance institution, in 1985 and turned it into a…

indianexpress.com - Banking industry doyen N Vaghul dies at 88
Banking industry doyen N Vaghul dies at 88
The Indian Express

Veteran banker N Vaghul died on Saturday afternoon due to health complications, sources said. He was 88. Vaghul, who held many leadership positions in the banking industry, is credited with transforming ICICI from a public finance institution to a…

standard.co.uk - Christopher McKeon - Tory MPs demand review of Bank of England independence
Tory MPs demand review of Bank of England independence
Evening Standard

A group of Conservative backbenchers have demanded a review of the Bank of England's independence, accusing it of costing taxpayers thousands of pounds. The group of 44 MPs said they were “deeply concerned that the Bank of England is out of…

mirror.co.uk - Sean McPolin - Huge floods block roads after 'biblical' rainfall sees river burst its banks
Huge floods block roads after 'biblical' rainfall sees river burst its banks
The Mirror

Homeowners have been issued flood warnings after 'biblical' amounts of rain hit part of the UK, causing a river to burst its banks. Onlookers were left shocked after a huge amount of rainfall left people in Plymouth battling to get around in the…

wsj.com - Anne Tergesen - When to Treat Your 401(k) as a Bank. And When to Keep It Locked Up.
When to Treat Your 401(k) as a Bank. And When to Keep It Locked Up.
Wall Street Journal

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at…

cnbc.com - Michael Bloom - These stocks, including Nvidia, are still cheap and compelling, Bank of America says
These stocks, including Nvidia, are still cheap and compelling, Bank of America says
CNBC

Bank of America named a slate of stocks this week that are poised for upside, even as the major averages trade near their highs. Those names include Nvidia, which is scheduled to report earnings on May 22 and has soared nearly 87% in 2024. CNBC Pro…

thesun.co.uk - Ryan Merrifield - Martin Lewis' MSE reveals how switching bank could leave you up to £600 richer
Martin Lewis' MSE reveals how switching bank could leave you up to £600 richer
The Sun

MARTIN Lewis has revealed how to make an 'easy' £600. The Money Saving Expert took to X to share a tip off that Santander has launched a new switch deal that could be very profitable. He suggested making a simple change will make your money…

express.co.uk - David Williamson - Tories say Bank of England will cost every household £5,546
Tories say Bank of England will cost every household £5,546
Express.co.uk

Bank of England bungling will have cost every UK household £5,546 by the end of 2025, Conservative MPs have warned. The Thatcherite Conservative Way Forward group wants the Bank held to account for its performance and for the Chancellor to…

metro.co.uk - Katherine Fidler - Urgent warning for Android users over bug that can empty your bank account
Urgent warning for Android users over bug that can empty your bank account
Metro.co.uk

Android owners who use the Chrome app for browsing online have been warned about a new type of malware that could empty their bank accounts. The bug, called Brokewell, is disguised as an update for the app. However, when downloaded, it allows…

theepochtimes.com - Celene Ignacio - No 'Quick Fix' to Housing Demand-Supply Imbalance: Central Bank
No 'Quick Fix' to Housing Demand-Supply Imbalance: Central Bank
The Epoch Times

Addressing the imbalance between housing supply and demand “will not be a quick fix” despite government initiatives to construct new dwellings, according to Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter. In a speech…

express.co.uk - Rory Poulter - Surge in fake bill scams - Bank issues warning to be vigilant
Surge in fake bill scams - Bank issues warning to be vigilant
Express.co.uk

A rising trend involving scammers sending out fake invoices in the hope they will be paid has been identified by Barclays. Details have been revealed in a new scams bulletin from the bank which said the average value of each fake bill is…

thehindu.com - Ensure gold loans are repaid and not renewed, banks tell branches
Ensure gold loans are repaid and not renewed, banks tell branches
The Hindu

Banks have instructed their branches to ensure that gold loans availed of by customers are repaid and closed, and not renewed or upgraded. Offering loans against gold has become popular in the recent years due to ease of process, lesser…

bleepingcomputer.com - Bill Toulas - Banking malware Grandoreiro returns after police disruption
Banking malware Grandoreiro returns after police disruption
BleepingComputer

The banking trojan 'Grandoreiro' is spreading in a large-scale phishing campaign in over 60 countries, targeting customer accounts of roughly 1,500 banks. In January 2024, an international law enforcement operation involving Brazil, Spain…

financialpost.com - Bloomberg News - Slowing Inflation Primes G-7 Central Banks for June
Slowing Inflation Primes G-7 Central Banks for June
Financial Post

(Bloomberg) — Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy. We apologize, but this video has…

examinerlive.co.uk - David Bentley, David Bentley - DWP starts bank checks in pilot plan and finds 63,000 breaking rules
DWP starts bank checks in pilot plan and finds 63,000 breaking rules
Yorkshire Live

A pilot scheme by the Department for Work and Pensions (DWP) to monitor bank accounts has discovered tens of thousands of benefit claimants violating regulations. The DWP enlisted two high street banks to test the measures for feasibility. An…

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