Tag: Banking
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Banking and insurance gripes pushing up financial complaints figures – ombudsman
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails A substantial rise in banking and credit complaints has partly driven an increase in gripes being taken to the ombudsman. The Financial Ombudsman Service (FOS), which released…
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Why there are so few women in banking
[ad_1] Supreme Court launches handbook to combat gender stereotypes in judgements Nine out of 10 people hold biases against women, says UNDP’s report 131 years to close gap as Gender equality is stalling, says WEF report More women in Indian boardrooms, but mainly as independent directors Gender shock: Share of Indian women in managerial roles…
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New banking blunder: AIB cancelled direct debits for Ulster Bank tracker mortgages
[ad_1] The bank was forced into a U-turn earlier this month when it wrote to a number of former Ulster Bank tracker customers mistakenly telling them their monthly repayments would have to rise by up to €600 a month. It later withdrew the letter and said it was a mistake. Now it has emerged that…
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Canadians face glaring gap in banking protections
[ad_1] Breadcrumb Trail Links News Finance As we modernize our banking system, we must also correct for the dangerous consumer protection gap that persists Published Aug 06, 2023 • Last updated 5 hours ago • 3 minute read The financial sector has inconsistent consumer protection across the provinces. Photo by Getty Images/iStockphoto Article content It is…
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Who is Peter Flavel? Coutts CEO under fire over Nigel Farage banking row
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails NatWest boss Dame Alison Rose has resigned after admitting she was the source of an inaccurate story about Nigel Farage‘s finances. The resignation follows days of pressure…
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Nigel Farage ramps up pressure on NatWest over banking row after BBC apology
[ad_1] Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Nigel Farage is seeking to put pressure back on NatWest after winning an apology from the BBC, as the row over the closure of his bank account continues. The BBC on Monday…
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European Union Stablecoin Issuers With Bank Assets Will Get Extra Regulation, Banking Authority Says
[ad_1] “Financial distress at one ART [asset-referenced token] or EMT [e-money token] issuer can materially increase the likelihood of distress at other issuers of crypto-assets or at other financial institutions given the network of contractual obligations in which issuers operate,” said the document, seen by CoinDesk, referring to the two categories of stablecoin set out…
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A Stock Market Hypothetical and a Banking Reality
[ad_1] Here’s a thought experiment that recently occurred to me. Imagine that many decades ago, financial regulators passed a law about investing in the stock market. According to this law, each person may buy stock in one company, and only one company. If you wanted to invest in the stock market, you must put all…
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Coutts apologises to Nigel Farage in banking row as government tightens rules on account closures
[ad_1] Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Private bank Coutts has apologised to Nigel Farage for closing his bank accounts, describing its assessment of him as “deeply inappropriate”. The U-turn comes as the Treasury announced it will tighten rules…
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On global stage today, $180 bn banking giant
[ad_1] The boards of directors of HDFC and HDFC Bank have approved the merger of the two with effect from July 1, 2023, both companies informed the stock exchanges late on Friday. Following the amalgamation, HDFC Bank would be the fourth-largest bank in the world with a market capitalisation of Rs 14.73 trillion, or…