Latest in Gap Banks
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Israeli airstrikes on Lebanon hit branches of Hezbollah-linked bank
Strikes targeted Al-Qard Al-Hassan buildings in Beirut’s southern suburbs, south Lebanon and the Bekaa valley. Middle East crisis – live updates Israel carried out a series of airstrikes on ...World - The Guardian - October 21 -
Israel Targets Hezbollah's Political Base With Strikes on Lebanese Bank
After eliminating senior military leaders and weapons, Israel is hitting the group’s finances and role in serving Shiites.World - The Wall Street Journal - October 21 -
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HSBC splits bank between East and West in major overhaul
Pam Kaur is the first woman in the banking giant's 159-year history to become its chief financial officer.Top stories - BBC News - October 22 -
HSBC to split U.K. and Hong Kong banking arms into two separate units
HSBC’s overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western markets divisions, new CEO Georges Elhedery saidBusiness - MarketWatch - October 22 -
'Penguin Bandit' who robbed multiple banks sentenced to 13 years in prison
A man whom authorities named the “Penguin Bandit” was sentenced to more than 13 years in federal prison last week for robbing multiple banks in the Denver area.Top stories - NBC News - October 22 -
How a Palestinian and an Israeli united to document West Bank demolitions
Basel Adra and Yuval Abraham discuss filming the brutal displacement of villagers by Israeli forces in ‘No Other Land’World - Financial Times - October 23 -
Lloyds Banking Beats Views as U.K. Borrowers Remain Resilient
The U.K.’s largest mortgage provider confirmed its full-year guidance after pretax profit fell by less than expected on lighter impairments for bad loans as British borrowers remained resilient ...Business - The Wall Street Journal - October 23 -
German court rules against Deutsche Bank in Postbank acquisition lawsuit
Deutsche Bank said it will now analyze the judgement and noted it has booked provisions covering all outstanding claims by the plaintiffs, including interest accrued to date.Business - CNBC - October 23 -
Erosion take toll on North Carolina's vulnerable Outer Banks
Rising sea levels and more intense storms driven by climate change are making it difficult for the residents who live on North Carolina's Outer Banks, a series of barrier islands. In the last four ...Top stories - CBS News - October 23 -
Trump takes lead over Harris on US economy in final FT poll
FT-Michigan Ross survey shows most Americans think they will be better off if Republican winsBusiness - Financial Times - October 24 -
Oaktree-backed bank under court administration over mafia-linked loans
Milan prosecutor says there is evidence of state-guaranteed loans given to businesses connected to organised crimeWorld - Financial Times - October 24 -
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BlackRock leads opposition to new US limits on bank ownership
A proposal by regulators requires passive investment funds to seek approval when holdings hit 10%Business - Financial Times - October 24 -
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Russia's central bank raises key rate to 21% to rein in higher-than-forecast inflation
Russia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing higher-than-forecast consumer price increases.Business - CNBC - October 25 -
In key swing states, the lines at food banks are growing longer
Across the rural communities and industrial towns of western Michigan, semitrucks hauling thousands of pounds of food are pulling up to church parking lots and community centers where growing lines ...Politics - NBC News - October 26 -
Banks and regulators warn of rise in ‘quishing’ QR code scams
HSBC, Santander and the US Federal Trade Commission concerned over email attacks that bypass cyber-defencesBusiness - Financial Times - October 27 -
US leads efforts to keep lifeline for West Bank lenders open
Yellen warns Netanyahu of ‘economic catastrophe’ if Israel refuses to extend waiver for Palestine banksBusiness - Financial Times - October 28 -
Heritage Foundation: the rightwing ‘Project 2025’ think-tank banking on Trump
Republican candidate now seeks to distance himself from controversial group and its manifestoWorld - Financial Times - October 29 -
Petrol and food prices will fall thanks to oil glut, says World Bank
Downward trend in oil price from higher production, falling demand in China and clean energy to continue. Business live – latest updates Petrol and food prices will fall over the next two ...World - The Guardian - October 29 -
Former bank boss in Latvia jailed for ordering killing of whistleblower
LPB Bank owner Mihails Ulmans sentenced to 15 years over hit on lawyer who suspected money-launderingBusiness - Financial Times - October 29 -
Deteriorating Loans Stress Regional Banks’ Office Building Portfolios
The commercial real estate borrowing crisis hasn’t gone away, as shown by about a dozen mid-sized banks reporting a rise in missed payments from commercial real estate borrowers.Business - Inc. - October 29 -
JPMorgan Chase Sues Four Customers for Bank Fraud Seen in Viral TikToks
The people deposited fake checks and withdrew large sums from Chase ATMs, the lawsuits said.Business - The Wall Street Journal - October 29 -
Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit
Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.Business - CNBC - October 30 -
Harvey Schwartz and Peter Mandelson quit Bank of London board
Departures including that of former chief executive Anthony Watson are the latest setback for troubled fintechBusiness - Financial Times - October 30 -
This bank account is paying 5.25% right now as interest rates surge
Big rises in yields in recent weeks are good for savers.Business - MarketWatch - October 30 -
Closure of UK inheritance tax ‘loophole’ to penalise estates of wealthy pensioners
Experts say big tax bills could result from Rachel Reeves’ move in the BudgetBusiness - Financial Times - October 30 -
Bank of Japan holds rates but signals normalisation still on track
Political uncertainty following election upset raises risks of abrupt policy shifts, warn analystsWorld - Financial Times - October 31 -
Switzerland is now flirting with deflation, causing a dilemma for its central bank
Switzerland could be at risk of slipping into deflationary territory next year as a stronger Swiss franc dogs policymakers' efforts to get a handle on prices.Business - CNBC - October 31
