Claim more bank jobs at risk
The Financial Services Union claims more than 200 jobs at Westpac now face the axe.
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The Financial Services Union claims more than 200 jobs at Westpac now face the axe.
Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profitsBarclays is cutting 5,000 jobs as part of wider cost-saving plans that its bosses say are being driven by advances in AI.The job cuts will mean losing about 5% of the bank’s 93,000 global staff, with executives confirming they had already cut 1,000 workers since the start of the year.
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Central bank lowers benchmark rate to 36% as inflation eases
CCTV footage shows the brazen crooks distracting elderly victims by dropping banknotes on the floor before secretly swapping their bank cards for fake ones.
Cash deposits of ₹10 lakh or more in savings accounts can be reported to the Income Tax Department, while parents can gift ₹50 lakh or more to children tax-free. Know the cash deposit limits, gift tax rules and documents needed to avoid scrutiny.
Infineum taps advisers at Bank of America to run a sale of the business as Shell focuses on core oil and gas operations
The Princess of Wales has today stepped out looking ultra chic in a head-to-toe Victoria Beckham number royal fans are sure to want to recreate - we've found an M&S lookalike that won't break the bank.
JERUSALEM, Oct 22 (Reuters) - Nine of the 10 suspects arrested in an investigation into militant settler attacks on a US journalist and European diplomats have been released from custody and placed under house arrest, a law firm that represents settlers said. Masked Israeli settlers were filmed last week assaulting Washington Post photojournalist Heidi Levine, who was covering a Palestinian olive harvest in the occupied West Bank.
French, Belgian and Polish diplomats and a French mayor were attacked by masked settlers in another part of the West Bank on Saturday.
A Connecticut wool mill that closed in 2013, leaving 85 workers jobless, has been revived by former investment banker Jacob Harrison Long. He bought the 475,000-square-foot factory in 2014 despite having no manufacturing experience. Twelve years later, the mill employs about 50 people and supplies fabric for US military uniforms.
Long now hopes to expand textile manufacturing across New England.
—Photo-illustration by TIME; Getty Images/kontekbrothersThe ranking "America’s Growth Leaders 2027" is the result of a comprehensive analysis conducted to identify the top performing publicly listed companies in the US. The analysis is based on three primary dimensions: Growth Performance, Financial Stability and Stock Performance. MethodologyThe first dimension, Growth Performance, was assessed using data from Statista’s revenue database, which contains company growth data for the last five years.
To be considered for the evaluation the companies had to be headquartered in the USA, publicly traded and demonstrate strong revenue growth in the last five years. Relative growth and the number of years in which growth was achieved were considered in the evaluation.The second dimension, Financial Stability, was investigated by analyzing the companies’ profitability as well as using classic metrics such as the Piotroski F-Score and Altman Z-Score, which refer to a company’s overall financial health and the probability to file for bankruptcy.
Industry specific KPIs were utilized to portray financial stability of companies within the banking, insurance and REIT sector.The third dimension, Stock Performance, was evaluated based on multiple KPIs, that underline the companies’ strengths as a stock investment. The analysis process focused on the average annual growth rate, recent returns, a comparison to the overall market and the stocks’ volatility for the past 5 years.Once the data was collected and evaluated, it was consolidated and weighted within a scoring model.
The scores of all three dimensions were added on an equal percentage basis to form the final ranking score of a maximum of 100 points. The 500 companies with the highest score were awarded as “America’s Growth Leaders 2027” by TIME and Statista.See the full list
The European Investment Bank's €30 billion for climate financing reflects a shift from climate mitigation to economic protection -- and comes a week before the European Commission is due to present its own climate resilience plan.
British bank Barclays said on Thursday it would cut around 5,000 jobs, or roughly 5% of its global workforce, by the end of 2026 as it turns to AI and other technology to streamline operations and improve efficiency.
Datacenters, AI and distaste for the billionaires developing it has soured Americans on big techThe campaign ad begins with a clear, idyllic stream that suddenly turns sludge-brown as two concrete datacenters slam onto its banks. Another facility thuds down on a peaceful suburban park, and two more crush-green pastures as an ominous soundtrack to a disaster movie blares overtop.“They’re coming for our rivers.
Our neighborhoods. Our farmland,” a deep-voiced narrator says. “Because Brent Taylor wrote the law allowing datacenters to take over Tennessee.” Continue reading...
France’s bond market hit by another bout of selling as country recovers from weekend protestsBusiness live – latest updatesFrench borrowing costs continued to rise on Thursday, as investors fret that France’s government is struggling to pass a federal budget after public protests gripped the country.France’s bond market was hit with another bout of selling, with the difference between French and German 10-year borrowing costs – a metric for the risk premium attached to French debt – rising to its highest level in almost 15 years.
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Hong Kong’s top banking regulator has called for greater innovation in the city’s financial system to help address “pain points” in the real economy, as the city works with mainland Chinese and Asia-Pacific partners to navigate a host of sustainability, geopolitical and other challenges. “True innovation in finance is not simply about chasing novelty; it’s about transforming conventional financial tools into efficient solutions,” said Eddie Yue Wai-man, chief executive of the Hong Kong Monetary...
The Reserve Bank of India should direct all regulated entities to notify customers of personal data breaches within a fixed period, pending the commencement of the DPDP Act said the Internet Freedom Foundation.
In a stock exchange filing, SBI said it had experienced an incident involving the loss of certain data. It said on October 16, 2026, it received communications from its Threat Intelligence Service Provider, the Defence Cyber Agency, and CERT-In regarding an alert concerning the suspected exposure of it’s customer data on the dark web.
A recent ruling by an appeals court has overturned a foreclosure decision related to a property in Babylon, New York. The court determined that Bank of America did not give the borrower adequate notice prior to starting foreclosure procedures and failed to show that it had the necessary standing in the case.
Consequently, the court rejected the bank's request for a summary judgment against the estate of Alice McNamara.
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Lost money to online fraud despite not sharing an OTP? RBI rules specify when banks must refund customers and how banks' liability is determined. New directions from January 2027 will widen customer protection, shift the burden of proof to banks, and tighten resolution timelines.
Reductions announced as third-quarter profits fall short of City expectations
Slain Hong Kong socialite Abby Choi Tin-fung received a share of the profits her ex-husband made from investing in luxury watches, the model’s murder trial has heard. Chan Leong-hang, an employee of Aristo Watch & Jewellery in Tsim Sha Tsui, said on Thursday that Alex Kwong Kong-chi sold upmarket timepieces to the shop and asked that the shop transfer part of the proceeds to Choi via bank transfer.
Chan said the company transferred HK$6 million (US$764,580) to Choi’s bank account after her...
By Pesha Magid and Lina ObeidLUBBAN AL-GHARBI, West Bank, Oct 22 (Reuters) - Brought to tears as he recalled Israeli settlers hitting his cherished olive trees with sticks and taking off with the olives, Palestinian Ahmed Salem said he feared being attacked if he tried to intervene.Settlers have intimidated Palestinians harvesting their olives in the occupied West Bank for decades, but this year, not only has violence increased sharply, theft has been widespread, according to Palestinians, Israeli rights groups and the UN.
The bank says it is using more AI leading to a 5% reduction in its workforce.
Relative price shifts can affect the overall price level
NAB workers say the writing was on the wall regarding mass redundancies as the major bank pushes towards an offshore workforce and the uptake of AI.
Israeli forces detained U.S. Democratic congressional candidate Brad Lander on Wednesday as he helped Palestinian farmers harvest olives in the occupied West Bank , releasing him hours later while dozens of other volunteers, including a group of American rabbis, remained in custody. The incident was the latest in an annual olive harvest that has been marked by violence between Israeli settlers and Palestinian villagers attempting to gather their crops.
The Israeli military said the farmers and volunteers had failed to seek prior approval for the harvest and were detained “due to the security risk posed by conducting an uncoordinated harvest near an Israeli community.” It later added that it viewed “the arrival of dozens of activists as an act intended solely to provoke, which undermines the harvesting process.”
Lander is running in the Nov. 3 elections to represent a heavily Democratic New York City district in the U.S. House of Representatives. “The occupation is a crime under international law," Lander wrote on social media after he was detained. “Harvesting olives isn’t
After ALS took her ability to speak, Monica O'Callaghan turned to AI voice cloning technology to preserve her voice. The breakthrough helped her deliver an emotional wedding speech in her own voice and reclaim part of her identity.
Explorer Ash Dykes’ team raised concerns after losing contact with him for more than 16 hours during his 434-mile journey through the Congo Basin. The 35-year-old Welsh adventurer is travelling from Nola in the Central African Republic to Mossaka in the Republic of Congo. His team later re-established contact through a Garmin satellite device after Starlink and his power bank failed.
Limited connectivity continues to restrict updates from the remote expedition.
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explicare.deWASHINGTON, Oct 21 (Reuters) - The US Treasury Department imposed sanctions on Wednesday on Karnakis & Karnakis, a law firm based in Greece and Panama, saying it had for years provided legal assistance to Iranian shipping networks.The US Financial Crimes Enforcement Network also issued an administrative subpoena to advance an investigation into a Greek bank over potential ties to Iran, according to a Treasury statement, which did not name the bank.
ABC analysis reveals the extent of Israel's expansion on four fronts: Lebanon, the West Bank, Gaza and Syria.
TORONTO - National Bank's chief executive says competition is rising in the personal banking space and the lender will look to modernize its operations to attract more clients.
Figure comes ahead of next week’s Budget and will cement expectations of Bank of England rate rise in November
In line with the bank's policies, the spokesperson said, an internal review into this matter is currently underway to gather and evaluate all relevant facts
US photojournalist describes ‘protective shield’, vows to return to work in West Bank and criticises Netanyahu comments on incidentThe Washington Post photojournalist who was attacked and seriously injured by Israeli settlers on the West Bank on Friday has described how she was saved with the help of local Palestinians.Heidi Levine sustained four fractured vertebrae, two broken ribs and four puncture wounds when she was knocked to the ground and repeatedly beaten by a crowd of masked settlers while she and other journalists were covering the olive harvest in the Palestinian village of Abu Falah, north of Ramallah.
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Large UPI transfers do not automatically trigger income tax notices, but unexplained bank credits can attract scrutiny. From freelancers to individuals receiving money for others, here's when digital transactions may raise red flags and what records to keep.
WASHINGTON, Oct 21 (Reuters) - The US Treasury Department on Wednesday imposed sanctions on Panama and Greek-based law firm Karnakis and Karnakis, which it said has supported Iranian shipping for years.The US Financial Crimes Enforcement Network also issued an administrative subpoena to advance an investigation into a Greek bank over potential ties to Iran, according to a Treasury statement, which did not name the bank.FINCEN also issued requests for information to six other banks in Europe over relationships with Iranian financial institutions under US sanctions.
Congressional candidate Brad Lander said Wednesday that he was detained in the occupied West Bank by the Israel Defense Forces while participating in an olive harvest.
The Bank of Canada has held its key interest rate unchanged for about a year, but some economists expect rates to begin increasing again as early as next week.