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The Latest Breaking News on Financial Services

Pakistan reaffirms commitment to IMF programme after meeting

Pakistan reiterated its commitment to completing a programme with the International Monetary Fund in a meeting on the sidelines of a climate conference in Geneva on Monday, the finance ministry said in a statement.

Reuters

List of bank branch closures in 2023, including Virgin Money, NatWest, Lloyds, HSBC and Barclays

High-street banks are becoming obsolete as more people shift to online. Which branches have closed or are due to close in your area?

Evening Standard

Warning issued to 10 million Lloyds and Halifax customers over change to services

Huge changes at Lloyds Banking Group would reportedly see customers split into a tier system based on how much profit they generate - this would then reflect into the service they receive

Daily Mirror

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2 Stocks to Help Your Portfolio Counter a Recession

With the Fed’s indication of keeping higher interest rates this year in line with its commitment to bring down inflation to the 2% target, the odds of the economy tipping into a recession are escalating. Amid an uncertain macroeconomic backdrop, fundamentally strong dividend-paying stocks UnitedHealth (UNH) and PepsiCo (PEP) could…

StockNews.com

'Green banks,' poised for billions in climate funds, draw states' attention

In recent years, several states have created or helped to fund specialized banks that lend money to homeowners and businesses for energy-saving and climate projects. Now, states have billions more reasons to establish such institutions, known as green banks.

Tribune News Service

U.S.’ Principal Financial Invests in Chinese Pension Manager

Principal Financial is now the second-largest shareholder of China Construction Bank Pension Management with a 17.6% stake

Caixin Global

'War for talent' set to define Scotland’s financial sector in 2023

Recruitment company argues that the balance of power sits with employees, despite the recession

Insider UK

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Starling Bank to see profits quadruple this year as bank now a 'big player'

Founder Anne Boden said Starling is longer up against the "plucky scale-ups"

Birmingham Post

ICICI-Videocon Loan Scam: Bombay HC Allows Chanda Kochhar, Husband Deepak's Release

The Bombay High Court on Monday allowed the release of former ICICI Chief Executive Officer (CEO) Chanda Kochhar and her husband Deepak Kochhar accused in an alleged multi-crore money laundering scam. Read on for details:

Dynamite News

Pakistan’s finance minister to meet IMF delegation in Geneva

IMF has yet to approve the release of $1.1bn originally due to be disbursed in November last year.

Al Jazeera

Scot slams banks after 'obstructive' treatment of wife nearly broke relationship

A SCOT who has eventually managed to wed his Thai partner thanks to this newspaper has called for banks to improve the way they treat potential…

The National (Scotland)

‘Serious questions’ as pension funds invest millions in firms operating in Russia

SCOTLAND’S largest council pension funds have around £230 million invested in Western companies continuing to operate in Russia almost a year…

The National (Scotland)

Woman 'rips' Asda cash machine apart after it 'swallows card and money'

She used her hands to take apart the Barclays machine

Wales Online

A Black 'Wall Street Journal' reporter was detained while working outside a bank

The Phoenix Police Department says that it has launched an internal investigation following the arrest of Journal finance reporter Dion Rabouin, who was conducting interviews outside a Chase Bank.

WEKU

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Bangkok Post

GH Bank keen to target the wealthy segment

Government Housing Bank (GH Bank) wants to tap wealthy customers by offering high-value savings lotteries, aiming to become a new choice for people looking to diversify investment risk and earn a decent return amid a possible global recession and high inflation rate.

Reuters

Wells Fargo terminates employee over unruly behaviour on Air India flight

Wells Fargo said on Friday it had terminated one of its employees in India and was cooperating with local law enforcement, after allegations of misbehaviour onboard an Air India flight.

The Guardian - UK

TSB and Santander staff bonuses could be hit after City fines

Exclusive: Pay committees will factor in regulator’s fines over IT meltdown and money-laundering controls

Manchester Evening News

Investigation launched after another inmate dies at HMP Forest Bank

Sodexo, the private company which runs the jail, confirmed that a prisoner died there on Wednesday.

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Dynamite News

Delhi Police Reaches Out To 'Wells Fargo' Legal Department To Cooperate With Investigation In Air India Urination Case

A day after Delhi Police asked the authority concerned to issue a LOC, now the Delhi Police has reached out to the US-based Wells Fargo company's legal department to cooperate with investigations against accused S Mishra who has been charged under several IPC sections for urinating on an elderly woman…

Liverpool Echo

Five easy ways to keep on top of your debt in 2023

If you're starting the new year in debt, here are a few things to help you get back on track

Dublin Live

Ulster Bank closures: All the Dublin branches shutting their doors from today

A further 13 branches will close next Friday, 13 January with the branches to reopen under Permanent TSB at a later date

Caixin Global

China’s CIC Crowned World’s Largest Sovereign Fund

China Investment Corp. added $129 billion in assets last year, taking its total portfolio to $1.35 trillion

Caixin Global

China’s AIA, PICC Among Insurers Called Out for Inaccurate Data

The insurance firms get named and shamed after probes into their solvency reporting

Tribune News Service

Commentary: 'Wokeness' at the Fed could easily create another banking crisis

You expect your money to be safe in a bank, but if the Federal Reserve gets its way, that may not be the case soon.

Daily Record

West Lothian towns 'need protection' from future risks after pandemic

Calls for protecting towns amid cost of living crisis given cross-party support

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