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The Latest Breaking News on Financial Services

Australia to Remove British Monarch from Banknotes

Australia will erase the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honoring Indigenous culture, the central bank said Thursday. The decision to leave her successor King Charles III off the $5 note means no monarch would remain on…

Asharq Al-Awsat

Malaysian graftbusters freeze opposition party’s accounts

KUALA LUMPUR: Malaysian anti-graft authorities have frozen the bank accounts of an opposition party led by former prime minister Muhyiddin Yassin amid an investigation that the pro-Malay group said was an attempt to destroy its credibility.

Bangkok Post

Australia says no place for King Charles III on new A$5 note

Central bank says new design will honour ‘the culture and history of the First Australians’.

Al Jazeera

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King Charles will not feature on Australia’s new five dollar banknote

An effigy of the Queen will continue to be printed on Australia’s coins until the Royal Australian Mint transitions to a portrait of the King

Evening Standard

Australia's central bank says it will remove the British monarchy from its bank notes

Australia's central bank says its new $5 bill would feature an Indigenous design rather than an image of King Charles III. But the king is still expected to appear on coins.

WEKU

Australia announces decision to remove British monarchy from its banknotes

KIng Charles III is expected to continue to feature on coins

The Independent UK

Commonwealth Bank adding anti-scam features to its apps

CBA is rolling out a new feature to help ensure payments sent to a BSB and account number are actually going to the right person or company.

AAP

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King Charles III’s portrait will not feature on Australia’s new five dollar banknote

The future design is intended to pay tribute to "the culture and history of the First Australians"

Wales Online

Australia’s new $5 banknote will feature Indigenous history instead of King Charles

Government backs Reserve Bank decision to replace Queen Elizabeth II’s portrait with design ‘honouring culture and history of First Australians’

The Guardian - AU

King Charles III won't appear on new Australian bank notes

Australia's central bank says King Charles III won’t feature on the new $5 bill, signaling a phasing out of the British monarchy from Australian bank notes, although he is still expected to feature on coins

The Independent UK

King Charles’ portrait will not feature on Australia’s new five dollar banknote

An effigy of the Queen will continue to be printed on Australia’s coins until the Royal Australian Mint transitions to a portrait of the King.

The Independent UK

Australia to replace monarch on banknote with design honouring Indigenous culture

Australia will replace the portrait of Queen Elizabeth II on its A$5 banknote with a new design to reflect and honour the history of its Indigenous culture, the country's central bank said on Thursday.

Reuters

Unite calls for emergency windfall tax on banks

Profits in the sector have mainly been generated by interest rate rises, said the union.

The Independent UK

Australian $5 note redesign won't feature King Charles, as Queen Elizabeth portrait removed in update

King Charles won't be replacing the late Queen on the new $5 note, after the Reserve Bank decides to honour First Nations culture instead.

ABC News

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Newcastle Herald

The Queen will go, but Charles won't replace her on $5 note

The Reserve Bank has decided to update the note to feature a new design.

AAP

Queen swapped for Indigenous design on future $5 notes

An Indigenous design will replace the portrait of Queen Elizabeth II on Australian five-dollar notes in a move that has rankled monarchists.

Axios

The Fed will be in the thick of the debt limit mess

The Fed could have a plethora of issues on their hands, including a debt limit standoff.

Evening Standard

Virgin Money launches first sub-4% fixed rate home buying mortgage since October

Milestone deal comes on the eve of an expected rate rise from the Bank of England

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Reuters

China has not done enough on Sri Lanka debt restructuring - U.S. diplomat

The United States wants China to provide credible and specific assurances to the International Monetary Fund (IMF) along with other creditors to help Sri Lanka unlock a $2.9 billion bailout, a senior U.S. diplomat said on Wednesday.

Insider UK

Premier Asset Finance founder and chief retires

Edinburgh-based firm names successor, promoting from within

The Independent UK

FCA must increase staff pay or it risks failing public, Unite says

The Financial Conduct Authority is being pushed towards ‘breaking point’ because of the number of staff leaving the business, Unite said.

Daily Mirror

Bank of Dave self-made millionaire giving away money to keep his kids working hard

The self-made mogul who has loaned out millions to people following the 2008 financial crash says huge inheritances can 'spoil' children and wants his son and daughter to know the value of making their own

Asharq Al-Awsat

Lebanon Devalues Official Exchange Rate by 90%

Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its market value. The pound has crashed since a financial meltdown in 2019 after decades of corruption, profligate spending and mismanagement by the…

Nottingham Post

Warning as pensions lose thousands in scam where 'cruel' fraudsters pretend to be police

Fraudsters posing as cops have told the victims their bank has been issuing fake bank notes

Birmingham Post

Virgin Money reports growth but notes impact of economic problems on customers

The bank increased business lending despite the winding down of Government loan schemes linked to the pandemic

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