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The Latest Breaking News on Financial Services

Government banks unveil higher loan interest levels

State-run banks have begun to raise loan interest rates for the first time in years, in line with the Bank of Thailand's policy rate hike on Wednesday.

Bangkok Post

NatWest bank closures: Which London branches are closing?

The high street bank recently announced a further 27 branches will shut over the course of the year.

Evening Standard

IMF mission to visit Pakistan this month to discuss stalled bailout programme

An International Monetary Fund mission will visit Pakistan later this month to discuss the stalled ninth review of the country's current funding programme, the lender's resident representative said on Thursday, with the cash-strapped nation's economy in turmoil.

Reuters

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Bank of Ireland's UK chief executive quits for role at Provident Financial

Ian McLaughlin has been at the helm of the Irish bank in the UK since 2019

Birmingham Post

Cash-strapped Pakistan's rupee plunges amid talks with IMF

Cash-strapped Pakistan’s currency has plunged against the dollar after the government indicated it was ready to comply with tough conditions set by the International Monetary Fund

The Independent UK

Bangkok Bank raises loan and deposit rates

Bangkok Bank said on Thursday it would raise deposit rates by a maximum of 0.25 percentage points and increase loan rates by between 0.15 and 0.20 points.

Bangkok Post

Couple scammed out of £77,000 by cowboy builders for a job that should cost just £1,000

Professor Nigel Wilson and his wife Dr Hanneke Wilson sent £77,000 to rogue builders for roof repairs at their home which usually cost around £1,000, Oxford Crown Court heard

Daily Mirror

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TSB staff and bosses to share £29.8m bonus pot after record profits

Bank hails successful turnaround from IT meltdown in 2018 with profits up 16.5% to £182.5m

The Guardian - UK

Inside UK town so poor 'children have no shoes' and parents turn to loan sharks

The seaside town of Withernsea, East Yorkshire, relies on seasonal trade and has seen good times in the past but families have cut trips to the coast as their budgets bite and the town struggles

Daily Mirror

NatWest closing another 23 branches in 2023 - where they are and when they will shut

They are in addition to 43 closures already announced for this year

Wales Online

Natwest adds to high street bank closures in 2023 - the full list including Lloyds and Halifax

The sites will close between late April and the beginning of June

Manchester Evening News

NatWest announces closure of high street bank in Horwich

It's one of 23 banks set to shut this year

Manchester Evening News

Full list of 23 NatWest branch closures happening in 2023

The high street bank has announced plans to shut more sites over the course of this year

Birmingham Post

Natwest to close 23 more branches this year - see full list of affected branches

The list includes a site in Bootle

Liverpool Echo

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Birmingham Post

UK taxpayer stakes revealed in companies that recently raised over £12m

Also included in the updated list is Steama Company and The Lakes Distillery Company

Daily Mirror

NatWest to shut 23 more bank branches this year - see full list of closures

The closures, which are scheduled to take place from April to June, are down to more people banking online and come on top of 43 NatWest branches already earmarked to close this year

Daily Mirror

Inside 'baby bank' where desperate mums who can't afford nappies or clothes turn

A 'baby bank' in London is helping desperate parents who cannot afford basic necessities for their children including nappies, clothes and toys. Volunteers expect 2023 to be even busier than 2022

Wales Online

Surge in current account customers switching banks

Record number used seven-day switching service as rivals offer strong incentives to move accounts

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Tribune News Service

US Treasury denies Republicans’ request for Hunter Biden records

WASHINGTON — The U.S. Treasury Department refused Wednesday to provide House Republicans any suspicious activity reports it may have on foreign banking and other business transactions by Hunter Biden and other members of President Joe Biden’s family.

The Independent UK

Surge in current account customers ditching and switching their bank

The number of current account customers using the seven-day switching service in the final quarter of 2022 was the highest since it launched in 2013.

Reuters

IMF approves $86.9 million extended fund facility for Mauritania

The International Monetary Fund (IMF) has approved a $86.9 million extended fund facility for Mauritania, it said in a statement on Wednesday.

Daily Record

Mum's horror as son ties her up, threatens to pour boiling water over her and demands £10k

Michal Strehlau, 27, kept his own mother prisoner in her home for hours before she managed to escape.

The Independent UK

Goldman Sachs signals partial retreat from consumer banking

Goldman Sach spent eight years attempting to expand its business beyond corporations and the wealthy

Nottingham Post

CCTV images released after thieves target elderly woman in Nottingham city centre

The 86-year-old victim had taken a bus from Bulwell to Nottingham city centre on Tuesday, December 6 and arrived at around 12.40pm. Nottinghamshire Police has now released images of two women they would like to trace in relation to the incident.

The Guardian - UK

Bank of Israel governor says judicial reform could hurt economy – reports

Amir Yaron said to have warned PM that erasing democratic checks and balances could deter crucial foreign investment

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