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The Latest Breaking News on Financial Services

Fitch: Egyptian Banks’ Capital Ratios Can Withstand Further EGP Depreciation

Fitch Ratings lauded the agreement between the Egyptian government and the International Monetary Fund (IMF) in which Egypt secures a $3 billion loan over 46 months. Fitch Ratings added also said that Egyptian banks’ regulatory capital ratios can withstand further Egyptian pound depreciation as they are supported by healthy internal…

Asharq Al-Awsat

Full list of 40 more Halifax and Lloyds bank branches to close

The closures will not lead to any job losses

Birmingham Post

Full list of Halifax and Lloyds bank branches closing - and when they will shut

Lloyds Banking Group, which owns both high street banks, is to close 18 Halifax sites and 22 Lloyds branches

Wales Online

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Tesco Bank gives staff £1,250 cost-of-living pay rise

The move followed discussions with two major trade unions

Insider UK

Sri Lanka expects financing assurances from China for IMF deal within days

Sri Lanka expects to get China's backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fund, a government official said on Friday, as India pledged further support to its crisis-stricken southern neighbour.

Reuters

Editorial: Rep. George Santos is another embarrassment for the GOP. How much is enough?

Rep. George Santos, R-N.Y., quickly became a global punchline when his multiple, contradictory misrepresentations of his background were revealed after he was elected in November. But there’s nothing funny about Speaker Kevin McCarthy’s refusal to call on Santos to resign, as a few other Republicans have.

Los Angeles Times

Scotland's financial sector has a key role to play in meeting net zero goals

Industry specialist argues that, even during a recession, it pays to not lose focus on tackling the climate crisis

Insider UK

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Bombay HC Grants Bail To Videocon Chairman In ICICI Loan Fraud Case

Videocon Group Chairman Venugopal Dhoot was granted bail by the Bombay High Court on Friday in the alleged loan fraud case related to ICICI Bank. Read on for details:

Dynamite News

Court orders daughter, bank to pay over B200m for theft

The Phra Khanong Civil Court has ordered a woman, two bank employees and a commercial bank to pay more than 200 million baht in compensation to a bedridden elderly woman in connection with the theft of over 250 million baht from her accounts.

Bangkok Post

Weekly Must-Read: Where to Now for Alibaba in the Post-Jack Ma Era?

With Ma pulling further back from the reins of his e-commerce empire after ceding control of Ant Group, all eyes are watching to see if relations with the government can be patched up

Caixin Global

SCB X keen on novel banking opportunity

SCB X, the holding company of Siam Commercial Bank, is interested in setting up a virtual bank, aiming to explore new business opportunities.

Bangkok Post

Agency preps operations for new deposit variety

The Deposit Protection Agency (DPA) plans to safeguard customers' accounts at the proposed virtual banks, with the agency preparing its internal operations in line with this new offering.

Bangkok Post

Lloyds Pharmacy to close 237 branches in Sainsbury’s — London pharmacies affected

The company, which bought Sainsbury’s 280-strong pharmacy network for £125 million, says the closures are “in response to changing market conditions”

Evening Standard

Lloyds Pharmacy to close all 237 Sainsbury’s outlets

Group says move due to ‘changing market conditions’ as industry warns of insufficient government funding

The Guardian - UK

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Reuters

Venezuela opposition names committee to manage foreign assets

Venezuela's opposition national assembly on Thursday named the commission members who will manage most of the country's assets abroad, moving ahead with a promise by the body's new leadership as it seeks to unify ahead of expected presidential elections.

Dublin Live

Man 'threatens to shoot customer with gun' in inner city robbery

The bandit stole an estimated €300 before he made off on a bicycle

Liverpool Echo

Chinese New Year greetings to use when celebrating Year of the Rabbit

We will officially enter the Chinese New Year on January 22

The Guardian - US

JP Morgan chief says US should not be ‘playing games’ with debt ceiling

Jamie Dimon warns that US creditworthiness should be ‘sacrosanct’ as country’s debt races toward $31.4tn limit

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Daily Mirror

Tesco Bank offers staff £1,250 pay increase to help with cost of living crisis

Tesco's pay rise to staff, which was given to help with the rising cost of living, was effective from January 8 which means workers will see the increase in their January paycheck

The Independent UK

HSBC rebuked by competition watchdog over open banking breaches

The banking giant provided incorrect data or failed to provide required information on more than 50 different occasions over the past five years.

Caixin Global

Another Central Bank Official Snared in Graft Probe

The investigation into Li Guo may be related to a broader inquiry into corruption in nonbank payment licenses, sources say

Wales Online

LloydsPharmacy to axe the pharmacies at 237 Sainsbury's supermarkets

"This decision has not been an easy one and we understand that our patients and customers may have questions"

Birmingham Post

Rightmove rival OneDome takes over Bristol mortgage broker in pre-pack administration deal

CMME Group - the holding company of CMME Mortgages and Protection - collapsed into administration in December

The Independent UK

Lebanese pound hits all-time low as deadlock persists

The value of the Lebanese pound has hit an all-time low, now trading at 50,000 to the U.S. dollar, as the country’s deeply-divided Parliament failed to elect a president for an 11th time

Daily Mirror

Thousands of mortgage borrowers could get share of £150million - can you claim?

Lawyers at the firm Harcus Parker could be taking action on behalf of customers who believed they were unfairly charged high mortgage rates following the collapse of Northern Rock

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