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The Latest Breaking News on Financial Services

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

From analysis to the latest developments in health,
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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.

Reuters

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

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

Dublin Live

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

We will officially enter the Chinese New Year on January 22

Liverpool Echo

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

The Guardian - US

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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

Daily Mirror

Pakistan economic crisis

In a major blow to cash-strapped Pakistan, the World Bank has delayed the approval of two loans worth USD 1.1 billion until the next fiscal year.

The Times of India

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.

The Independent UK

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

Caixin Global

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"

Wales Online

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

Birmingham Post

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

The Independent UK

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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

Birmingham Post

Santander joins HSBC, Allianz Insurance and JLL at Manchester's Landmark after signing 11-year deal

The deal was secured by Barings Real Estate

Reuters

India foreign minister visits Sri Lanka with stronger ties, China in focus

India's foreign minister arrives in Colombo on Thursday following his country's backing of Sri Lanka for a $2.9 billion International Monetary Fund (IMF) loan, leaving China as the island's last remaining major creditor which has yet to agree to the debt restructuring plan.

The Guardian - UK

NatWest’s biometric app security is blinking annoying

It has introduced facial recognition, but does not recognise me

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Bangkok Post

Municipal clerk nabbed for B15m embezzlement

A financial clerk of a subdistrict municipality in Nakhon Sawan has been arrested by Anti-Corruption Division (ACD) police after she was found to have siphoned over 15.8 million baht from her agency's finance office.

Bangkok Post

Thai stocks are top pick in Asean on tourism outlook: JPMorgan

A better-than-expected upswing in tourism from China’s re-opening and the likely fillip to domestic consumption make Thai stocks the top pick for JPMorgan Chase & Co in Southeast Asia.

Bangkok Post

JPMorgan’s top pick in Asean is Thai stocks on tourism outlook

A better-than-expected upswing in tourism from China’s re-opening and the likely fillip to domestic consumption make Thai stocks the top pick for JPMorgan Chase & Co in Southeast Asia.

Daily Mirror

Lloyds Bank issues urgent scam warning with customers losing £642 in fraud

A high-street banking chain has warned people to be vigilant when it comes to online shopping scams after a UK Finance Fraud Report revealed the average cost to victims

WEKU

Bank of America says the problem with Zelle transactions is resolved

The website Downdetector reported spikes in outages involving Bank of America and payment platform Zelle starting Wednesday morning.

The Independent UK

Zelle users report outage with bank-to-bank payment system

On Wednesday, Bank of America customers complained on Twitter about missing money

Nottingham Post

Lloyds Bank warns customers could lose £642 as online scams increase

Online shopping scams increased by 20% in December last year

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Subrahmanyam Jaishankar

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