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The Latest Breaking News on Financial Services

Interest rates increased to 3.5% by Bank of England in 14-year high to tackle inflation

The Bank has raised interest rates once again in a bid to meet its 2% inflation target, with figures this week showing that inflation is currently at 10.7%

Chronicle Live

Interest rates: UK borrowers are facing a serious reality check

Latest Bank of England rise offers little hope to generation of homebuyers weaned on ultra-cheap mortgages

The Guardian - UK

Bank of England raises interest rates to highest level for 14 years

THE Bank of England has raised interest rates to their highest level for 14 years, putting further pressure on mortgage holders.

The National (Scotland)

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Mortgage payments up again as interest rates hiked to highest level in 14 years

The Bank of England has raised interest rates to 3.5% from 3%

Wales Online

Bank of England raises interest rates to 3.5% despite inflation easing

Borrowers hit with higher costs as bankers signal UK not out of the woods yet

The Independent UK

Bank of England raises interest rates to 3.5% in ninth increase in a year

Majority of MPC rate-setters back hike of 0.5 percentage points despite fears UK is entering a long recession

The Guardian - UK

Interest rates hiked to 3.5% in 14-year high - what it means for your money

The base rate - which was already at a 14-year high - has today been increased by 0.5 percentage points, up from 3% and the ninth time in a row the Bank of England has taken action

Daily Mirror

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Interest rates – live: Bank of England hikes base rate in fresh blow to mortgage holders

Officials raise base rate for ninth consecutive time

The Independent UK

Bank of England poised to slow pace of interest rate hikes

Britain’s central bank is expected to deliver its ninth straight interest rate hike

The Independent UK

Bank warns of the ’12 scams of Christmas’ fraudsters use to ruin festivities

HSBC UK said criminals often use the distractions of the festive period as an opportunity to strike.

The Independent UK

Lloyds bank issues £427 warning to all customers

Lloyds Bank is urging all users to be vigilant as Christmas approaches

Liverpool Echo

Debt relief email error hits millions

The error leaves borrowers in limbo until the Supreme Court hears the case next year

Salon

Bank of England’s Bailey sees ‘first glimmer’ of inflation easing, after lifting interest rates to 3.5% – business live

Bank of England says most housing market indicators have continued to soften, as it increases UK interest rates to 14-year high of 3.5% in split decision

The Guardian - UK

Senior DHS official ‘very angry’ when colleague suggested robodebt needed ‘major response’, inquiry told

Compliance manager tells royal commission she was ‘unable to influence’ boss away from ‘deliver the numbers’ direction

The Guardian - AU

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AAP

High Court rebuffs high-fee lenders

The High Court has dismissed an attempt by two Gold Coast companies to appeal a finding that they offered loans at 800 per cent interest without a licence.

Reuters

Indonesia parliament approves extradition treaty with Singapore

Indonesia's parliament passed into law a bilateral extradition agreement with Singapore on Thursday, in a move Jakarta expects to help authorities bring to justice people accused of stashing offshore billions of dollars of state money in the city-state.

Reuters

Indonesia's new finance laws expand central bank's mandate

Indonesia's parliament on Thursday voted to approve financial legislation that widens the central bank's mandate to include supporting sustainable economic growth and formalise its debt monetisation operations.

AAP

ANZ bracing for uplift in household stress

ANZ CEO Shayne Elliott has told shareholders cost-of-living pressures are starting to have a meaningful impact on household finances.

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Sports Illustrated

Report: Dan, Tanya Snyder Likely to Sell Commanders

The Washington co-owners hired Bank of America in November.

The Independent UK

Nine million people were mistakenly told their student loans had been forgiven

Emails from the Department of Education reportedly went out to people who had applied for Joe Biden’s student loan forgiveness

The Guardian - UK

Bank of England poised to raise borrowing costs to combat inflation

Financial markets expect 0.5 percentage point increase as fears mount that UK is about to enter long recession

The Guardian - UK

Goldman Sachs bankers brace for hefty cut to bonuses

Bonus pool could be slashed by up to 40%, in possibly the lender’s largest cut to payouts since the financial crisis

The Independent UK

Bank of England expected to hike interest rates again despite softening inflation

Economists predict 0.5 per cent rise despite inflation peak and sharp recession

The Guardian - UK

Who is the ‘sexy turtle’? Andrew Bailey helps decide your mortgage costs

Some praise UK’s most powerful non-elected official for mini-budget response while some say Bank of England governor is out of touch

The Independent UK

HSBC updates climate policy to stop funding new oil and gas

British banking giant HSBC announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy

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